Bob was in Philadelphia this weekend to attend the wedding of Anna Vresilovic.
New research shows that the significant outperformance of ESG-driven investing over the last decade was due to a sharp increase in concern among investors for climate-related issues. Whether that outperformance continues will depend on even more heightened concerns over the environment.
Incorporating a wide variety of portfolio risk mitigation techniques is essential to address unforeseeable macroeconomic challenges.
An allegation has been floated recently that inflation has been exacerbated by corporate greed. A neologism has even been coined for it, “greedflation.” The claim has been backed up by anecdotal and empirical data and it has been rebutted by anecdotal and empirical data. I will not try to answer the question of whether this allegation is true, but how its truth should be determined.
Before I begin, please note: I am not a pessimist. I am not short the market, and I think the world is far more likely to muddle through than to fall apart. Nonetheless, I now believe the future will be far more irresponsible and stupid than I once did.
If I had a time machine, 1972 isn’t the destination I would choose for Britain — not with so much inflation, strike action and strife just around the corner.
The global surge in the cost of fuel is starting to weigh on demand, according to the world’s biggest independent oil trader.
All told, the world’s 500 richest people lost $1.4 trillion in the first half of 2022, a dizzying decline that marks the steepest six-month drop ever for the global billionaire class.
The turn in the US housing market has been sharp and swift.
Treasuries began the second half of the year on the front foot Friday as concerns continued to mount that Federal Reserve rate hikes will lead to a recession.
To state the obvious, it has been a good time to be short the market. But the success of bearish traders in 2022 goes beyond luck.
The first half of 2022 brought a brutal selloff to emerging markets, but also fueled hope for the second half: stocks, bonds and currencies have begun to outperform their peers in the US.
Things can only get better for the $4 trillion muni market in the second half of the year, according to Wall Street strategists.
After attracting crypto firms, property investors and Russian billionaires, Dubai is drawing a new crowd: hedge fund managers.
As mass layoffs start to make headlines and recession chatter gets louder, there is a lot that traditionally employed folks can learn from freelancers to defend their finances amid anxiety about a downturn.
No doubt about it, this has been a very challenging market environment to navigate, and we look to be in for more of the same. The Fed will continue to tighten monetary policy, and the longer the conflict in Ukraine persists, the longer we’ll likely feel the pressure from elevated gas prices.
Let’s start with a basic question. If you have unused property—cash or anything else—why would you lend it to another party?
The S&P 500 declined four out of five days this week, ending Friday higher than all but Monday's close. The index is down 19.7% YTD and is 20.25% below its record close - that makes four consecutive "bear" days and twelve of the last 19.
Quick take: Based on the June S&P 500 average of daily closes, the Crestmont P/E is 124% above its arithmetic mean and at the 98th percentile of this fourteen-plus-decade monthly metric.
Here's the latest on the largest cryptocurrencies by market share.
Inflation, China, Russia, Central Banks, Labor, Recession: It's been quite a year thus far.
It took me a long, long time to write The End of Indexing.
Global risk assets were at the epicenter of a selling spree Friday as investors kicked off the second half of the year with recession concern front and center.
In an inflation-lashed world where bonds are posting record losses, Wall Street issuers are betting investors hungry for income will instead lavish their millions on ETFs that ride stocks in order to deliver payouts.
Airbus SE won one of its biggest-ever orders for 292 airliners worth more than $37 billion from four Chinese airlines, a coup for the European manufacturer as it tussles with Boeing Co. for dominance in Asia’s largest economy.
The strained global wheat market is entering crunch time.
This morning's release of the publicly available data from ECRI puts the WLI at 149.3, down 1.5 from the previous week's figure. The WLIg is at -6.7, down from last week and the WLI YoY is at -4.58%, also down from last week.
There may be signs the overheated housing market is cooling, but many buyers still feel like it’s near-impossible to get a house without an all-cash offer, or something close to it.
