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 and profits and rising business...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 rates for corporations, and the incoming administration’s plans...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, but also hopes. There are thorns but also roses among them. There are opposing winds that could...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 in EU equities. From a valuation standpoint EU equities could be seen as...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 like to focus on an emerging convergence and suggest that a value-oriented approach...Sign Up for Our Publications
