Is the Market Turning? Fundamental Changes and Cross-Determination
In this week’s commentary, we would like to discuss our perspective for the short-term based on some changes we have been observing in the market. However, before we show this – mainly through some graphs – allow us to clarify the cross-determination part of the...Rotation Strategies: Earnings Prospects and Fed’s Tightening Cycle
During times of accommodative monetary policies when rates drop and earnings prospects shine, growth stocks usually outperform value stocks. In a basic valuation model of discounting future earnings (especially for growth-oriented companies), value-oriented stocks...Sector Focus: Financials
The financial sector is vast; we can only give a high-level overview. We will cover US equity markets, international bonds, US market managers, world equities markets, derivatives markets, banks, and insurance companies. At the end of this piece, we will comment on...American Leadership and Global Insecurity: Market Assessment
In security conferences around the world, speakers have been describing the rising threats and the rising level of insecurity, while at the same time wondering where the American leadership has been. The violent and chaotic situation in Syria could replicate itself in...Corporate Bonds, Excess Cash, and Market Yields: Is there an Equities Link?
In the recent market turmoil, corporate bonds seemed able to sustain their values. Could we assume that in a future market turmoil they will continue showing signs of immunity? Last two times we saw an equities correction (summer of 2015 and early 2016), anxiety...Sign Up for Our Publications
