Weekly Research Briefing:
Cracks Forming...August 12, 2019
The September 1st tariffs on the rest of China’s imports are looming large and causing the U.S. Economy to slow down further. The big move in the U.S. Treasury market is confirming this fact. If the tariffs are implemented, the ball will then fall into the Fed’s court to try save the U.S. from entering a recession.READ NOW >
Wall Street Mood MonitorSecond Quarter 2019
Businesses delivered another quarter of strong earnings results but the mood on Wall Street remains glum; In June, analysts revised earnings estimates downward at the highest rate in more than three years.
Tapping Investor Behavior to Source Alpha
Behavioral biases influence even the most expert investors, and often create a predictable pattern of how future company expectations could evolve.
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.
The New Core Allocation:
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.