As the globe enters the waning months of 2021, concerns over inflation, the delta variant of COVID-19 and the unwinding of easy-money policies loom large for markets. Despite this, we believe that the business cycle is still in a recovery phase, although it’s maturing. We expect more cyclical upside for economic growth outside the U.S. in the months ahead, allowing market leadership to rotate toward the rest of the world.
When AC Milan host Atletico de Madrid in the Champions League on Tuesday evening, it will be a clash between Italy’s most successful team in Europe’s elite soccer competition and last year’s Spanish title winner.
The value rebound that started in September 2020 gave up nearly half its gains by mid-May 2021 as the recovery faltered with the onslaught of the highly contagious Delta variant. But vaccination has proven highly effective, and as the unvaccinated around the world become vaccinated, the prospect of a reinvigorated economy is good. Is now a second chance to rebalance into value stocks?
After languishing at historical lows for the better part of the last decade, uranium suddenly came back from the dead.
Let us share some of the “bizarre red-blue lights flashing” in the S&P 500 Index.
I am constantly being asked to provide a list of high-quality consistent dividend growth stocks. Consequently, I conducted a search and came up with 40 dividend growth stocks that I feel are worthy of further research and due diligence. These companies have consistent long-term operating history and solid prospects for future growth.
Having counseled numerous clients through the retirement process, I realized there was a missing piece – purpose! To be happy, retirees need something meaningful to wake up for every day. Here are some resources – paid and unpaid – to let them do that.
Today we’ll take another walk through the inflation debate. Is it still transitory or should we expect a light-1970s inflation going forward? The answer is critically important.
We don’t disagree the S&P 500 could well hit a target of 5000. But, let us be honest about the reasons why...
Is it common for advisors with employees returning to the office to get requests like, “Can I get gas paid for?
It’s unfortunate but true: Influential Republican politicians are playing another round of political chicken that could easily lead to a damaging brush with default on the national debt.
Value has its day in the sun. But are investors learning the right lessons from it?
On the latest edition of Market Week in Review, Senior Portfolio Manager Megan Roach and Julie Zhang, head of North America sales enablement and analytics, discussed the latest data on U.S. jobs and wages, recent central bank actions and the state of the global economic recovery.
Today I’m going to look at several possible futures. There are forces at work in both Congress and the Federal Reserve that could take us down radically different paths. There are also changes in the Zeitgeist, the way we act and think both in and as a society, that are going to have major impacts.
There are vast inconsistencies between the stated climate objectives of money managers and “the reality of their investments.”
When American Campus Communities Inc. announced the signing of a $1 billion sustainability-linked credit line in May, its executives decided to take a victory lap.
We believe global growth in 2021 will remain strong, though a grand global reopening looks increasingly unlikely. The spread of the COVID-19 delta variant may limit a return to normalcy and full employment. We believe the next few months will be critical for determining the economic trajectory in 2022. Read on for a visual snapshot of our GDP growth expectations around the globe.
Household savings and central bank policies have reduced the need for credit.
LinkedIn is not for everyone, but if you’re in the camp that loves it, listen up. If you don’t love LinkedIn, let me convince you to take a second stab at it.
Wall Street’s vow last year to fight racism kicked off a parade of pledges, few more specific than plans to support historically Black colleges and universities.
Business travel as we’ve known it is a thing of the past.
The labeled bond market has seen explosive growth in issuance over the past two years.
For the third year in a row, the top 50 hedge fund managers, relying on a variety of strategies, generated net returns comparable to the S&P 500 with significantly less risk and performance that was largely independent of the market. Hedged equity, multistrategy, and global macro funds led the way with more than half the funds in the top 50 managing less than $1 billion.
Mankind has constantly reimagined what can be wagered on and where that betting takes place. We are in the early stages of one such reimagining – betting online.
You’ve probably heard of Ron Baron, founder of Baron Funds which has grown to a stable of not just mutual funds but a variety of private investments and Ron’s own capital—something like $50 billion in total. We were thrilled to have him on the SIC virtual stage, where my good friend David Bahnsen ably interviewed him. I’ll give you some extensive quotes from that session’s transcript, interspersed with comments from me.
So many headlines right now are instilling FUD in investors’ minds, which stands for Fear, Uncertainty and Doubt—from the Afghanistan news to fears on cryptocurrency and the delta variant disrupting travel plans. But don’t fall for it.
New research shows that Western countries, which have tighter regulations, have forced companies to move their pollution-related activities to other domiciles. That can be good news for ESG based investors, who reward those companies with a lower cost of capital.
The next market correction will inflict its worst damage on crypto and meme investors, but those saving for retirement in a diversified, disciplined manner will suffer alongside them.
What we’ve seen this year is an exceptionally high rate of earnings growth across markets, but that’s not going to persist.
Key drivers behind the recent selloff in SPACs, and the market outlook going forward.
I will share the five most important take-aways I’ve learned from advisors during this virtual experience.
I frequently get calls from advisors with this request: “How do I make the phone ring?”
In 1905, the first gas pump appeared in St. Louis, Missouri, to meet the fueling demands of a rapidly growing number of motorists.
In our baseline forecast, the recent decline in U.S. Treasury yields will reverse somewhat, as some of the near-term factors pressuring yields lower ebb.
With global growth rebounding amid uncertainties over inflation and COVID-19 variants, investors may want to consider a somewhat more cautious and flexible approach when seeking a consistent yield.
You may not be familiar with the term metaverse, but if you’ve been a consumer of popular books, movies and video games over the past 30 years or so, you probably are aware of the concept.
Howard Marks doesn’t make bets on economic predictions. That’s especially true now when the biggest wildcard is inflation – a phenomenon no one fully understands. But just because something is unknowable doesn’t mean it’s unimportant. That’s why Howard has devoted his latest memo to a topic he largely disavows: macro forecasting.
Tweedy Browne is one of the most respected value managers in the world, with a legacy that includes having Benjamin Graham and Warren Buffett as clients. In this interview, members of its investment committee explain why value investing is on the cusp of a resurgence.
Let me be very clear. I believe the Federal Reserve has already made a significant policy error that can lead directly to recession. An accompanying fiscal policy error by the US Congress could compound the Fed’s error, although that remains to be seen, as it is not clear what will pass Congress.
JPMorgan Chase & Co. is planning to more than double the advisers in its traditional broker business as the Wall Street giant plots an expansion in wealth management amid intensifying competition for rich clients.
What exactly is “transitory?”
The worst is behind us, and over the next two years the global economy will continue to experience a strong economic recovery.
What can we take from the pandemic and adopt strategically to create the optimal client experience?
Delta has the potential to alter the path of recovery; central banks are rising to face heavy challenges; and U.S. states have survived a major stress event.
In 2010, 68% of the companies in Fortune Magazine’s Global 500 were domiciled in Group of Seven (G7) countries, compared with 17% in the E20* emerging-market (EM) countries.
Revolut Ltd. raised $800 million from investors including SoftBank Group Corp.’s Vision Fund 2 and Tiger Global Management at a $33 billion valuation, the latest sign of investor demand for fintechs.
The Value vs. Growth reversal, which started in earnest in the late Fall of 2020, generated exciting returns for many of our portfolios through May.
My concern is that 90% of our clients who are very happy with our relationship are not referring. We want to implement an initiative to grab the attention of these clients and help them help us grow.
This is the story of how Chicago evolved from a wilderness outpost of 350 residents in 1833 to the global capital of derivatives trading.
The financial stress from starting a new advisory firm is no joke, and it sets up outcomes that are potentially disastrous for everyone involved. Here are six ideas for how to start an RIA firm today without living in poverty and having to eat cat food.
