JHML News and Press, John Hancock Multifactor Large Cap From 11/03/21

The recent run higher in the Sharpe ratio for the Global Market Index finally reversed in October. Risk-adjusted performance has slipped, but GMI's rebound in October lifted it to a new record high. GMI is useful as a baseline to begin research on asset allocation and portfolio de...

A recession will come to the United States economy, but not in 2022. Homebuilders will construct as many homes as they can, though that will be limited by buildable lots, skilled labor and building materials. If the Fed avoids an over-reaction recession, it risks not bringing infl...

Last Thursday, the Commerce Department announced that its preliminary estimate for third-quarter growth was an anemic 2%. This was partly due to the fact that consumer spending grew at only a 1.6% annual pace, down from a torrid 12% annual pace in the second quarter. The Commerce Depa...

The long-run risk premium forecast for the Global Market Index (GMI) rebounded in October, edging up to 6.1%, based on revised numbers through last month. The new estimate is calculated in terms of the projected return over the “risk-free” rate, according to a risk-based...

US real estate investment trusts (REITs) and stocks posted the strongest returns for the major asset classes in October - by wide margins. US REITs surged 7.7% last month, reversing September’s sharp decline. The recovery puts American property shares in the lead for 2021 with ...

Money is created in two ways. The 1990s bull market was fuelled by only one of these ways. Today, the ongoing bull market is being fuelled by both ways of currency-creation. For further details see: How Today's Stock Market Is Similar To The 1990s, Only Better

We have already reached or even torn down historically comparable levels for many multiples. In this respect, the number of those warning of a bubble and the risk of a crash is increasing. I, too, find it challenging to accept market-wide share price potential. However, the point ...

While the market started the week a bit sloppily, the bulls charged back on Thursday as earnings season officially got underway. With the market crossing above significant resistance at the 50-DMA and turning both seasonal “buy signals” confirmed, it appears a push for p...

In the latest report, the consensus forecast was for payroll gains of 479,000 and an unemployment rate of 5.1 percent. The actual numbers came as something of a surprise: 194,000 payroll gains (much worse than expected) and an unemployment rate of 4.8 percent (much better than expected). ...

The supply of new Treasury debt should average at least $1.5 trillion a year over the next 5 years. Household debt growth is also likely to soar, both mortgage and unsecured debt. At current interest rates, investor demand doesn't seem nearly sufficient to fund the total of $4 tri...