Weekly Market Update
Market Action Global equities saw little change this week while the opposite can be said for the yield on the US 10-year Treasury note. Investor concern over the rapidly spreading coronavirus outbreak which could inhibit global growth sent the yield on the US...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 earns six percent on capital over forty years and you hold it for that forty years,...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 at 1.84% while the price of a barrel of West Texas...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 a very significant role in the spectacular rise in equities (not that debt markets did not also perform well)....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 rose two basis points to 1.84% while the price of a barrel of West Texas Intermediate...Sign Up for Our Publications
