When Good News Is Bad News
Investors often have unique, sometimes even peculiar, ways of interpreting news. These days, it seems, good economic news is being translated into bad market news thanks to rising interest rates. …
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What Trend Acceleration Could Mean for Gold
The COVID-19 pandemic not only turned our world upside down, but it helped to accelerate trends that were already in motion long before we knew what COVID meant. Remote working …
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The Risks and Rewards of SPAC Investing
Special Purpose Acquisition Vehicles (SPACs), lately have become a popular way for private companies to go public. Also known as “blank-check” companies, SPACs enable sponsors to raise capital through an …
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Why We Like Energy Infrastructure
Frigid temperatures are gripping the nation, fueling rallies in the energy complex. Brent crude rose 1.4 per cent to $63.30/bbl, a pre-pandemic level. Natural gas, a main source of home …
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The Side Effects of the COVID-19 ‘Relief’ Plan
President Biden and congressional Democrats, citing economic urgency, are poised to move forward with a $1.9 trillion relief plan, opting not to compromise with Republican negotiators. Included in the package: …
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Potential Longer-term Implications of Populist Capitalism
Motivated by profit and the opportunity to inflict financial pain on mega-wealthy hedge fund managers, retail traders – armed with a few thousand dollars in their Robinhood accounts – ganged …
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The Revenge of the Retail Investors
Equity markets have staged a dramatic rebound from the depths of the pandemic-induced selloff last March, fueled by an aggressive central bank and the prospect of fiscal relief. From its …
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Where Do We Go from Here?
We believe one of the best ways to assess current market conditions is through Cresset’s Five Macro Factors: valuation, economic backdrop, liquidity, psychology and momentum. These gauges offer a useful …
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Could Higher Interest Rates Upset the Market?
After bottoming out last August at an historical low of 0.5 per cent, the 10-year Treasury yield inched higher, closing the year at a post-pandemic high of 0.91 per cent. …
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Cresset’s Five Themes for 2021
2021_Five_Themes_Jack_Ablin_ from Cresset on Vimeo. Cresset’s Five Themes for 2021 YOLO spending will pressure prices The Fed flinches Valuation is stretched, but opportunities remain Investor optimism could lead to disappointment …
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Will Bitcoin Take a Bite Out of Investors?
Bitcoin (BTC) is on a winning streak. The best-known cryptocurrency, enjoying its longest winning streak since mid-2019, touched over $28,000 on December 26. The recent moves are attributable to institutional …
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The Year of the Black Swans
2020 is a year we don’t like to think about, but it will be a year we’ll never forget. 2020 was defined by the arrival of a bevy of black …
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Congress Passes COVID-19 Relief Legislation
At long last, Congress has passed a $900 billion COVID-19 relief package. The nearly 6,000-page bill provides $600 to every American, adult and child, in households with incomes up to …
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Will Next Year’s Inflation Spark Ignite a Flame?
Thanks to a handful of vaccines, life in the developed world is expected to return to normal starting in the second half of next year. That’s especially welcome news to …
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Has the COVID-19 vaccine made the market irrationally exuberant?
Maybe it’s lockdown fatigue, but it appears virtually every risk market has been on fire since news of effective vaccines hit the news a little more than a month ago. …
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Markets Whistling Past the Pandemic
Equity markets delivered their best monthly showing in over 30 years in November, despite the fact that COVID-19 infections are spiraling upward at their highest rate since the outbreak began. …
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