Street Savvy

For global risk markets though, the painful memories of 2015’s devaluation are still vivid. While such a move would not meaningfully impact the global economy in the medium-term, in the short-term it would create a perfect focal point for fear...

We are in this camp. The intent is to reinvest the proceeds either during a broad-market correction – perhaps during the traditionally volatile September / October period – or idiosyncratically if/when wish-list equities are affected by stock...

All of which leads to the question of how best to position for a market where numbers continue to improve (fundamentals), but perception may start to deteriorate (valuation).

At first glance, this list looks like what you would expect a good portfolio manager to always be doing. In fact, it is very different – good managers generally form their theses, and then constantly use new developments and market feedback to...

The combination of economic growth and tax reform has led to large, projected earnings increases for 2018, as evidenced in the current 5-point gap between trailing 12-month and forward 12-month P/E multiples on the S&P 500...

I suspect that Thursday’s trade war talk will only intensify the focus on rising interest rates through the Spring. The President’s steel and aluminum tariff announcement follows a familiar pattern...

The main event from these past two weeks is the rapid, 10% drop in equity markets. The recovery proved to be equally rapid, with almost all of the losses now erased. The key takeaway was...

All of this implies that it is a good time to be very focused on your wish-list of investments. Correlations generally increase sharply during market corrections, resulting in good companies getting sold off together with the bad – with a bit of...