The MercadoLibre Paradox
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Over the past five years, MercadoLibre has grown both revenue and profit dramatically — yet its stock price has gone nowhere. Could this be an opportunity?
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Insights Blog
News, insights and thought leadership from the City Different team.
The MercadoLibre Paradox
What Investing Can Teach Us About March Madness
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We've officially entered my absolute favorite time of the sports calendar year. As millions of others around the country have done this past week, I sat down to fill out my bracket for the annual Van...
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Are Treasuries Still Safe?
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Since April, I've had a lot of conversations about whether Treasuries are still a viable safe haven investment. After “Liberation Day,” 10-year Treasuries sold off by ~50 basis points, creating a...
Headlines and Hype: Are Tax Hikes Distracting Municipal Bond Investors?
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In 2021, investors poured a record amount of cash into the municipal bond market, hoping to seek shelter from tax hikes expected as part of President Biden’s “Build Back Better” social spending and...
5 Lessons You Learned If You Started Investing in 2011
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Don’t have time for one more New Year’s top-10 list? How about just a top 5? Right now, everyone is making 2022 stock and bond market forecasts. But some are falling into a trap called “recency...
Money Market Funds vs. Short-Term Municipals: Time and Yield Work in Investors’ Favor, If They Have the Time and Yield
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Some of our clients are concerned with the stock market's valuation and are searching for lower-risk options for protecting their gains.
How to Quantify Muni Risks
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Earlier this year, municipal bond investors chasing returns often found themselves over their skis on risk. In our recent call, our fixed income portfolio managers Chris Ryon and Sweta Singh explain...
Coping with the Income/Risk Trade-off in the Current Market
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For years, interest rates have remained low compared to historical norms – and well below the current rates of inflation. This in turn has restricted the number of low-risk options for investors...
Inflation is Here: Bribing Workers to Return
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The following is an excerpt from a longer article, Rechecking Our Inflation Predictions: Inflation is Here - But for How Long?
Highlights from the City Different Investments Introductory Call
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If you missed our live webinar a few weeks ago, you can now watch the replay. We were excited by the number of attendees and impressed by their questions. During the call, Connor, Chris and Sweta...
Remember, Remember, the Third of November
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On November 3, the Federal Reserve Bank announced it will begin tapering bond purchases later this month – reducing monthly Treasury purchases by $10B and mortgage-backed securities by $5B. While the...
Inflation Prep: 4 Steps That Fixed Income Investors Can Take Now
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It’s probably time to worry about inflation for real. But as someone who’s run two bond desks (Thornburg and Vanguard) through thick and thin, and currently manages muni and other fixed income SMA...
Alert: The Hidden Risks That Might Be Lurking in Muni Bond Mutual Funds
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If you invest in municipal bond mutual funds, some odd quirks about the way mutual funds work could have a big impact on your risk.
There’s More to Muni Bonds Than Taxes
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Municipal bond investors are spending a lot of time talking about taxes. They worry the Manchin and Sanders wings in Congress will finally reach a compromise on the infrastructure and reconciliation...
Meet Chris Ryon and Sweta Singh
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Meet the Team City Different is an investment firm led by investment managers. We’re passionate about what we do, and started our own firm so we could pursue our best ideas wherever they may lead....
Welcome to the City Different Investments Blog
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Welcome to the City Different Investments blog. The City Different blog is, well, different. It’s not a sales pitch for our firm. Instead, it’s a place to share some of the insights and observations...
A View from the City Different Bond Desk
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Based on historical measures, tax exempt municipal bonds are rich to just about every other fixed income asset class! The three examples below illustrate how tax exempt municipal bond yields compare...
Should We Be Worried About Inflation?
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Preparing your Fixed Income Portfolio for Inflation Should investors worry about inflation? We believe so. Does that mean investors should abandon the fixed income markets? No. A balanced portfolio...