The Year Ahead – 2020
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The Year Ahead – 2018
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Earnings-Cycle Bottom
In a recent report, we argued that the current bull market is more of a business cycle than a political cycle. The volume of “hate mail” in response to this heresy suggests we are on the right track. We based [...]
Analyze This
Ever notice that Wall Street analysts are a lot like sports announcers? Both chatter continuously no matter what the action on the field. In a quiet moment, for example, you might hear a baseball announcer exclaim “The last time a [...]
8 centuries of bond market reversals
Interesting article from Harvard’s Paul Schmelzing: https://bankunderground.co.uk/2017/01/04/venetians-volcker-and-value-at-risk-8-centuries-of-bond-market-reversals/ My $.02? Transitions from bull to bear markets have occurred gradually over long stretches of time. In the most recent case, bonds traded sideways from 1936-1956. It’s okay, then, to play cyclical rallies… [...]
When will MSCI admit China A-shares?
From Larry Jeddeloh of TIS Group: MSCI has been considering adding Chinese equities to their benchmark indexes for a long time, and just got done with another review [April 2016] wherein they decided to keep the A-shares out for now. But, how [...]
The Year Ahead – U.S. Equities
Long-term trends and behavioral tendencies likely to influence U.S. Equities in 2017 U.S. equities entered a secular bull market in 2013, breaking out above a 13-year range in dollar terms, and staging a bona-fide reversal in gold terms. A [...]
Investing in gold? Here’s what you need to know
You can almost categorize investors into two types when talking about gold. The first group is known as the “bugs”, people who have hundreds of reasons for investing in gold and will praise the precious yellow metal no matter how [...]
The Retirement Planning Learning Curve
I entered the workforce right after college and there was the initial learning curve that I had to overcome. Everyone goes through this at some point in their life. The first week of a new job is always the hardest. [...]