Commentaries

Timely market commentaries from leading investment firms

Household Debt Hits New Record High, Stocks Stumble

The Federal Reserve Bank of New York reported last week that US household debt reached a new all-time high in the 1Q of this year. The new report also included some troubling internal metrics, not only on the overall household debt levels but also with regard to the level of delinquencies.

Demystifying the Amazon Valuation Dilemma

Amazon: the Valuation Dark Side It is no secret that Amazon (AMZN) has been a disruptive force, especially relating to the retail sector. On the other hand, the company is also an enigma to the value focused fundamental investor such as yours truly.

Fed Minutes: Cap and Trade

The minutes of the May Federal Open Market Committee (FOMC) meeting, released Wednesday, provided (as expected) more information on the committee’s thinking about how and when to start the policy of normalizing the size of the Federal Reserve’s balance sheet.

US Equity Correction? Prepare, Don’t Panic

Political noise emanating from Washington has prompted fresh concerns that a US equity market correction may be looming. But have no fear: the market often takes a leg down, only to bounce back quickly.

Here’s Why I Think Renewable Energy Is Finally Living up to Hype

Global markets have steadily been adding renewables such as wind and solar to their energy mix for several years now, but according to a handful of new reports, 2016 might have been the tipping point.

Brazil’s Political Bumps

Just when Brazil’s economy seemed to be turning a corner, a new political scandal has caused a strong market reaction, sending Brazil’s stock market into a tailspin. President Michel Temer, who came into office following the impeachment of former President Dilma Rouseff due to a corruption scandal, is now caught up in a corruption scandal of his own

Doing the Math: How Many 529 Plans Do You Need for Your Family?

What to consider when saving for multiple children’s college educations.

Volatility Is Low—But Not As Low As You Think

Stock market volatility is unusually low these days. Does that mean investors are complacent? We don’t think so. In fact, some risk indicators suggest market participants may be less relaxed than they seem.

Three Geopolitical Shifts to Watch this Summer, a Q&A with Peter Zeihan: Part 2

We met with Geopolitical Strategist Peter Zeihan for a quarterly update right before the French presidential elections. In addition to calling Macron’s win, Peter outlined the three most important geopolitical shifts for US financial advisors to watch in the coming months.

The Forecast for Interest Rates is Changing

Is it time to add convertible bonds?

Mean Reversion Strategy: Bet Against It at Your Peril

Russell Investments’ Chief Investment Strategist, Erik Ristuben explores the importance and power of mean reversion in this latest post.

April 2017 Market Commentary

“It was the best of times, it was the worst of times…” to borrow a phrase from Dickens’, Tale of Two Cities. As 2016 came to a close it seemed truly the best of times for many. Following the US election, there was renewed hope and optimism for growth initiatives, as well as public policies, which generated a sense of certainty and euphoria about the future.

For the UK, Is the Real Risk Above- or Below-Target Inflation?

In its recent quarterly inflation report, the Bank of England gave the market some fascinating insights into the challenges it will face in setting appropriate monetary policy over the coming years.

Rethinking the Next China

Once an adapter to globalization, China is increasingly a driver of it. The Next China is becoming a Global China, upping the ante on its connection to an increasingly integrated world – and creating a new set of risks and opportunities.

No More Earnings on the Cheap?

Why companies may no longer be able to rely on reduced capital expenditures to boost profit margins.