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
Executive Summary — Valuation is presenting a mixed picture: equities appear cheap relative to current earnings projections, […]
Credit Conditions and Risk Taking
The availability of credit, to borrow, spend or invest, is the lifeblood of the financial market. That’s […]
The Anatomy of a Downdraft
In my 30-year experience in the investment markets, I have encountered more equity downturns than I care […]
Higher Rates and the S&P 500
Bond yields are on the rise. At last check, the 10-year benchmark Treasury note yields more than […]
Jack Ablin joins Cresset
Chicago entrepreneurs & investors Eric Becker, Avy Stein enlist former BMO Wealth Management CIO to drive investment […]