Market Updates

Performance Measurement: Danger of Point-in-Time Analysis

I hear it on TV, I see it in ads and I get the sales pitch.  “Fund XYZ is a 5 star fund according to Morningstar,” or “Fund XYZ is in the top quartile of its peer group for the trailing one- and three years.”  It sounds impressive.  But, should we listen?  No, not really.  Should you in[...]

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Rising Rates: A Good Thing for Bond Investors?

by Wendy W. Stojadinovic, CFA Director of Fixed Income Strategy In two recent blogs by my colleague, Mike Peters, he first addresses the concerns investors have about rising interest rates causing a bear market in bonds and then lays out what to expect for bond market returns looking forward th[...]

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Rethinking Concerns Over The Anticipated Increase In Interest Rates: What Returns I Expect From The Bond Market In Upcoming Years

In my last blog post, “Bear Market in Bonds: Rethinking Concerns Over the Anticipated Increase in Interest Rates.” I did my best to dispel predictions of a traditional bear market sweeping through the bond market and destroying investor capital. I walked through the necessary conditions for a be[...]

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Bear Market In Bonds: Rethinking Concerns Over The Anticipated Increase In Interest Rates

Since the great recession of 2008-09, many advisors and financial professionals have repeatedly predicted a bear market in bonds, and have been proven wrong time and time again. Early on, many of the bond market doom and gloomer’s believed that runaway inflation, caused by Federal Reserve money pr[...]

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Third Quarter 2015 Financial Insights

Slowing, Stalling, Falling... But Maybe Not So Much  Our theme in this quarter's Financial Insights is "Slowing, Stalling, Falling... But Maybe Not So Much".  We investigate how despite a slowing Chinese economy, measures of economic growth in the U.S. are headed in a positive direction. I[...]

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Politics and Performance: Does control of the White House really matter?

by David G. Carroll, CFA Senior Portfolio Manager With the Presidential election only one year away, does it matter to the stock market which party wins the White House? The standard response is that the market favors Republican candidates due to their more business-friendly posture favoring l[...]

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Active Versus Passive – Understanding the Debate: Part 4 Active Investing

I smiled when I first read the title of the book. Mistakes Were Made (but not by me). I thought of my children “pointing their finger” at one another after something broke. In the grand scheme of things, it wasn’t a big deal. They’re kids, mistakes happen. At the same time, mistakes are only[...]

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Quarterly Market Webcast Third Quarter 2015

Our Third Quarter review of the markets is presented by Joseph F. Hickey, CFA, Director of Equity Strategy and David G. Carroll, CFA, Senior Portfolio Manager. Joe reviews: different asset class returns and factors that contributed to both their positive returns in the first half of 2015 and [...]

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Investing in an Increasingly Turbulent and Integrated World

Today’s markets can be seen as dynamic systems for sorting and selecting investments. In such a system, sustainable investment performance is not only about the tides of fundamental valuation but also the interim waves of the market. The following is an excerpt from a presentation which is part[...]

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Why have the Markets been so Volatile Recently?

by Wendy W. Stojadinovic, CFA Director of Fixed Income Strategy The short answer is that we are experiencing divergence in the trajectory of growth and monetary policy among major economies. U.S., European and Japanese central banks have all been running with easy monetary policies for yea[...]

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