Global Economic Outlook - July 2017
Treasury Snapshot: 10-Year Yield at 2.22%
Pending Home Sales Slump,Third Consecutive Month
Home Prices Rose 5.5% Year-over-Year NSA in April, Record Levels
A Look at NYSE Margin Debt and the Market
Regional Fed Manufacturing Overview: June Update
Richmond Fed Manufacturing: June Composite Index Improves
Consumer Confidence Increased Moderately in June
Weekly Gasoline Price Update: WTIC Down Fifth Consecutive Week
World Markets Update
Understanding the CFNAI Components
Bob Rodriguez – We are Witnessing the Development of a “Perfect Storm”
Bob Rodriguez, FPA’s now-retired portfolio manager, earned many awards and distinctions during his 33-year career. In this interview, he talks about the role of the Fed in the price-setting mechanism. “When the markets finally do break, as they always have historically, ETFs and index funds will be destabilizing influences,” he says.
Apply for the Focus Group on Active Management
The purpose of this focus group is to gather advisors’ observations on actively managed US equity funds. This focus group will take place as a private APViewpoint conversation.
Advisors who are not part of the focus group will not be able to view this conversation, and advisors who are part of the focus group will not see the responses of the other participants.
If you are selected to participate in this focus group, you will be required to thoughtfully answer a series of questions, at your convenience, over a seven-day period. It will take approximately an hour to answer the questions. At the completion of the seven-day period, Advisor Perspectives will pay you $100, either to your PayPal account or as an Amazon gift card (your choice). Alternatively, you may designate that the $100 be donated to one of four charities: the American Red Cross, the USO, the Foundation for Financial Planning or the Jimmy Fund (a cancer-research organization).
To participate in this focus group, you must meet the following criteria:
- Be an RIA or dual-registered advisor;
- Have at least $250 million in assets under management (AUM);
- Be involved in your firm’s selection of mutual funds for client portfolios;
- Your firm must have at least a 10% allocation to actively managed US equity funds; and
- Not plan to decrease this allocation in the next six months.
Join an On-line Focus Group on Active Management and Earn $100
An anonymous sponsor is looking for 30 advisors to participate in an online focus group to be hosted on APViewpoint. The purpose of this focus group is to gather advisors’ observations on actively managed US equity funds. This focus group will take place as a private APViewpoint conversation.
How to Communicate a Change in Your Investment Philosophy
The Price Firms Pay for Not Having a Career Path
Why it’s So Difficult to Listen
What We Can Learn from Andrew Lo’s Adaptive Markets
The Pension Crisis and the Muni Bond Market
How Trump’s Tax Policies Will Affect Subchapter S Corporations
Challenges in the ESG Environment
Responsible investing is a topic of increasing interest, particularly among certain profiles of investors. Yet, proposed legislative rollbacks on corporate governance and climate change have roused concerns about the impact on environmental, social and governance (ESG) investing.
We believe, however, that investors have many reasons to remain confident and, while it is always hard to predict how changes will ultimately play out, the future of ESG investing continues to look promising for investors. Our latest investment commentary explains why.
Factors boosting the near-term market outlook
Commonwealth’s chief investment officer, Brad McMillan, sees reason for investors to feel bullish, including strong consumer confidence, steady gross domestic product growth, and increased business spending. Prepare your clients for what’s to come with his independent insights in this free article, Not a Bad Place to Be: Market and Economic Forecast for the Second Half of 2017.
Sector Performance During the Summer Months
Portfolio Manager Viewpoint - Credit Markets
The post-U.S. presidential election environment has seen a sharp rally in risk assets and economic optimism. In this note, David Weismiller, portfolio manager for Pacific Asset Management’s investment-grade bond strategies, discusses the market environment and current investment positioning.