By: John E. Charalambakis | On: December 19, 2016 |

Meta-modernity Meets the Post-Literate World in the Era of Post-Truth: A Discussion among Cincinnatus, Empedocles, Virgil, Ibn Rushd, Hobbes, Spinoza, Canaletto, Doremus Jessup and Milton Friedman

  As I was boarding my usual end-of-the-year overseas flight I could clearly hear the arguments of a heated debate: “Do values matter and are they supposed to create the […]

By: John E. Charalambakis | On: December 19, 2016 |

Mispricing Risk and Market Conditions at the Dawn of the New Year: Rules, Aleppo and the Banks of the Nile

Historically speaking credit markets serve as a reliable signal regarding global economic conditions. Tight spreads between corporate and government bonds have been indicating improving economic conditions, faster growth, higher incomes […]

By: John E. Charalambakis | On: December 14, 2016 |

Corporate Earnings Expectations and Market Multiples: Forthcoming Policies and Capital Cushions

Since the presidential election equity funds have experienced four consecutive weeks of inflows, while bond funds have been experiencing outflows. This makes sense if we consider the anticipated lower tax […]

By: John E. Charalambakis | On: December 7, 2016 |

Seeking Roses among the Thorns: Prospects and Challenges in the Investment Landscape

There is rhetoric, and then there is reality. There are expectations, and then there is reality. There is a death valley but also the valley of peace. There are fears, […]

By: John E. Charalambakis | On: November 24, 2016 |

European Developments Meet Bruegel: The Icarus Effect

While the markets enjoy historic highs and particular sectors experienced rallies (such as financial and healthcare) one of the questions that investors may have is whether value can be found […]

By: John E. Charalambakis | On: November 17, 2016 |

The Meeting of Trends: A Value-Oriented Investment Strategy

In the last two commentaries we focused on asset allocation in times of change and on particular sectors that may benefit from forthcoming policy changes. In this commentary we would […]

By: John E. Charalambakis | On: November 9, 2016 |

Initial Reflections on US Elections and Markets’ Reaction: The Sisyphus Dilemma

As the results of the election kept coming in on Tuesday night, the futures markets indicated a turbulent opening for Wednesday. However, as the morning hours were unfolding and as […]

By: John E. Charalambakis | On: November 3, 2016 |

US Presidential Election and Market Perspectives: Asset Allocation in Times of Change

Within six days the US election will (probably) be over. Serious statistical models show that the outcome may be more uncertain than pundits predict. Some of the latest polls in […]

By: John E. Charalambakis | On: October 26, 2016 |

Trapped in the Noise of the Market: Rates and Momentum

Markets are looking for an opportunity to break free from the noise of going sideways. It could be that the recently announced deals in mergers and acquisitions could become the […]

By: John E. Charalambakis | On: October 18, 2016 |

Credit Impulse and Currency Outlook: Kafka’s Clamence Ponders on Currencies’ Trajectory

This year marks the 60th anniversary since Kafka published his least understood philosophical novel titled “The Fall”. The novel is a series of monologues by its main character (Clamence). Clamence’s […]