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Brochure Supplement Joe Estes
Brochure Supplement Jonathan Ezra
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Own Your Practice
Letter to Clients
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contact us
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Fixed Income Portfolio (FIP)
FIP Program
Services, Fees and Compensation
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Sample Portfolio
Back Dated Performance Reports
Quarterly Performance Reports
Total Asset Market (TAM)
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Taxable Bonds
Par, Premium, and Discount Bonds
Rating and Analyzing Bonds
Refunding & Pre-refunding
Bond Yields
Yield Curve
Secured Bonds
Mortgage Bonds
Unsecured Bonds
Debentures
Subordinated Debentures
Zero-Coupon Bonds
Convertible Bonds
High Yield Dividend Stocks
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Financial Planning
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Implementation
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Client Service Approach
Client's Responsibilities
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Implementation
Legal Services
Termination
MUNICIPAL BONDS
Municipal Bond Presentation
About Us
The Management
Global Asset Allocation Products
FIP Program
Classifying Municipal Bonds
Revenue Bonds
Credit Factors Affecting General Obligation Bonds
Credit Factors Affecting the Quality of Local Municipal Bonds
Analyzing the Credit Quality of General Obligation Bonds
Analyzing the Credit Quality of Revenue Municipal Bonds
What We Normally Buy
What We Normally Don’t Buy
Municipal Bonds – Unique Asset Class
Default Rates
Yield Difference
Turnkey Operation Platform
Advantages of Our Bid Wanted System
Advantages of Our Clearing System
Preferred Custodian Settlement
Advantages of Same-Day Allocation
TSL’s Turnkey Operation Platform
Classifying Municipal Bonds
Revenue Municipal Bonds
Types of Revenue Municipal Bonds
Industrial Development Revenue Bonds
Lease-back Bonds
Special Tax Bonds
NHA/PHA Bonds
Moral Obligation Bonds
Municipal Notes
TANs/RANs
BANs
CLNs/GANs
Variable Rate Bonds/Notes
Build America Bonds
Double-Barreled Bonds
Bond Index Components
Open-end-Closed-end-Indenture
Sinking Fund
Bond Contracts
Bond Indenture
Official Statement
Bond Issuance Process
Analyzing GO Bonds
Analyzing Revenue Bonds
Debt Ratios
General Price Analysis of Municipal Bonds
Liquidity
Interest Rate Risk
Credit Risk
Coupon Risk
Maturity Risk
Municipal Bond Insurance
Municipal Bonds Unique Asset Class
Default Rates
What We Buy Currently
What We Normally Don’t Buy
Turnkey Operation Platform
Advantages of Our Bid Wanted System
Advantages of Our Clearing System
Preferred Custodian Settlement
Advantages of Same Day Allocation
Traditional Broker/Dealer Execution Flow
TSL's Turnkey Operation Platform
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Investing During Uncertain Times
Read FULL Seminar Here
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iShares TIPS Bond ETF
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Updated: 8:00 PM EDT, Mar 13, 2026
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Undocumented Immigration Good For Economy? Black Swan Author Nassim Taleb Warns Any Sudden Curb Would Lead To 'Explosive Inflation'
↗
May 26, 2024
Inflation has persisted as a significant issue, now emerging as a key factor in the upcoming election.
Via
Benzinga
Topics
Economy
Immigration
Most Americans Think Economy Is In Recession Under Biden Despite Hard Data Telling Different Story: 'We're Not Feeling It Where I Live'
↗
May 23, 2024
Incidentally, after emerging from a COVID-19-induced recession in the third quarter of 2020, the U.S. economy has shown positive growth for much of Biden's tenure.
Via
Benzinga
Topics
Economy
Gold Bull Peter Schiff Says Inflation Headed 'Far Higher' As Powell 'Refuses To Acknowledge' Policy Mistake During COVID-19
↗
May 15, 2024
Schiff is in the camp of economists who see no respite in pricing pressure, blaming the Federal Reserve for the current predicament.
