Investment Perspectives

Washington Is A Big Redistributor

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Federal revenues rose 12.8 percent in y/y in July. They have been boosted by increases in tax rates at the beginning of the year rather than a significant improvement in US economic growth.

Bonds: Back To Their Traditional Roles

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Much has been made about the heightened correlation between bonds and equities...

The Federal Reserve's Double Standard

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Federal Reserve Chairman Ben Bernanke said recently that inflation in the United States is not as high as it should be given the policies he's enacted...

Don't Take Performance At Face Value

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The financial markets inundate us with performance numbers. This stock was up 12.32 percent this year. That currency dropped 5.68 percent. This is for good reason.

The Rules Of The Road

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Forecasting is overrated. How many events that seem inevitable in retrospect took people completely by surprise when they actually happened?

The Real Bernanke Put Is Already In Place, Regardless Of Tapering

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As more daily anxiety is driven by the interpretive actions of the Federal Reserve, we are reminded of an old joke. "How many Fed Chairmen does it take to screw in a light bulb?"

Are We Less Free In America?

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Independence Day is a great time to reaffirm our commitment to freedom and liberty and freedom of choice...

Trampled By The Crowd? Logic Briefly Abandoned Creates Opportunity

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The slide in asset prices during the past two weeks has caused a resurgence of doomsday pundits warning of impending calamity...

Coming Back To The Potential "Staying" Power Of Equities

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There's no denying it's been a whirlwind ride this past year for U.S. equity investors. But so far, it's been worth the price of admission.

Is Volatility Dead? Hardly.

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While volatility has been declining in many asset classes, it is creeping into several that may have escaped some investors’ attention.

Summer Rentals

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The calendar for investors appears clear of major events until the end of the summer and beginning of fall.

Bernanke's Melt-Up (excerpt)

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Fed Chairman Ben Bernanke seems to agree with Ed Yardeni's upbeat assessment of the future led by the ongoing high-tech revolution.

Guide To Working With Monetary Napalm

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In the world of financial incendiaries, the Fed's overwhelming monetary stimulus has ignited asset prices in the United States with the force and effectiveness of napalm. Is the fire short lived?

A Case For Infrastructure

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Fueled by a well-documented need for increased infrastructure spending worldwide and drawn to the asset class’ diversification, income, and competitive returns, institutional investors continue to...

S&P 500 Index - Is It Really A Broad Market Index?

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As one of the most widely followed indexes across the globe and despite its widespread acceptance, the S&P 500 contains some inefficiencies.

The Sustainability Of U.S. Interest Rates Rising

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Investors are growing concerned that yields have bottomed for the 10-year Treasury and will surge as the economy gains strength.

A Pause That Refreshes

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Basking in the glow of a series of record-high feats, the equity market has seemed unstoppable.

Five Warning Signs Of A Coming Market Correction

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There are no positive fundamentals driving the U.S. stock market. No one has ever gotten rich by chasing markets by buying at the top.

Emerging Rebound

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The first quarter of 2013 witnessed the worst quarterly performance for emerging market debt (EMD) investors since 2008 and the peak of the financial crisis, as measured by the JP Morgan Global...

Searching For Inspiration

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The stock market's stalling momentum and increasing volatility, combined with other signs evident in the market's recent behavior, suggest investors might be looking for new inspiration.