The Paradox of Chinese Drift
While Chinese growth looks stable into early 2017, a more marked slowdown by the second quarter appears inevitable.
Vehicle Miles Traveled: Another Look at Our Evolving Behavior
The Department of Transportation's Federal Highway Commission has released the latest report on Traffic Volume Trends, data through November. "Travel on all roads and streets changed by 4.3% (10.8 billion vehicle miles) for November 2016 as compared with November 2015." The less volatile 12-month moving average was up 0.34% month-over-month and 3.0% year-over-year. If we factor in population growth, the 12-month MA of the civilian population-adjusted data (age 16-and-over) is up 0.25% month-over-month and up only 1.9% year-over-year.
New Tools to Prove You Acted as a Fiduciary
This article, the first of two parts, is a review of some of the more prominent new tools that advisors can lean on as they prepare for the full DOL rule implementation on April 10. Each of them addresses a different aspect of the rule, and they all approach it from different angles.
One of the attempted barbs tossed my way at various points in the past 20 years is “Cassandra.” Frankly, I kind of like it.
Sustainable Development Goals: Common Goals, Our Approach, Your Impact
How the United Nations Sustainable Development Goals can serve as a framework for ESG investors
2017 Global Market Outlook
The search for investment portfolio returns is not going to get any easier in 2017 against a backdrop of record U.S. equity prices, narrow credit spreads and low bond yields.
Three Asset Classes to Watch in 2017
2016 was a rather boring year for the markets. That is until the surprising November election results left Americans thinking “Now What?”
2017 ETF Top Trends and Insights
The Year of the Dynamic ETF With the world digesting the surprising results of the 2016 U.S. Presidential Election, the team at IndexIQ has turned their thoughts to next year and their top five ETF-focused trends and insights for 2017.
Will Markets and Portfolios Emerge Winners or Losers Under the New Administration?
Based on the little substance that emanated from the presidential campaign, it is almost impossible to game the precise market and economic policy implications of a Trump presidency. What there is to guess at suggests possible gains for the financial sector, companies leveraged to infrastructure, and healthcare companies, should there be dramatic reform to the Affordable Care Act.
Outlook 2017—How Markets Work
Certain economic concepts have been a source of frustration to investors over the years. The movement of bond prices up or down to bring existing bonds in line with prevailing interest rates would be one example.
China: For Global Investors, It’s All About the Currency
Chinese local interest rates rose substantially late last year, and many bond offerings have been canceled, creating financial strain for some Chinese companies.
Investment Outlook: Echoes from Africa
I traveled once to Africa, as you might have guessed by now, and it's been a part of me ever since. Being perhaps the cradle of civilization, if not life itself, Africa casts an eerie glow over the entire history and, indeed, meaning of existence.
Can Trumponomics Fix What’s Broken?
As you can imagine, I received quite a few comments from readers suggesting that each percentage of tax cuts will lead to surging corporate earnings and economic growth...
How Investors Should Deal With the Overwhelming Problem of Understanding the World Economy
The article is very long. It is long for two reasons: first, it is was originally a two-part article that I folded into one; and second, I am dealing with the very complex topic of investing in today’s global economy. I wrote this article a year ago, and some themes like “be careful of MLPs” are not as relevant anymore, but overall it is still a very useful article for the world we face today.