Weekly Research Briefing:
That was a Terrible Weekend...June 1, 2020
While the death of George Floyd is horrific and the injuries and damage surrounding the weekend’s protests are heartbreaking, the markets’ subdued reaction to the widespread social unrest in the big cities is telling. If the markets thought that current social unrest would spiral out of control into a summer of violence, then the markets would be in a full retreat right now.READ NOW >
The New Core Allocation:
With uncertain equity markets, the potential for subdued-to-negative economic growth looming, and 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.READ NOW >
Defining Alpha...It's Skill Not Excess Return
Alpha may be a common investment term, but it remains commonly misunderstood. Market observers often define alpha simply as a fund’s outperformance relative to a benchmark. This misconception is not only incorrect, but ignores what alpha truly identifies: manager skill.