Taking a Tactical Approach to the 2019 Muni Market

The video discusses tactical positioning in the context of market uncertainty, emphasizing strategic allocation over passive management. It highlights the need for tactical adjustments in 2019 due to expected volatility. A shift towards general obligation bonds is noted, driven by economic expansion and increased tax revenues. The impact of Puerto Rico's restructuring on high yield bonds is also explored, suggesting opportunities in the municipal marketplace.

What factors contribute to the uncertainty in the world today as mentioned in the text?

How does the speaker describe their approach to money management?

What shift in investment strategy is discussed regarding general obligation bonds?

What positive fundamentals are believed to allow general obligations to outperform the municipal marketplace?

What are the expected impacts of the Puerto Rico restructuring on the municipal marketplace?