The Ailing Relationship Between Oil Prices and Treasury Yields
Over the last five years, crude oil and US Treasury yields have moved in tandem. For the […]
The Rise of the Machines
The potential for robotics to have an impact on our lives over the next decade is breathtaking. […]
Why Cybersecurity Should Be an Aspirational Portfolio Investment Theme
One of the advantages of goals-based investing is the ability to identify and allocate assets to investments […]
Taking Stock of the Stock Market
The 2020 stock market is just a few days old but investors watching the averages already have […]
For Profit Growth, Corporate Size Does Matter
The S&P 500 has surged nearly 30 per cent in 2019 as investors celebrate the tenth year […]
What the Labor Market Tells Us About the Business Cycle
The US economy is showing its resiliency in the face of global slowing. Certainly, this year’s three […]
Trading Commissions Imploding as Investors Go Independent
It’s a race to the bottom for some players in the $74 trillion asset management business as […]
Bracing for Brexit
Britain’s departure from the European Union (EU), aka “Brexit”, is set to take place on November 1. […]
Investing in an Era of Short-Termism
Short-termism is a perpetual temptation: the inclination to benefit today at the expense of the future is […]
Why We Like Private Equity Secondaries
As the bull market enters its eleventh year, many high net worth investors are looking beyond traditional […]
What Q1 Bank Earnings Tell Us About the Future
If liquidity is the lifeblood of financial markets, then banks represent the circulatory system. Distilling bank earnings […]
Investor Psychology and the Markets
What a difference a year makes, particularly through the lens of investor attitudes. Investors were enthusiastically bullish […]
Sears, the original Amazon of US retailing, files for bankruptcy
Sears Holdings, the 125-year-old Chicago-based retailer, filed for bankruptcy protection yesterday morning. The company, which had been […]
Rise of the Megacaps
America’s largest companies are thriving. Like Apple, our nation’s first company to cross the $1 trillion market […]
Small Businesses are Hiking Prices
The business of America is small business: companies of 500 workers or fewer employ more than three-quarters […]
Macro Strategy Chartbook May 2018
— Valuation is presenting a mixed picture: equities appear cheap relative to current earnings projections, but expensive […]