Here are our poll results to the question: Which of the following US actively managed funds offers the best prospects for long-term alpha? We will launch topical polls every week, if you have suggestions for future polls please email firstname.lastname@example.org.
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It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were up four and three cents, respectively, from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.27 and Santa Barbara, CA is the most expensive city, averaging $3.32. Texas has the cheapest at $2.25. The WTIC end of day spot price closed at 63.73, a 3.2% increase from this time last week.
All eight indexes on our world watch list have posted gains through the first week of 2018. The top performer is Hong Kong's Hang Seng with a gain of 6.64%, followed by Tokyo's Nikkei 225 with a gain of 5.21%. In third is Shanghai's SSE with 3.91%.
Economists at the NY Federal Reserve Bank introduced a new measure of trend inflation in September 2017, the Underlying Inflation Gauge (UIG), meant to complement the current standard measures. Investors and policymakers alike have an interest in the behavior of inflation over longer time periods.
As we enter 2018, numerous uncertainties are dominating the minds of American citizens and investors. We are happy to weigh in on what we consider to be both un-useful and useful uncertainties as they pertain to long duration ownership of common stocks.
As the new year begins to unfold, the environment for risk assets is still benign: the global economy is strong, monetary policy is accommodative, and volatility is low and steady. At this point, we don’t see excesses developing that could change that.
We've updated this series to include last week's release of the Consumer Price Index as the deflator and the December monthly update. The latest hypothetical real (inflation-adjusted) annual earnings are at $37,687, down 12.7% from 44 years ago.
Yesterday, I noted briefly that I would be “keeping an eye” on how long the good times last in the new year. It was one of those offhand comments that, once you think about it, really requires quite a bit more thought and analysis than at first glance.
Tax reform—or better put, tax cuts—should provide a boost to the economy, but some enthusiasm-curbing is in order regarding the details and timing.