Investment Management
Commentary
Investment Management
Barn Burner…
Investor spirits might have been low at year end 2018 – but certainly that desultory sentiment has dissipated over the first three months of the new year, as markets around the world have climbed almost…
Investment Management
A Rethink and Perhaps a Redo…
A couple of years ago, our British cousins took on a populist vote and elected to remove Great Britain from the great “European Experiment”, the European Union. The English voter declared they were tired of…
Investment Management
Quite A Rally…
Off the bottom have come market prices with a January run for the record books. Why has there been the relief? Predominantly, we think that the news has changed. It has recently become a bit…
Investment Management
EARNINGS BULL MARKET … P/E/ RATIO BEAR MARKET
The first part of the above title has to do with fundamentals. The second part to a large extent has to do with emotions. Corporations around the world, and especially in America, have been doing…
Investment Management
A Rarity and Confounding …
Deutsche Bank has done a study of asset class performance during a year dating back to 1901. Stocks, bonds, copper, burlap, crude oil, iron ore as well as many other assets are part of the…
Investment Management
Rude Health …
Economically, the US is in rude health. Manufacturers are very busy as seen in Chart 1. The Eurozone is also “chuggin’ along” – just not at as rapid a pace. The service economies in America…
Investment Management
PROFITS, PROFITS AND MORE PROFITS….
In the second quarter corporate pre-tax income grew 7.7% year over year, the most since 2014 and the seventh consecutive gain according to information released from the Commerce Department. Company spending on equipment, structures and…
Investment Management
A Lot Of Balls In The Air…
Let’s start with some observations to “set the table.” Let’s first focus on facts and then we’ll get to opinion: 1) Q1 earnings for S&P 500 companies rose 24.4% year over year (YOY), 8% ahead…
Investment Management