Multi-factor models have been increasingly popular in recent years. The whole smart indexing space has been the fastest growing area for the past few years and is projected to be the fastest growing area for the next decade. iShares expects an annual global growth rate
Larry takes a look at “smart” ETFs with superior result using a value approach and a growth approach – they beat the market index, but how did they do it, and how can you build a portfolio that is likely to have better results in
In this week’s Globe and Mail piece, Larry gets political with a critique of central bank and Canadian government policies. If the US election is any indication, the will of the people to break the cycle of endless deficit spending and unsustainable government policies is
As the markets now enter a period of high volatility, I ponder whether they are sensing the onset of the next recession. It’s almost certain that we will see a global recession within the next two years. The history of U.S. recessions shows the range
The divergence in monetary policy between the U.S. and Europe, Japan, and Canada suggests that the U.S. dollar should strengthen notably over the next year. The developed market trade weighted U.S. dollar index’s most important currency pair is the euro and Canada is only 9.1
Janet Yellen will spin her Fedspeak on Aug. 26 at the annual Jackson Hole conference. Investors worldwide will scour the text for hints at what the future holds. In the past, Federal Open Market Committee (FOMC, a.k.a. Federal Open Mouth Committee) bosses have used the
What does Shiller PE (Price-to-Earnings) Ratio Tells us About Current Market Valuation? As all 3 major US markets enter uncharted territory, should you be thrilled and sitting pretty, or concerned and thinking about protecting what you’ve gained? One can’t make money in markets by being a
With market multiples at lofty levels, investors have options to protect against a market pullback – much like a farmer may protect the value of their crop using options. It’s time to consider laying off some of the risk from runaway markets that don’t make
We always look at the risks of investing, because that’s how investors look at it (after the risk bites them), so for our clients we carefully weigh risk/return with each investment. I’ve said “Europe is a basket case” so you might think that means avoid
I’ve often warned that Western economies – now heavily indebted post credit crisis – are on track to end up like Japan if nothing is done to change course. You might think that means Japan is down and out, and while they are, there is