Commentaries

Timely market commentaries from leading investment firms

Tackling the Income Problem

While 2022 has been a challenging year for nearly every segment of the capital markets, it comes with a silver lining for income investors: higher yields.

Oil Nears Near-Term Support

Oil has been routing since summer after reaching historic highs of over $130 per barrel, but we may see some relief soon as near-term events may trigger a rally.

Economic Conditions, Market Performance Worsen After Fed Rate Hike

Precious metals markets are trying to tough this week despite another large rate hike by the Federal Reserve.

It's Not Enough to "Invest in What You Know"

“Invest in what you know.” You’ve likely heard this advice before.

Rising Rates Are Complicating Fiscal Policy

The pandemic drove up debt, and higher interest rates are adding to the burden.

More Trouble Ahead

We had been bullish on stocks all the way back to March 2009, when mark-to market accounting was fixed and the Financial Panic started to recede

Notes on Inflation

The world will be going from an era of zero rates and loose monetary policy to higher rates and likely slower growth, except in certain sectors. Adjusting to this change will be both problematic and also full of potential opportunities.

Engines of EM Growth

Portfolio Manager John Paul Lech explains why investors in emerging markets should go upstream in order to leverage the long-term power of the EV sector.

Economic Conditions, Market Performance Worsen after Fed Rate Hike

Precious metals markets are trying to tough this week despite another large rate hike by the Federal Reserve.

Student Loan Forgiveness Plan and Inflation Reduction Act: Are These New Policies Inflationary or Deflationary?

Inflation is top of mind for consumers and market participants. In the United States, many are questioning whether student loan forgiveness will make inflation worse, and if the recently passed “Inflation Reduction Act” will offer relief.

Weekly Investment Strategy

Review the latest Weekly Headings by CIO Larry Adam.

The Bear Market Is Back

We are now in another downswing in the ongoing bear market.

Has the High-Water Mark for Margins Arrived? It Sure Looks That Way

Corporate profit margins finished 1999 at just a shade under 6% of U.S. GDP.

Yes, Value Outperformed Growth. But By How Much?

Warren Buffett famously described the stock market as “a device to transfer money from the impatient to the patient.”

Asset Bubbles & Forward Returns

Asset bubbles have been prevalent throughout history.