VT News and Press, Vanguard Total World Stock Index From 03/02/23

Summary The post-global financial crisis dominance of US equities has been completely unprecedented. Fed Chair Jerome Powell has prioritized inflation containment as the central bank’s top policy priority, and at a November 2022 press conference, indicated that the Fed still has ...

Summary The good news is that rising inflation does not necessarily mean the end of the bull market. The S&P 500 is currently valued at nearly 19x 2023 earnings. Stocks can go higher but in near-term, particularly when it comes to lower quality, volatile names. By Ru...

Summary MCJ Capital Partners is an emerging alternative investment management firm with a small cap bias. We implement a capacity constrained strategy with a bias towards investing in high quality, smaller businesses less accessible to larger capital bases. For Q4 of 2022 our total retu...

Summary Vanguard's brand is synonymous with broadly diversified passive index funds with the lowest possible expense ratios. This article serves as an updated guide to which of Vanguard's 81 ETFs best meet those objectives of simplicity, total market diversification, and low cost. Y...

Summary Investors were net purchasers of money market funds while being net redeemers of equity funds, tax-exempt fixed income funds, and taxable bond funds for the week. For the week, the average equity fund (including ETFs) witnessed market declines of 1.01%, while its taxable fixed i...

Summary Given the forecastable nature of the business cycle, understanding what markets are pricing in from a business cycle perspective is an integral tool to one’s asset allocation decisions. As it stands, stocks as a whole have done a solid job pricing in the growth slowdown. ...

Summary Provisional PMI survey data for February indicate encouraging resilience of the major developed economies of the world, with reviving output growth in the US and Europe allaying fears of near-term recessions. Growth was recorded in all four economies for the first time since Jun...

Summary For a fourth consecutive month, the S&P Global Market Intelligence forecast of 2023 global economic growth has been revised upward. Global consumer price inflation eased from a peak of 8.3% year on year (y/y) in September 2022 to an estimated 7.5% in January. The global ...

Summary AOD is an equities-focused closed-end fund. The CEF focuses on large capitalization global equities that pay dividends. The CEF's total return performance has been in line with the Vanguard Total World Stock Index Fund in the past year. The CEF is trading with a -12...

Summary In this post, I will focus on trend lines in profitability at companies in 2022, with the intent of addressing multiple questions. While absolute profits are a useful measure of profitability, you have to scale profits to a common scaling variable, to compare companies of differ...