Via
Benzinga
Topics
Economy
Don't Panic Yet! Ahead Of Key April Inflation Data, Economist Points To Charts That Hint At 'Some Good News' — 'Fed Beige Book Nailed This'
↗
May 15, 2024
The Federal Reserve's focus on bringing inflation down to its 2% target has made investors closely watch economic data releases. This week's Consumer Price Index report could provide clues about the...
Via
Benzinga
Topics
Economy
Fixed Income ETFs Record Largest Inflow In Over Five Years, Adding $9.4 Billion
↗
May 14, 2024
During the fund-flows week, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the third straight week, adding a net $36.4 billion.
Via
Talk Markets
Topics
ETFs
Biden Vs. Trump: Incumbent Fails To Win Voter Confidence To Steer Economy As New Poll Identifies Inflation As Major Pushback
↗
May 13, 2024
Biden's pushback has more to do with his economic policies, which is weighing heavily on his job approval rating, a new poll found.
Via
Benzinga
Topics
Economy
Does Reflation Risk Threaten The Risk-On Signal For Stocks?
↗
April 25, 2024
Animal spirits have come off the boil lately, but these are still early days for deciding if risk-on sentiment for equities has hit a wall or is in a holding pattern that allows markets to consolidate...
Via
Talk Markets
Larry Summers Says June Rate Cut Could Be 'Dangerous And Egregious Error' After Hotter-than-Expected March Inflation Data
↗
April 11, 2024
Inflationary environment should not come as a surprise given the growth momentum, loose financing condition and depressed jobless rate, says Larry Summers.
Via
Benzinga
Topics
Economy
Hot CPI Sends Shockwaves Through The Market
↗
April 10, 2024
The March CPI report was much hotter than expected, and that could cause big problems for the market.
Via
Talk Markets
Will March Inflation Data Break Tech Rally's Back? Why Wall Street's 'Dean Of Valuation' And Gene Munster Are Worried, But Paul Krugman And Other Economists Are Not
↗
April 10, 2024
Economists generally predict a slight slowdown in the month-over-month inflation rate, with consumer prices and the core reading potentially rising by 0.3% in March compared to 0.4% in February.
Via
Benzinga
Topics
Economy
Larry Summers Says There's Still A 'Real Possibility' Of A Fed Move Higher: 'Would Be An Inappropriate Act To Cut Rates' At June Meeting
↗
April 07, 2024
Summers says an accelerating economy, along with loosening of financial conditions, does not support a decrease in the fed funds rate in the near term.
Via
Benzinga
Topics
Economy
Trend Change Implications - April 2024
↗
April 06, 2024
After a great stock market run, it‘s now up to real assets and the much touted gold, oil and copper that are to shine – with silver slowly joining in alongside miners. New spark? More evidence of...
Via
Talk Markets
Topics
Economy
Never Mind Jerome Powell? Bullish Analyst Predicts Over 3 Rate Cuts This Year, Calls Recent Inflation Spike 'Statistical Aberration'
↗
April 04, 2024
Fundstart's Tom Lee suggested that by the Fed's June meeting, with data from three monthly inflation reports, markets may become more confident in falling inflation.
Via
Benzinga
Topics
Economy
Peter Schiff Warns Of Far More 'Devastating Outcome' Than 2008 Global Financial Crisis As He Slams Jerome Powell's 'Misguided' Optimism
↗
March 30, 2024
Inflation may not be headed toward the Fed's 2% target, said economist Peter Schiff as he questioned the central bank's logic in flagging rate cuts.
Via
Benzinga
Topics
Economy
Larry Summers Questions Fed's Eagerness To Cut Rates As Easy Money Policies Clash With High Inflation: 'I Don't Fully Get It'
↗
March 21, 2024
Summers criticizes Fed for potential rate cuts, citing strong economy & persistent inflation. Fed may have flawed understanding of neutral rate.
Via
Benzinga
Topics
Economy
Profiling A ‘Real Assets’ Portfolio During The Recent Inflation Surge
↗
March 20, 2024
The sharp runup in US inflation in 2021-2022 revived the idea that a so-called real assets portfolio is crucial for asset allocation strategies. But with the peaking of inflation in mid-2022, that...
