The Mutual Funds Channel

Stealth Bull Market?

On CNBC last Friday, we stated that we have been in a stealth bull market. Indeed, after anticipating the stock market’s bottom in early February, the stealth bull market emerged.

The Jim Carrey Parable

Today’s popular stocks have literally overwhelmed the stock market in the last four years and six months. To understand today’s financial euphoria, we will analyze three terrific movies made by the actor, Jim Carrey. In Liar Liar, The Truman Show and in Bruce Almighty, we learn morals which we believe should guide us in the long-duration investment process.

What You Get if you Cross Buffett, Branson and Jobs

Jobs, Branson, Buffett – it is rare for somebody to embody strengths of each of these business giants. Masayoshi Son, the Korean-Japanese, University of California, Berkeley-educated founder of one of Japan’s most successful companies, SoftBank Group, is a candidate.

Insights from Vanguard on the future of low-cost active management

Having launched its first active ETFs—a suite of low-cost, factor-based funds—Vanguard shares thoughts on the past, present, and future of active management.

ECRI Weekly Leading Index Update

This morning's release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 148.5, up 1.1 from the previous week. Year-over-year the four-week moving average of the indicator is now at 3.41%, down from 3.57% last week. The WLI Growth indicator is now at 1.5, also down from the previous week.

Disrupted Retirement: Is the US Facing a Crisis?

On our latest “Talking Markets” podcast, we listen in on a panel of experts discussing the potential US retirement crisis and the fear factors surrounding retirement disruption.

Munis and the Markets, June 2018

A brief monthly update on what's happening in the municipal bond market.

The Size Effect is Not Dead

How a fund defines its universe of small stocks eligible for purchase will make a significant difference in performance.

Midyear Outlook 2018: The Plot Thickens

Given that we are in the later stages of this economic cycle, with factors such as increased trade tensions and geopolitical uncertainty at play, we do expect greater volatility may be ahead. But it’s important to remember that experiencing these ups and downs is a normal aspect of our market environment.

Factors + Alpha + Index

Yesterday’s alpha has been unbundled into market capitalization index, factors and alpha-seeking investments. What does this mean for investors? Is active dead? Of course not! But factors can enhance traditional portfolios by considering a third dimension of return.

Robo-Advisors are not Robo-Planners. Yet.

There are large swaths of the financial planning landscape that can – and should – be both automated and integrated in such a way to which robo advisors aspire, but do not yet currently deliver.

Why Should Investors Consider Alternatives?

Alternative investments (alts) were first embraced by institutions, and some people still view them as a complex solution for complex needs. However, a growing number of alternative strategies are now available via mutual funds.

Emerging Markets Rise, Fall, Repeat

Emerging market stocks are trading near bear market territory, but that’s par for the course for longer-run, rising returns.

Wall Street’s Foolish War on Passive Investing

Wall Street has ridiculed passive investing for decades. The reason is obvious: Its profits – and for many firms, their very survival – are at stake. The basic argument is that the popularity of indexing (and the broader category of passive investing) is distorting prices as fewer shares are traded by investors performing the act of “price discovery.” Let’s examine the validity of such claims.

At the Risk of Repeating Myself

Clearly the stock market’s “internals” are pretty perky with the NYSE Advance/Decline Line continuing to point the way higher, and in the process made yet another new all-time high last week.