It’s been an awfully long time since the last recession so we are due for one soon. The yield curve is close to inverting so a recession must be close. Valuations are elevated so the market can’t go any higher from here. Three bearish statements that are prevalent in today’s investment market media, both among …
Month: August 2018
Global PMI Trends
Really cool graphics from Bloomberg showing manufacturers’ perspectives from around the globe. North America looks really good relative to the rest of the world. This may partially explain why U.S. stocks continue to perform so well versus the rest of the world. Link to full article
Fiscal Policy vs. Tariffs
After a newborn baby hiatus, I’m back in the saddle. I’ve written a lot about tariffs and it looks like my initial thesis of the so called trade war wasn’t spot on. As a refresher, I believed the supposed trade war wouldn’t cause meaningful harm to consumers or the U.S. economy. Thankfully, as more and …
Active vs. Passive
A lot has been written on passive vs. active investing and I have nothing new to add to it. However, I came across this highly informative graphic from LPL today depicting the percentage of active managers outperforming vs. the S&P 500 return. It’s pretty clear that if you’re going to allocate to active equity managers …