Investment Management
Commentary
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
A GHOST FROM THE PAST …
It was several years ago that investors worried aloud about a “meltdown” of the Eurozone. Greece was the “whipping boy” of Europe with Portugal, Spain and Italy as clubmates. The strong from northern Europe (think…
Investment Management
The Chinese Challenge …
Before settling into the main topic of this writing, let’s spend some time reviewing the economic and markets state of the world. The Federal Reserve (aka – the Fed) recently met for the first time…
Investment Management
FEELIN’ GOOD…
While equity and fixed income investors have experienced a bit of “whiplash” during the month of February, consumers have continued to feel “pretty good”, if not very good. In fact, the U.S. Consumer Confidence Index…
Investment Management