Independent Investment Research
Building on over 33 years of industry-leading research, Capital Advisors Group provides comprehensive, independent investment research and credit analysis which we believe is relevant to the unique risks and challenges faced by finance professionals. Our research staff is committed to improving the safety and liquidity of cash portfolios in all market conditions.
Investment Management
The Future of Cash May Be a Token
9 min readCash may be King, but it is also going virtual before our eyes. Digital cash used to be the domain of tech innovators and…
Taking Stock of Japanese Megabanks’ Credit Profiles in Volatile Markets
4 min readRecent market turmoil, triggered by the Bank of Japan’s interest rate hike and disappointing US jobs data, has resulted in a sell-off in Japanese…
Registered Investment Advisors vs. Broker-Dealers: Who Should You Work With?
7 min readRegistered Investment Advisors (RIAs) vs. Broker-Dealers (B-Ds): An Overview The services of a registered investment advisor or a broker-dealer should be considered if you…
Putting Cash to Work
11 min readIntroduction: Higher Rates are Coming to An End Recent comments by Federal Reserve officials indicate that monetary policymakers may soon start lowering short-term rates…
Republic First Bank Resolution: Minimal Disruption Expected
2 min readOn Friday afternoon, the FDIC took the failed Republic First Bank into receivership and the majority of the bank’s assets and liabilities were sold…
Negative Rates are No More, But The Era of Big Central Banks Reigns Supreme
7 min readIntroduction The Bank of Japan’s (BOJ) meeting last month was perhaps the most consequential central bank meeting of the entire year. The BOJ raised…
Credit & Risk
Asset-Backed Securities in Cash Portfolios: Worth the Effort or Unnecessary Complexity?
18 min readFinancial markets have closely monitored consumers’ financial health following the COVID-19 pandemic to gauge when the exceptional economic tailwind provided by high levels of…
Credit Insight: The Backbone of Counterparty Risk Management
10 min readAbstract Changing credit landscapes, more complex financial products, multiple touchpoints with large financial intermediaries, and high profile bank failures are just some of the…
Credit Implications of The Digital Markets Act
9 min readIntroduction On March 7th, 2024, the European Commission (EC) began enforcing the Digital Markets Act (DMA), one of the most sweeping antitrust policies for…
Apple Q2 Earnings: Share Buybacks, China, and AI
2 min readFor the quarter ending March 30th 2024, Apple reported net income of $23.6B, down 2.2% year-over-year, on revenues of $90.8B which were 4.3% lower…
The Empire Strikes Back: Return of Oil and Gas Dominance for U.S. Integrated Energy
5 min readIntroduction Earlier this year, European oil majors BP and Shell announced that they would roll back their energy transition plans and keep oil and…
Strikes – Potential Impacts to Credit and Labor
7 min readWhat effects have the labor strikes had on credit markets and how may the Fed’s tightening cycles create further impact? Introduction The U.S. lost…
Economics & Rates
November Mid-Month Portfolio Update
5 min readPotential for a Fed Santa Pause The Fed followed up their September 50 basis point rate cut with a unanimous 25 basis point cut…
October Month-End Portfolio Update
5 min readResilient Consumer Continues to Spend – No Grinch Forecasted Recent economic data highlights a resilient consumer ahead of the holiday season: Yields Rise on…
October Mid-Month Portfolio Update
3 min readLabor Market Remains Solid but Data Could be Noisy Ahead The September employment report was solid overall but with hurricanes Helene and Milton hitting…
September Month-End Portfolio Update
4 min readMarket Reaction Following the September FOMC Meeting Since the Fed cut the federal funds rate on September 18th, a notable market reaction has been…
September Mid-Month Portfolio Update
6 min readFed Cut Rates by 50 Basis Points – But 50 is Not “the New Pace” At the September 18th FOMC meeting, the Fed cut…
August Month-End Portfolio Update
3 min readThe Time Has Come To Cut Rates In his keynote address at the Federal Reserve’s Jackson Hole Economic Symposium, Federal Reserve Chair Powell said…