Small Cap Surge Continues
…stocks in the past few days is a good reminder that upside surprises also happen. I forgot to label the chart above, but the orange line reflects the price performance…
…stocks in the past few days is a good reminder that upside surprises also happen. I forgot to label the chart above, but the orange line reflects the price performance…
…spades since the election; but other elements include a stronger dollar and some commodity prices, such as copper. Additionally, if bond prices are falling, which means that interest rates are…
…any dreams of our forefathers. You need not be an economist to understand how well our system has worked. Just look around you. See the 75 million owner-occupied homes, the…
…to banks during panics and times of a liquidity crisis. The legislation provided for a system that includes a number of regional banks and a seven-member governing board. The seven…
…Trump administration might bring faster economic growth through a combination of tax cuts, deregulation and fiscal policy. For years, I’ve heard that yields are finally heading higher and, as you…
…similar results to Dave’s previous work, but seeing the attribution can help deepen our understanding of how our portfolios operate. In order to properly assess the contribution to risk, I…
…cycle and the monetary response, this actually makes a lot of sense. Both inverted curves and steep curves typically occur around inflection points. As the Fed drives up short term…
…500 up over 20 percent and volatility at record lows, it made me wonder what a move into euphoria might look like. More specifically, I wondered what it would take…
…10-year breakeven rate between Treasury Inflation Protected Securities (TIPS), which suggest that the bond market believes that inflation will remain around two percent a year for the next decade. But…
…percent, they bounced around for about 20 days before starting to rally and working off their losses. In both of the previous cases, all of the losses were earned back…