Mill Creek Capital Advisors

While equities play an important role in portfolios, they are also prone to significant, extended drawdowns that can test the will of the most patient investors. In our most recent white paper, CIO Michael Crook discusses how investors can both diversify and achieve equity-like returns over the course of a market cycle. Read more here: https://lnkd.in/gvbC23ZN #equities #diversification #investmentstrategy

What is fueling the growing interest in asset-backed lending? Nora Pickens, CAIA, Akhil Bansal, Anshumann Woodhull and Eric Neglia dive into all things asset-backed lending at SuperReturn Private Credit US, including why inflation, rising interest rates and increased levels of market volatility make asset-backed lending strategies especially attractive! #SRPCUS

In her latest white paper, Nora Pickens, CAIA, Partner, Investment Strategy, discusses when investors should consider choosing taxable vs. municipal bonds. She introduces two helpful ratios, the Municipal/Treasury (M/T) ratio and Muni/US Aggregate (M/A) ratio, to help guide these strategic decisions. Read the white paper here: https://lnkd.in/e2hVYgPe #investmentstrategy #taxablebonds #municipalbonds

We're #hiring a new Compliance Associate to join our team! This role offers the chance to work closely with our President, Chief Compliance Officer, and Chief Investment Officer, making it a fantastic opportunity for someone motivated and ready to grow in the investment management field. Ideal for those with 2+ years of experience in SEC-regulated entities, this role will support our compliance operations, marketing compliance, and annual review processes, among other key responsibilities. Know someone who might be interested? #hiringspotlight

Sometime within the next week, we will (hopefully) know the winners of the US elections. We recognize that regardless of the outcome, roughly half of our readers will be disappointed. Our message this week is to be patient and not let the election drive rash investment decisions. Economic fundamentals are likely to be the primary driver of market performance in the near term. Read our November Update here: https://lnkd.in/e_nXRk7D #USPresidentialElection #FinancialMarkets

In her latest commentary, Nora Pickens, CAIA, Partner, Investment Strategy, discusses that despite the Fed’s treat of a 50-basis point cut in mid-September, the 10-year Treasury yield has played a trick on many market participants by climbing nearly +60 basis points to 4.2% since then. This move, however, didn’t catch us off guard. Read why here: https://lnkd.in/e-vT5Zc4 #treasuryyield #federalreserve #fixedincome

With less than two weeks until Election Day, CIO Michael Crook highlights three things worth remembering for investors: 1. Many of us let politics color our perception of the economy. 2. All-time highs are usually good times to invest. 3. Equity market corrections happen nearly every year, regardless of the president. Read more here: https://lnkd.in/eKmcai_P #InvestmentInsights #MarketTrends #Election2024

We’re excited to share that Nora Pickens, CAIA, Partner, Investment Strategy, was invited to celebrate Charles Schwab’s 15th anniversary of its ETF business at the New York Stock Exchange! Congrats to Schwab on this milestone and to Nora for representing us at such a prestigious event! #Schwab #ETF #NYSE #Investing

We are pleased to present our Q4 2024 Outlook: Deficits, Debt, and Inflation. In the lead article, CIO Michael Crook provides an in-depth analysis of the unsustainable U.S. fiscal trajectory, emphasizing escalating debt, widening deficits, and the growing burden of entitlement liabilities (page 1). This is followed by a detailed overview of our tactical perspectives (page 5) and a comprehensive review of fourth-quarter market developments (page 6). To conclude, we feature an insightful private credit spotlight from Nora Pickens, CAIA, Principal of Investment Strategy (page 7). Read it here: https://lnkd.in/ePGii6wJ #inflation #useconomy #privatecredit #financialmarketsoutlook

In his latest commentary, CIO Michael Crook acknowledges that while a 0.5% rate cut by the Fed could signal worsening financial conditions, last week’s data serves as a clear reminder that the US economy has yet to show any alarming signs. Read it here: https://lnkd.in/e9e65Cwk #CPI #inflation #FedReserve