There is no alternative is the narrative that many talking heads will say when it comes to stocks and 2021 was no exception. Stocks globally are crushing returns on fixed income markets globally. Two benchmark ETFs we follow (VT-Vanguard Total World Stock ETF) and (AGGG-iShares
Elon Musk is a disruptor. He also has a pattern of violating securities laws. In a recent Twitter pole, 58% of responders said he should sell 10% of his $TSLA holdings. While not obligated to do so, he did say he would abide by the
This week on my virtual webinar I will host my friend David “Rosie” Rosenberg. I’ve been following Rosie for more than 2 decades. Very few economists dig as deep as he does to answer the why question. The question we will discuss and debate this
Every week viewers ask us questions about what stocks and ETFs they should buy. This week we are participating in two webinars that will focus on this question. We are going to take one step back from the investment choice and try to answer this
Liberty Street Economics is the research arm of the New York Federal Reserve Bank. In August, they conducted their monthly survey of consumer expectations (since June 2013). They ask about many aspects of consumer behaviour, but here they focused on short and intermediate inflation expectations.
As a value and growth at a reasonable price manager we are challenged by markets that have stretched valuations. One measure that is at all time extremes (for the S&P 500) is the price of the market relative to sales. The following is an excerpt
The Fed is inching closer to reducing stimulus (debt monetization). We expect the first taper will come in Q4. The plan will likely reduce $15B per month over the course of 8 annual FOMC meetings so that the Federal Reserve will not buy anymore Treasuries
The Fed is inching closer to reducing stimulus (debt monetization). Congress is getting antsy about all the spending, but knows that an infrastructure bill is needed. The progressive Left in the House wants even more. Deficits going forward will be north of one trillion annually
The Federal Reserve has started to talk about removing extraordinary accommodation. Market expectations are building for the reduction in stimulus to begin in September with the forward guidance to come out of the Jackson Hole conference. Likely, they will first reduce support for mortgage-backed securities.
Treasury Secretary Yellen said after her return from the G-7 finance minister’s meeting that President Biden should push forward with his $4 trillion spending plans “even if we ended up with a slightly higher interest rate environment it would actually be a plus for society’s