March 14, 2020
Undoubtedly, many systematic approaches to value investing have suffered recently. However, we find the popular suggestion that value investing is dead to be premature. We find expectations of fundamental information have been and continue to be an important driver of security returns.
Macroeconomics
September 18, 2020
Stocks are up, but the U.S. dollar is down against many other currencies. Does it feel like the dollar does all of the work but gets none of the credit? This week we look at the unbalanced relationship between U.S. equity markets and the dollar.
Macroeconomics
September 18, 2020
Stocks are up, but the U.S. dollar is down against many other currencies. Does it feel like the dollar does all of the work but gets none of the credit? This week we look at the unbalanced relationship between U.S. equity markets and the dollar.
Macroeconomics
September 4, 2020
Abe may not have invented flexible average inflation targeting, but Abenomics laid the groundwork for current monetary and fiscal policy around the world. In the wake of Abe’s resignation, we look at its lessons for investors and policymakers.
Tax Aware
September 1, 2020
Preservation and transfer of wealth to future generations is one of the central financial goals for most high-net-worth families. We show that a family that invests with income and estate tax efficiency in mind can achieve substantially higher wealth levels than a family oblivious to taxes.
Macroeconomics
August 21, 2020
Everyone seems to love gold these days. We look at gold’s performance in different economic environments and how the past may not be a perfect guide to how gold will perform in the future.
Macroeconomics
August 7, 2020
Is the Fed like Mike? Not really, but they both have trademark reaction functions. Does this mean that rates will be soaring like Air Jordan or stuck in the paint?
Macroeconomics
July 24, 2020
Markets don’t always make sense. This week, we try to fill in some of the plot holes using economic forecasts.
Macroeconomics
July 10, 2020
What will the Fed do if the economy doesn’t recover? How will it affect markets? Let’s toss a coin and find out.
July 8, 2020
The sharp market fall and speedy recovery during the eventful first half of 2020 has kept tail risk hedging topical: investors have both fresh memories of a painful loss and renewed fears of a repeat. We try to offer a balanced overview of the strengths and weaknesses of direct and indirect tail hedging strategies.
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