Publications
By: Rachel Poole | On: January 18, 2020 |
Weekly Market Update
Market Action Global equities continued their advance into record territory, again crossing the 29,000 line. Despite the strong equity market performance, the yield on the 10-year US Treasury remained […]
By: John E. Charalambakis | On: January 15, 2020 |
Earnings, Valuations, and Equity Markets
Looking back to 2019, we don’t think that it would be a stretch to claim that lower rates and the dovish approach by the Fed lifted up valuations and played […]
By: Rachel Poole | On: January 11, 2020 |
Weekly Market Update
Market Action Global equities continued their record run this week. The Dow Jones crossed 29,000 for the first time ever on Friday. The yield on the US 10-year Treasury note […]
By: John E. Charalambakis | On: January 8, 2020 |
The Rising Turmoil in the Middle East and the Implications for Portfolio Hedging
There is no doubt that the death of Qassem Soleimani may become a stepping-stone for rising violence, turmoil, volatility, risks, and even a new war in a troubled region of […]
By: Rachel Poole | On: January 4, 2020 |
Weekly Market Update
Market Action Global equities changed little this week after gains made earlier in the week were given up after a US airstrike killed the top Iranian general in Baghdad, […]
By: Rachel Poole | On: January 2, 2020 |
Crossroads: At the Intersection of Geopolitics and Geoeconomics
Here is a summary of the most important events that unfolded last month, and which may affect economic, financial and geopolitical issues in the months ahead: North America The United […]
By: John E. Charalambakis | On: December 30, 2019 |
On the Dialectic Morals of Statecraft: A Conversation with Johannes Bredenburg, Spinoza, Corrie Ten Boom, Amartya Sen, and Sir John Templeton.
In the boarding area I could clearly see three distinct figures: Johannes Bredenburg, Sir John Templeton, and Spinoza. I knew that I was destined for another treat in this end-of-year […]
By: John E. Charalambakis | On: December 23, 2019 |
Assessing the 2020 Outlook: Part II
In last week’s commentary, we outlined our overall assessment of a decent start for 2020, but expressed our skepticism for the rest of the year (see Assessing the 2020 Outlook: […]
By: Rachel Poole | On: December 21, 2019 |
Weekly Market Update
Market Action Global equities reached record highs this week, driven in part by declining trade and geopolitical uncertainty. All three major US indices, as well as the STOXX 600 […]
By: John E. Charalambakis | On: December 19, 2019 |
Assessing the 2020 Outlook: Part I
We started assessing the outlook for 2020 a few weeks ago. The truth of the matter is that we are facing two almost equally probable scenarios: The first one (adopted […]
By: Joel Charalambakis | On: January 22, 2020 | Tags: Guest Commentary
More Important than Valuation: Understanding the Value of Return on Invested Capital
By Joel N. Charalambakis “In the long term, it’s hard for a stock to earn a much better return than the business which underlies it earns. If the business […]