Corporate Fundamentals and the Health of the Investment Grade Bond Market

More than a month into the second half of 2016, macro factors continue to dominate financial market sentiment. In previous Market Perspectives we have discussed the recent trend amongst investors to almost exclusively fixate on the macro issue du jour, while ignoring fundamental analysis. Hidden amid the daily news clutter surrounding the upcoming U.S. election and Brexit fallout, second quarter corporate earnings season was in full swing during July.