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
Rates, Liquidity, and Tariffs: Three Questions to Answer in 2025
19 min readIntroduction By Lance Pan, CFA 2024 was a remarkable year for financial markets in many respects. The estimated 2.7% growth in real gross domestic…
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…
Credit & Risk
Will There Be a Renaissance in Oil and Gas?
6 min readEntering the Presidential election, the greatest concern among voters was the economy[1] in the wake of decades-high inflation experienced under the Biden administration. By…
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…
Economics & Rates
January 2025 Month-End Market Update
4 min readDespite a Wild January, Treasury Yields Ended Little Changed This past January will be one that many of us will never forget. The month…
January 2025 Mid-Month Market Update
3 min readGovernment Bond Yields Rise Globally The rise in U.S. treasury yields has continued into the new year, primarily driven by 3 factors: A string…
December 2024 Month-End Portfolio Update
4 min read2024 Recap 2024 saw major central banks begin to ease policy including both the Fed and ECB which each cut rates by 100 basis…
November Month-End Portfolio Update
3 min readFed Speakers Convey Caution on Pace of Rate Cuts Several Federal Reserve officials have echoed a theme conveyed by Fed Chair Powell that the…
Investing with Economic Uncertainty in Mind
4 min readEconomic forecasting is oftentimes an exercise in futility. Analysts with access to all the data and the best models can be no more accurate…
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…