Value continues to look cheap, however predicting when it will begin to outperform is challenging. Russ suggests one potential catalyst: an unexpected acceleration in nominal economic growth.
Rieder and Brownback argue that as we depart the era of QE, where rising tides lifted all boats, the income component of total return becomes ever more vital to investor prospects.
Russ describes the signs that gold, notoriously difficult to assess, is starting to look cheap.
As Russ explains the key to asset returns in the first half of 2018 was the dollar, not interest rates.
Russ discusses why the energy sector still looks attractive, despite having struggled recently.
Russ discusses why economic conditions (for now) support low volatility in the markets.
Russ discusses why tech stocks are not only not in a bubble, but reasonably valued.
Rieder and Brownback argue that today’s investment environment, like a well-fought chess match, holds great complexity; understanding it is vital for investors.
Russ explains why gold is not working as an effective equity hedge, despite higher volatility.
Is the era of easy financial conditions over? Not yet, says Russ.