Timely investment themes informed by deep historical research
About this time each year we make resolutions regarding our future goals. We sign up for gym memberships, and swear off those unbreakable habits. We promise to eat salads for lunch, spend more time with family, and read a book a month. All of these things take time, and a lot of it, but require a paradigm shift.
Read MoreLarge growth stocks are winning the battle this year...by a lot. The Russell 1000 Value Index is down -7.3%, while its Russell 1000 Growth Index counterpart is up +2.6%. Tech heavyweights are crushing the competition, but at what price?
Read MoreThe massive appreciation of the U.S. dollar over the last year will slowly chip away at the earnings for large firms in the coming quarters.
Read MoreThe Fed is in quite a predicament. Economic cycles typically last seven to ten years. The current cycle will be seven years old in early 2016. Humans have known of this cyclical pattern quite literally since the Book of Genesis--seven years of fat, seven years of famine. At some point, the current bull will yield to a bear market as all bull markets have.
Read MoreThe mettle of investors has been severely tested over the last few weeks. Since the market's recent June highs, a litany of issues in Greece, Iran, and China have plagued the stock markets. Emerging markets have reached bear market territory while U.S. large cap indices have broached the "correction" juncture. U.S. small cap is in a bear market as well. Long term U.S. Treasuries have rallied. The dollar has weakened. Commodities, including oil, have tanked. It's enough to make an investor's head spin.
Read More