Please Scream Inside Your Heart

    August 05, 2020
    Andrea Coleman, CAIA

    As you may have seen recently, a Japanese amusement park asked patrons to stop screaming on roller coasters in an attempt to contain the spread of COVID-19. For me, I know that would be an impossibility since I scare easily, and so I was impressed when I watched the video of well-dressed riders barely reacting at all. While not an actual roller coaster, the markets have been quite a ride themselves this year with the MSCI World Index seeing a peak to trough drop of -31.82% in Q1, and an aggressive recovery up 38.22% through June 30th.


    Last week we hosted a 2020 Mid-Year Market Review with Blaine Rollins, CFA, author of our popular 361 Weekly Research Briefing. We had several interesting questions come in from attendees so we thought we would use this week’s blog to share Blaine’s responses.


    We recently asked readers of our popular market commentary, the Weekly Research Briefing, to submit market-related questions for author Blaine Rollins, CFA. We had several interesting questions come in so we thought we would use this week’s blog to share some of Blaine’s responses.

  • 4 Blogs to Get You Up to Speed on Long/Short Equity Strategies  

    One of the most puzzling market-related stories to come from COVID-19 is the disconnect between the stock market and the economic numbers. The market would be much, much lower if it weren’t for the Federal Reserve’s actual and promised buying of credit assets (e.g., Treasuries, Investment Grade Bonds, BB junk bonds, auto loans, residential and commercial mortgages, credit card debt, etc). They have provided a floor to the markets that help companies raise money by selling bonds and to keep the foreclosure and repo man away from all the personal assets of people who just lost their jobs.

  • Breaking Bad  

    The Betas They Are A-Changin’…

    May 06, 2020
    Harindra de Silva, CFA, Ph.D., and the Analytic Investors Team,
    Guest Contributors

    The beta of a stock or portfolio is a widely used measure of risk—capturing the sensitivity of the security to “market wide movements.” Regardless of the source of the movement of the market, this measure captures what the market and the security have in common. A security that has low beta is described as having low sensitivity to the market and vice versa.