RESEARCH UPDATE – Orange is the New Trump
SEEDS OF DIVISION Last week’s assault in Washington illustrates the rage underpinning the chasm dividing the U.S. political landscape. Depending on where you get your information, the riots / protests
RESEARCH UPDATE – Inflation Risk on The Margin
INTRODUCTION – RISKS ON THE MARGIN On the margin, we are bullish on the outlook for 2021. There will be bumps, bruises, changes in the timeline but, overall, 2021 will
RESEARCH UPDATE – Alchemy for the Optimist
OUT WITH THE OLD I intend to stay awake this New Year’s Eve. Not so much to welcome in 2021 but to make sure 2020 fades into oblivion. I would
Research Report – Fear Mongering
ELECTION FEARS According to most polls, former Vice-President Joe Biden has a commanding – almost insurmountable – lead as we enter the last four weeks of the US Presidential
By The Numbers – August 2020
BY THE NUMBERS There has been a lot of talk about a significant market correction – mostly due to the apparent disconnect between the performance of U.S. stocks (as measure
State of Confusion
FACTORS INFLUENCING FINANCIAL MARKETS From our perspective there are two main factors influencing financial markets: 1) the seeming disconnect between market performance and economic reality and 2) the impact
Research Update – Walls of Worry
WALLS OF WORRY You can be excused for thinking that equity markets have gotten ahead of themselves. As of the close of trading on Monday June 8th, 2020, the
How Will The COVID-19 Experience Affect The Idea of Sustainability for Investors?
Investors can be forgiven for being a little confused as to exactly what “sustainability” means when it comes to investing. The word is used often and, historically, is meant to
Managing Risks: Enhanced Income Mandates
INCOME PORTFOLIOS Professional money managers look at investments in terms of risk versus return. Hence the concept of risk-adjusted return, which is the central theme underpinning portfolio management. However, that