Inversion Perversion

In your April issue, we dive into Wall Street’s fixation on the yield curve and how the conversation surrounding this topic has distorted many investors’ views of where we are in the economic cycle and their prospects for further gains in the stock market.

Attempting to define what constitutes an inverted yield curve is muddled. Is it when the yield on a 3-month Treasury bill is higher than the yield on a 10-year Treasury bond? Or is it when the 2-year yield is higher than the 10-year yield? For some, it’s the narrow range between 2-year and 5-year Treasurys. In this month’s issue, we’ll tell you why we think today’s conversations about the yield curve are specious.

We’ll also examine why lower exchange-traded fund (ETF) expense ratios aren’t always better and why it’s unfortunate that investors are increasingly choosing ETF shares over traditional mutual fund shares.

Last month, we began our discussion of different retirement spending strategies, but there was still a lot of this ball of yarn to unravel. In this month’s issue, we’ll bring you the second part of this discussion and talk about even more spending strategies for those entering or already in retirement.

For the full scoop, check out your April issue—available online now.