Previous 10 | Next 10 |
It remains that we are exiting the COVID era with economic activity below peak levels despite the Real GDP having ballooned to levels not seen since WWII. GDP correction at this point is economic normalization. There continues to be significant opportunity in my opinion outside th...
One of the simplest but most important lessons an investor can learn is this: capital follows returns; returns don’t follow capital. Money comes into a sector only after it has had a terrific run in terms of investment performance. Furthermore, that influx of new money nece...
In 2022, we have extreme uncertainty around the fundamental economic environment, the policy response, inflation and the response of policymakers. Although we are cautiously optimistic on the inflationary trajectory, when you look at the relatively low rate environment still, you ...
We up our strategic overweight to developed market equities, but near-term elevated geopolitical tensions keep our tactical shopping basket on hold. Equities retreated as investors took renewed fright over the military stand-off involving Ukraine, helping pull down short-term bond yie...
Russia invades and the U.S. and its allies respond with harsh sanctions. Inflation and Fed policy are still major concerns for investors. All three headwinds are why the S&P 500 has now corrected 10% from its all-time high. This is par for the course in the second year of ...
The U.S. has been importing more crude oil from Russia, especially on the West Coast, due to the decline of Alaska’s crude oil output. So, if the U.S. tried to curtail Russian energy imports, then the record prices at the pump on the West Coast could soar higher. China is expor...
Market volatility has increased as Russia deploys troops near its border with Ukraine. Financial markets tend to recover quickly from geopolitical events. Sentiment has become oversold as markets have declined, although we believe it is not yet at a level of panic that provides a ...
Larger companies have the advantage of scale, pricing power, greater ability to pass on higher costs to consumers, and stronger negotiating power with suppliers to name a few. Net profit will be an area looked at closely given the potential for multiple Fed rate hikes which will incre...
The Consumer Confidence Index from The Conference Board fell again in February but remains at a historically favorable level overall, decreasing 0.6 points, or 0.5 percent, to 110.5. The decline in the composite index was driven by the expectations component, which lost 1.3 points, ta...
The tension between Russia and Ukraine is a widely-watched event. Investors are worried an escalation of tensions would be a negative economic shock. You should not try and guess the outcome of political events, but rather position for the underlying cyclical trends. A shock d...