Tag Archives: Volatility

How to Potentially Enhance Equity Performance in a Climate of Uncertainty

As challenging as the investment landscape has been, we expect it to be even more so going forward. Global growth is slow, and the returns we have seen in recent years have been pulled forward by quantitative easing and the low interest-rate environment. Over the next ten years, returns are likely to be lower across […]
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REITs vs. Your Home

Many people don’t have an investment allocation to real estate investment trusts (“REITs”) because they believe they already have “enough” exposure to “real estate” through ownership of their home. REITs and your home are very different asset classes with very different characteristics. REITs invest primarily in commercial real estate, which is any non-residential property used […]
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Managed Futures Post Brexit

Fear Is Not An Investment Decision

A Flat Market Year-to-date

If one was fortunate enough to avoid the noise of the first three months of the year, one could point to a flat equity market for the year-to-date (YTD) with the 10-year treasury yield declining from 2.24% to 1.91% as the yield curve flattened. Most were not fortunate enough to avoid the noise and the […]
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Markets are Macro Right Now, but the Details Don’t Support Those Bets

Just a few observations: Volatility I was waiting for the numbers this morning. As one can see, the US consumer seems to be doing just fine. They are actually buying real goods and services, taking advantage of increased income, transportation costs are down, and there is a generally okay outlook. I think we are seeing […]
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Do recent events create opportunities in high yield?

Employment, China and Other Fed Funds Factors—Redux

September or October or next year Employment Numbers below Consensus, but…  The first seasonally-adjusted employment number for August was well below consensus at 173,000, and well below where we would expect the revised numbers to end up for the month. On the positive side, the unemployment rate declined to 5.1%. Hourly wages are up 2.2% […]
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Our survey shows the role of alternatives in portfolios is likely to increase—But the language needs to change.

We asked Prosek Partners to conduct a survey of a random selection of attendees at our SIC15 held in May. The topic, of course, was the Role of Alternatives in Future Portfolios. 124 of the 649 attendees were asked a series of questions regarding their use of alternatives and some of the issues affecting their decision […]
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Employment Numbers Surprise Almost No One; Alter No Fed Expectations, But…

Are we entering a longer growth, but lower return environment? The Numbers April employment numbers of 223,000 jobs added dropped the unemployment rate to 5.4%. March numbers were revised lower to 85,000 jobs vs. the 126,000 previously reported. Wages rose quite modestly month-over-month. This report provided a sigh of relief for the bulls on both […]
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