Fulcra Asset Management

Trade Wars Dear Investors, In our January and February commentaries we began to discuss the growing risk of political change impacting the financial markets. We did not know the extent to which government policy uncertainty would…

Don’t put all your eggs in one basket … but what if it is The basket Market Commentary: With change, hope springs eternal.  The start of a new US presidency always brings optimism … to some.…

Intro Before diving into our latest investment commentary and analysis we would like to acknowledge that Fulcra, as of July 2024 is celebrating 15 years of investing in credit markets. Thank you to our investors who…

The idea of the global economy landing softly or abruptly or somewhere in between is a strange narrative. After landing, does the economy stop? The obvious answer is no. Like passengers that may never return to…

The bond Bear The weekends after the end of Q3, the bear market in US Treasury long duration bonds surpassed the cumulative peak-to-trough declines in the S&P 500 index during the 2008-2009 financial crisis. While it…