Investors cut holdings in exchange-traded funds for silver, platinum and palladium in the second quarter on fears that a potential recession will reduce industrial demand, but gold assets held up because of its role as a haven, and that may persist.
Meta Platforms Inc. is slashing its hiring goals for engineers by at least 30% this year and warned all staff to brace for a severe economic downturn.
“HODL,” an original misspelling taken on as a badge of courage by cryptocurrency investors, spread to “Meme stocks” during the runup in 2020 and 2021.
How quickly the narrative has shifted back and forth in the money and bond markets.
This morning the Institute for Supply Management published its monthly Manufacturing Report for June. The latest headline Purchasing Managers Index (PMI) was 53.0, a decrease of 3.1 from 56.1 the previous month and in expansion territory. Today's headline number was below the Investing.com forecast of 54.9.
The June US Manufacturing Purchasing Managers' Index conducted by Markit came in at 52.7, down 4.3 from the final May figure. Markit's Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction.
Valid until the market close on July 29, 2022.
The S&P 500 closed June with a monthly loss of 8.39% after a micro-fractional gain of 0.01% in May. At this point, after close on the last day of the month, four of five S&P 500 strategies are signaling "cash" — Vanguard REIT Index ETF (VNQ), iShares Barclays 7-10 Year Treasury (IEF) and Vanguard All-World Index ex-US ETF (VEU), and Vanguard Total Stock Market ETF (VTI) — unchanged from last month's quadruple "cash" signal.
As of June 27, the price of Regular and Premium were down 9 and 7 cents each, respectively, from the previous week. According to GasBuddy.com, California has the highest average price for Regular at $6.27 and South Carolina has the cheapest at $4.32. The WTIC end-of-day spot price closed at 119.57 and is mostly unchanged from last week.
In the light of multiple discussions raised in AP community about strategies that help investors through market downturns, we would like to share a perspective on advantages of an active asset management approach or so-called actively traded hedge-fund strategy based on the example of a classic long-short US equity strategy.
The crypto investing front has taken another barrage of body blows, pushing Bitcoin to test the $19,000 per coin level once again.
With consumer behavior under a magnifying glass, Portfolio Manager Jennifer Thomas, shares her assessment of the US consumer.
Last Thursday, Elizabeth Warren expressed skepticism about the Fed tightening monetary policy, saying it would make people poor.
The black hole is the empty space where they haven’t committed to move forward, and you’re forced to chase them to find out where they stand.
Advisors seek to be incomparable, or better than the competition. But this marketing tactic creates a neck-and-neck race that they can’t win. Instead of being incomparable, choose to be uncomparable.
There is ample reason to worry that major economies like the United States are heading for a recession, accompanied by cascading financial turmoil.
The Northern Trust Economics team shares its outlook for key markets in the month ahead.
With the release of this morning's report on May's Personal Incomes and Outlays, we can now take a closer look at "Real" Disposable Personal Income Per Capita. At two decimal places, the nominal .051% month-over-month change in disposable income is cut to -0.08% when we adjust for inflation. This is a decrease from last month's 0.45% nominal and a decrease from the 0.21% real change. The year-over-year metrics are 2.5% nominal and -3.61% real.
Personal Income (excluding Transfer Receipts) in May rose 0.69% and is up 8.3% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, Real Personal Income (excluding Transfer Receipts) MoM was up 0.10%. The real number is up 1.8% year-over-year.
Base metals headed for the worst quarterly slump since the 2008 global financial crisis as China’s economy recovered only gradually and fears of a world recession intensified.
Amazon.com Inc. is nearing a deal to broadcast Europe’s top football tournament in the UK for the first time, according to people familiar with the matter, as the tech giant pushes deeper into sports.
Bitcoin is on track for its worst quarter in more than a decade, as hawkish central banks and a string of high-profile crypto blowups hammer sentiment.
US President Joe Biden said Americans will have to stomach high gas prices “as long as it takes” to beat back Russian President Vladimir Putin’s invasion of Ukraine.
