Please try another search
“The key strategic decision for anyone shaping investment strategy is whether to apply aggressiveness or defensiveness at a given point in time.” Howard Marks said that. And when one of...
Are corporate earnings genuinely wonderful? It may depend on your perspective. For example, after-tax corporate profits have grown at an annualized pace of less than 1% over the last 5 years. You...
There is a reason why Warren Buffett regarded market-cap-to-GDP as “…the best single measure of where valuations stand at any given moment.” The reason? Its relationship with...
I have a confession to make: I love confessions. I spent countless hours in the late 1990s listening to sports radio dissect Mark McGuire’s acknowledgement of steroid use. And who did not get...
Few predict that a recession is imminent. On the flip side, how should one reconcile the fact that the treasury yield curve is flatter than it has been since 2007? A diminishing spread between 30s and...
Central banks across the globe have acquired $1.5 trillion in assets through the first five months of 2017. The monthly amount ($300 billion) has found its way into virtually every cranny and nook of...
The S&P 500 struggled to gain price traction between the tail end of 2014 and the beginning of November in 2016. For many folks, the period represented 22 taxing months of uncertainty. Then came...
When an asset class (e.g., stocks, bonds, commodities, real estate, collectibles, etc.) skyrockets in price – when it surges higher without sufficient economic reason – a bubble develops....
There is an eight foot broadleaf evergreen directly outside my office door. Normally, I would not give it a second’s glance. Recently, however, a hummingbird has been buzzing about the greenery....
Voters in the United Kingdom shockingly decided to leave the European Union, and the stock market barely blinked. Voters in the United States unexpectedly elected a brash promoter over a...
Corporations have more than doubled their debt levels since 2008’s financial crisis, from $3.5 trillion to $8.1 trillion. They are carrying more leverage (e.g., debt-to-revenue, debt-to-EBITDA,...
The broadest definition of a bear market? Stocks descend 20% (rounding up) on a closing-price basis without an intervening bull market (20%) rally. Since 1929, there have been 25 S&P 500 bears...
We are now entering the 3rd longest economic expansion since World War II. The growth of the last 12 months, however, came in at the slowest pace since the recessionary transition year of...
Stocks rocketed to all-time highs between October 1990 and March of 2000 to register the longest bull market ever (9 years, 5 months). No matter how ridiculous the price-per-stock share – no...
Bespoke Investment Group provides some of the best investment insight to individual and institutional investors alike. That said, their “tweet” Friday morning described the jobs report as...
Media personalities love to play the prediction game, particularly in January. Where will the S&P 500 wind up at year’s end? What will happen to interest rates? And after Mariah...
In recent commentary, I expressed an opinion that president-elect Trump faces numerous obstacles in stimulating the economy via tax cuts, regulatory reduction and infrastructure spending. The incoming...