We read a lot of content day-in and day-out on markets, performance, relative value across sectors, Fed policy, credit performance in fixed income, inflationary trends, etc. Watching Bloomberg News for their pre-market…
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Looking at the performance of an overall portfolio, we analyze the holdings in the portfolio to understand what drives returns. Varying forces can explain return differentials…
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The well-known neo-Keynesian economist Arthur M. Okun, who served as the chairman of the Council of Economic Advisers between 1968 and 1969, wrote a piece for the Brookings…
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It was another month of divergent returns across sectors of the Equity markets. ETFs with a focus on US and International Developed (“DM”) Small-cap…
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April saw all sectors of the Equity markets in positive territory, adding to what had already been a solid first-quarter performance. And for the first time in the last six…
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MSCI, which we reference for their All Country World Index ("ACWI") as our global Equity benchmark, offers a myriad of relevant indices, starting at the country level…
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This month, the two themes in our title have dominated the financial news cycle and have gained strength this year. Reflation is the general concern that all of the fiscal…
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The financial media has been fixated on the GameStop (ticker: GME) saga and all that might mean for financial markets going forward. The democratization of finance?…
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While 2020 is a year many of us would like to forget, there were things we took away from the investment world and our management of your portfolios…
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We asked the question last month if this is the start of a trend, so maybe it finally is. There have been a number of prominent Value investors who have officially thrown in the towel…
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Is this the start of a trend? Broadly speaking, Value has been holding its own versus Growth for most of the third quarter this year. There has been no lack of Factor-based investment…
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The trend continued in the global Equity markets last month with Growth continuing to outperform Value and the largest cap Growth stocks outperforming everything …
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Can we call almost keeping pace with a benchmark a victory for the month? Given the continued strength and dominance of large-capitalization growth…
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For this week’s manager’s update on FWDB, Jamie Viceconte talks about Implied Volatility, what it means, how it’s measured, and how we utilize it in our models.
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Markets made it to the half-way mark on the calendar year last week and took a pretty volatile route to get there. What is most interesting to us is that, while …
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It’s hard to keep up with the performance of the broad-based market indices, and since the month-end performance reports which are presented here were run the performance keeps coming…
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Just when we thought it couldn’t get any worse for the markets, it actually didn’t. April saw a significant, and well-advertised…
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At the risk of adding to your already steady stream of negative news related to the Coronavirus crisis, the well-advertised decline in the global Equity markets is obviously the topic of this missive.
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