The pandemic drove up debt, and higher interest rates are adding to the burden.
We had been bullish on stocks all the way back to March 2009, when mark-to market accounting was fixed and the Financial Panic started to recede
The world will be going from an era of zero rates and loose monetary policy to higher rates and likely slower growth, except in certain sectors. Adjusting to this change will be both problematic and also full of potential opportunities.
Portfolio Manager John Paul Lech explains why investors in emerging markets should go upstream in order to leverage the long-term power of the EV sector.
Precious metals markets are trying to tough this week despite another large rate hike by the Federal Reserve.
Inflation is top of mind for consumers and market participants. In the United States, many are questioning whether student loan forgiveness will make inflation worse, and if the recently passed “Inflation Reduction Act” will offer relief.
Review the latest Weekly Headings by CIO Larry Adam.
We are now in another downswing in the ongoing bear market.
Corporate profit margins finished 1999 at just a shade under 6% of U.S. GDP.
Warren Buffett famously described the stock market as “a device to transfer money from the impatient to the patient.”
Asset bubbles have been prevalent throughout history.
Balancing acts. As the Fed walks the line between curbing inflation and averting recession, anxious investors are seeking to balance the two risks. Amid the uncertainty, we believe stock selection matters more.
With interest rates on the rise, the once red-hot US housing market is finally showing signs of cooling.
Let’s face it, the last three years have been challenging for investors. The global pandemic has had a domino effect on so many aspects of our lives.
U.S. stocks are moving higher in pre-market trading, following yesterday's third-straight 75-basis point rate hike from the Fed.
The Federal Reserve released new economic projections suggesting interest rate hikes will be faster and larger than previously forecast.
Federal Reserve Chairman Powell delivered another forceful message to markets that an early pivot back to rate cuts will not happen until inflation is under control.
The Federal Reserve once again voted unanimously to raise rates by three-quarters of a percentage point - 75 basis points (bps) - today, bringing the target for the federal funds rate to 3.00 – 3.25%, and signaled expectations for continued hikes ahead.
After a lower-than-expected July inflation print led many investors to rejoice at the prospect of inflation having peaked, the recent August print showed that consumer prices continued to rise year over year – albeit more slowly than prior months.
When it comes to investing in stocks, I believe that intelligent investing implies investing for specific objectives or needs.
In a time of uncertainty, we believe that quality is the key to investing in equities.
Generating investment income is challenging, especially in the low-yield environment we have been living with for the past decade.
Innovation was the market darling thematic for many years leading up to COVID.
Portfolio Manager Michael Oh, CFA, says attractively valued companies are growing in Asia unfettered by inflationary headwinds.
U.S. stocks are declining in pre-market trading as the markets await the Fed’s highly anticipated monetary policy decision tomorrow.
Despite widespread use in institutional portfolios, alternative investments are not typically found in US defined contribution plans.
FedEx (FDX) preannounced an earnings shortfall and the stock price is down more than 20%.
Most pundits and thinkers are wrong about the relationship between interest rate hikes and bond prices.
The Biden administration is working on plans to herd the public into digital currency controlled by the Federal Reserve.
As the Federal Reserve raises rates in an effort to stifle inflation, what are the implications for US mortgage holders?
As surging natural gas prices stoke inflation throughout Europe, policymakers are responding to both reduce the economic damage of high energy prices and clamp down on blistering inflation rates.
Despite August’s disappointing inflation numbers, the US economy is uniquely equipped to mitigate and overcome the current price surge, owing to its relative energy and food independence, abundance of immigrant labor, strong production capacity, and the capital needed to boost domestic manufacturing.
We know many people think we are beating a dead horse, but this horse is far from dead.
Investors are running scared.
Recently, the Biden Administration started taking victory laps on deficit reduction.
After more than 40 years of work in the financial markets, studying all the data I could get my hands on, I’ve found it to be universally true that those who argue “history doesn’t matter” have never actually studied history.
Populations are aging, and the economic consequences will be substantial.
Remember when inflation was going to be transitory? Good times. I was in that camp myself early on, as were some serious analysts I greatly respect (and still do). Then the data began to show core inflation would be stickier than expected, and I turned in my Team Transitory T-shirt. I appreciate people who admit their mistakes. We all make them.
After countless delays, the Ethereum “Merge” finally took place this week, switching the blockchain protocol from proof-of-work (PoW) to proof-of-stake (PoS).
We’re currently finding the most compelling opportunities within three countries—Canada, the United Kingdom and Japan.
Since our last note for Advisor Perspectives, we have seen some more stock market volatility.
The S&P 500 had its worst day since March 2020, but don't lose sight of the bigger picture, said Larry Adam, chief investment officer at Raymond James.
We believe short-dated bonds can offer attractive yields, flexibility, and a means to proceed cautiously as central banks continue to raise interest rates.
The Northern Trust Economics team shares its outlook for growth, inflation and interest rates.
Over the years, I’ve explained at length why I’m not interested in forecasts, but I’ve never devoted a memo to explaining why making helpful macro forecasts is so difficult. So here it is.
Dividends and dividend-paying stocks are getting renewed attention in recent months.
Jim Pass, head of project finance for Guggenheim Investments, and Kate Newman from the World Wildlife Fund talk about the most recent research collaboration between Guggenheim and WWF, a survey of infrastructure investors and developers.
We more than doubled our portfolios’ duration in a single day this summer.
Using our proprietary point-and-figure-based charting system, I review a couple thousand charts per week in an attempt to identify interesting buy or sale candidates.
