Category: Viewpoints

Risque On!

April 24, 2017 The French President semi-finals were over the weekend and the vote went about as positive as they could have for the markets. While LePen won the first round, it is unlikely that she will be able to gather enough support to upset Macron in the final tour. As a result, the European… Read more »


April 17, 2017 (April 9, 2017 | The aircraft carrier USS Carl Vinson (CVN 70) transits the South China Sea while conducting flight operations) While the world’s superpowers reposition their military strength toward the borders of North Korea, the financial markets look to be following closely in their wake and reordering their asset weighting toward… Read more »

Going Nowhere Fast…

April 10, 2017 If you thought surprise air strikes in Syria, a “nuclear option” in the U.S. Senate, and Fed talk of shrinking the U.S. balance sheet in 2017 would be enough to get a 1% move in the market, then you were wrong. The S&P 500 remains stuck in the mud no matter what… Read more »

The Long/Short Advantage

DOWNLOAD PDF > Long/Short Equity is by far the largest of the single strategy alternative mutual fund categories tracked by Morningstar. Why? Investment flexibility and the potential to dampen portfolio volatility are among the top reasons. In times of market uncertainty and dwindling returns from traditional asset classes, investors are looking to long/short equity strategies… Read more »

The New Core Allocation:
Long/Short Equity

DOWNLOAD PDF > With equity valuations at elevated levels, subdued economic growth due to changing demographics and stubbornly low productivity gains, as well as a bleak outlook for fixed income, advisors are challenged to rethink foundational portfolio elements of investor portfolios—which means seeking out strategies that bolster the core going forward. In investing, the “core”… Read more »

The Math of a Big Loss

DOWNLOAD PDF > Too many investors fail to realize that it’s not only about the loss of monetary resources, but also the loss of time in which to make them back. An investment portfolio subject to market returns would therefore be negatively impacted, and the potential outsized effect could come as a shock. For example: A… Read more »

Three Reasons Small Caps Should be Part of Your Equity Allocation

DOWNLOAD PDF > Investors are currently faced with a troubling dilemma: U.S. equities are expensive on most measures, but equity exposure continues to be rewarding and the opportunity cost of being left behind is non-trivial. We advocate for an approach that both acknowledges the increasing risk in the equity markets and that simultaneously seeks advantage… Read more »

Bogged Down…

March 20, 2017 Please note there will be no Weekly Research Briefing 3/27/2017 I know that I am not the only one feeling it. You can see the increasing risk in the markets and uglier action on the tape. Credit is seeing selling even as recession fears are distant. Bank stocks are rolling over even… Read more »

March Madness

March 13, 2017 How is your bracket doing? Before the ACA Repeal and Replace plan hit the court last week, it already looked like its odds of passage were longer than Mount St. Mary’s chance to win the Men’s NCAA Basketball Tournament on April 3rd. We all know that this is just the first pass… Read more »