Via
Talk Markets
Topics
Economy
Trend Change Implications
↗
March 17, 2024
No out-hawking the Fed, and indeed there is room for a hawkish, not dovish surprise on Wednesday – fear not though more rate hikes, the disappointment would come on the rate cuts uncertainty front.
Via
Talk Markets
Topics
Economy
Gold Bull Peter Schiff Thinks We Should Brace For Double-Digit Inflation Rate Because Fed's Powell 'Can't Walk The Talk'
↗
March 13, 2024
According to Schiff, the February inflation number confirms that the disinflation trend ended months ago.
Via
Benzinga
Topics
Economy
El-Erian Says Market Justified In Worrying About Economic Growth If 2 To 3 Fed Rate Cuts Don't Happen This Year: 'Last Mile Getting To 2% Is Really, Really Difficult'
↗
March 07, 2024
The economist also discussed whether the Fed should consider global economic conditions when setting interest rates or focus solely on domestic issues.
Via
Benzinga
Topics
Economy
Biden Vs Trump Race To White House Becomes Too Close To Call, But 2 Things Could Tilt Favor To Incumbent President: New Survey
↗
March 04, 2024
Trump led Biden by a very narrow margin of two percentage points in a hypothetical matchup, a Wall Street Journal survey found.
Via
Benzinga
Topics
Government
Gold Bull Peter Schiff Warns US Q4 Growth Is Really 'A Credit Bubble' Amid $834B Surge In National Debt
↗
February 29, 2024
Schiff emphasized that this debt doesn't even include changes in consumer credit levels during the same period.
Via
Benzinga
Larry Summers Says Next Fed Move Could Be Up Rather Than Down As Inflation Data Calls Into Question The 'Soft-Landing Paradigm'
↗
February 17, 2024
Larry Summers suggests that inflationary pressure has not been contained and there is a possibility that pricing pressure could remain above the Fed target.
Via
Benzinga
Topics
Economy
El-Erian Thinks Biden's Economic Woes Could Be Self-Inflicted As Trump Gains Ground In Voter Confidence
↗
February 12, 2024
On the communication front, Biden and his team have touted the progress made on the economic front, but this has not resonated with the American public.
Via
Benzinga
Topics
Government
Peter Schiff Flags 'Big Risk' For Stock Market's Record Run, Warns Of 'False Belief' About Inflation War
↗
February 09, 2024
As against widespread belief that inflation will continue to trend downward, Peter Schiff sees risks from renewed pricing pressure.
Via
Benzinga
Topics
Economy
When To Own Breakeven Inflation
↗
February 07, 2024
It is interesting to me that, with as important and liquid as the inflation-linked bond market is, the tactical allocation between TIPS and nominal bonds is at best an afterthought for most investors
Via
Talk Markets
Topics
Bonds
Economy
Analyzing The Pulse Of The U.S. Labor Market: The Update
↗
February 05, 2024
The Unemployment Rate remains stable at 3.7%, reflecting a tight labor market. However, the modest increase in Non Farm Payrolls and Manufacturing Payrolls indicates cautious hiring practices amid...
Via
Talk Markets
Major Asset Classes January 2024 Performance Review
↗
February 01, 2024
Global markets were mixed in January following a strong finish in 2023 that lifted nearly all corners.
Via
Talk Markets
Paul Krugman Counters Nikki Haley's 'Economy In Shambles' Comment: '2023 Was A Miraculous Year'
↗
January 28, 2024
The economy's resilience is underlined by recent data, but opinions are divided over the health of the economy.
Via
Benzinga
Topics
Economy
Krugman Says 'Inflation Really Looks Like Yesterday's Problem' As He Points To A Metric That Is Harbinger Of Fed Rate Cuts
↗
January 13, 2024
Economist Paul Krugman sees the Fed's preferred inflation gauge dropping below the 2% target on a six-month basis.
Via
Benzinga
Topics
Economy
Fed Has 'Already Lost' Inflation War, Says Gold Bull Peter Schiff After 'Hotter-Than-Expected' December CPI Data: Are Rate Hikes Coming?
↗
January 12, 2024
The annual CPI and core CPI inflation came in at 3.4% and 3.9%, respectively, compared to the 3.2% and 3.8% expected by economists.
Via
Benzinga
Topics
Economy
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