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CB Leading Economic Index: Continues to Fall in October

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The Conference Board Leading Economic Index (LEI) decreased in October to its lowest level since March 2016. The index fell 0.4% from the previous month to 99.5, marking its eighth consecutive monthly decline.

Negative Correlations, Positive Allocations

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The inverse correlation between bonds and stocks has returned, broadening potential for risk-adjusted returns in multi-asset portfolios.

Banks Hoping For Looser Trump Reins Are Too Giddy

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US banks enjoyed a sharp stock price jump on Donald Trump’s election victory; two weeks later, they’ve held onto those gains. There’s one good reason for this — and several poor ones, all to do with regulation.

Buffett’s $325 Billion Cash Hoard Is an Early Warning Signal

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Berkshire Hathaway Inc. reported its stock holdings last week — a widely anticipated quarterly update of Warren Buffett’s latest trades. There were some notable ones, including the addition of Domino’s Pizza Inc. to Berkshire’s portfolio and more trimming of its stake in Apple Inc.

Bitcoin Climbs Closer to $100,000 on Trump’s Support for Crypto

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Bitcoin approached the historic $100,000 level, fueled by optimism that President-elect Donald Trump’s support for crypto heralds a boom as the US pivots to friendly regulations in place of a crackdown.

Elon Musk’s Neuralink Cleared to Start Brain Chip Trial in Canada

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Canada’s University Health Network said its Toronto Western Hospital would be the first non-US site of a trial for a device created by Neuralink Corp., Elon Musk’s brain-implant company.

Nvidia Says New Chip on Track After Forecast Disappoints

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Nvidia Corp. assured investors that its new product lineup can maintain the company’s artificial intelligence-fueled growth run, though the rush to get the chips out the door is proving more costly than expected.

Is Inflation Tamed? The Key Question Ahead of 2025

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Is inflation tamed? It's a key question that got lost in election coverage. It looms more than a new administration does over portfolios.

Investors Still Reluctant to Move From Cash to Bonds

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The 2024 Global Survey of Financial Advisors from Natixis revealed the ongoing hesitance of investors to move out of cash and into bonds.

Opportunities Beyond the Traditional Bond Indices

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For most of the last fifty years, fixed income investing has been characterized by owning some combination of Municipals, Corporates, Treasuries and Agency Mortgage-Backed Securities which has worked well with periods of secular disinflation.

Opportunities and Challenges of Trump 2.0

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Chief Investment Officer Sean Taylor considers the implications of a second Trump administration for emerging markets.

Income Fund Update: Navigating Rate Cuts With Flexibility and a High Quality Focus

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We seek to capitalize on today’s attractive yields while staying mindful of economic and market uncertainties.

Yield Curve Shift

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The Treasury yield curve has shifted appreciably all year long. In particular, the last few months have realized substantial rate changes. The shift in the Treasury curve is not isolated. The corporate curve is also changing.

Fiscal Futures: Gauging the Potential Impact of Post-Election US Policy

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We take an early look at how a new policy platform could factor into the US deficit and debt.

Paul Tudor Jones: I Won’t Own Fixed Income

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Paul Tudor Jones recently voiced concerns that rising U.S. deficits and debt and increasing interest rates could lead to a fiscal crisis. His perspective reflects the long-standing fear that sustained borrowing will trigger inflation, raise interest rates, and eventually overwhelm the government’s ability to manage its debt obligations.

What’s Ahead for the Fed

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Lost in the excitement of election week was a meeting of the Federal Reserve. At its conclusion, interest rates were lowered by another quarter-point. But where they are heading from here is a matter of increasing uncertainty.

A Trump Boom?

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With his remarkable electoral comeback, Donald Trump has defined an era in American political history. But his legacy will depend on whether his policies advance long-term American prosperity by cutting taxes and boosting investment, or undermine it with trade wars and mass deportations.

Bitcoin Rises to Record With MicroStrategy Stepping Up Purchases

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Bitcoin climbed to a record high for a second consecutive day, with MicroStrategy Inc. accelerating the pace of its massive purchases of the cryptocurrency.

Roubini Launches Treasury-Alternative ETF to Ride Trump-Era Risk

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Nouriel Roubini is seizing on Donald Trump’s inflation-threatening policy agenda to make a case for an alternative haven trade to Treasuries in a world of elevated volatility.

Will Trump’s $280 Billion Housing Trophy Stay Out of Reach?

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In the months before Donald Trump entered the White House the first time around, speculation mounted that he would release mortgage giants Fannie Mae and Freddie Mac from the federal conservatorship they’d operated under since being bailed out during the global financial crisis.

AI’s Slowdown Is Everyone Else’s Opportunity

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The multi-trillion-dollar artificial intelligence boom was built on certainty that generative models would keep getting exponentially better. Spoiler alert: they aren’t.

What Top Financial Professionals Are Doing to Succeed

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Top financial professionals have a clear understanding of their unique strengths and are able to convey them to clients. To set yourself up for success, distinguish yourself in the market through specialized expertise and tailored client services.

4 Ways to Help the Next Gen Turn Aspiration to Impact

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Gen Z and millennials are widely considered to be the most diverse and socially conscious generations yet.

How to Be an Effective Driver of Change for Your Team

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If you focus on just doing one thing differently and better, it can help improve outcomes.

The Peril of Relying on Incomplete Information

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Humans are wired for "self-focus," but shifting to "other-focus" can help advisors build better relationships with clients.

GMO 7-Year Asset Class Forecast: October 2024

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GMO has posted a new 7-Year Asset Class Forecast.

Five Investing Impacts of a Trade War

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Market reactions to a potential trade war may be less extreme than anticipated by investors, although volatility is likely during trade negotiations.

Balancing Risks as the Credit Cycle Turns

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Balancing credit risk with interest-rate risk in a dynamically managed portfolio can be an all-weather approach.

Positioning for a Transatlantic Divide

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The current global expansion has been characterized as one of US exceptionalism. Despite many developed market economies outperforming low expectations, the robustness of the US expansion has stood out. We believe this can continue based on differences between the US and European economies.

What’s Driving the Recent Surge in Bond Yields?

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Wait, what? The Fed cut interest rates and bond yields went up, not down. Yes, you read that right.

4 Undervalued Consumer Discretionary Stocks for 2024 Revealed by FAST Graphs

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In this video, Part 2 of 2, Chuck Carnevale, Co-Founder of FAST Graphs, a.k.a. Mr. Valuation will be looking for value in the Consumer Discretionary Sector and go over the final 4 of the 15 consumer discretionary stocks that look reasonably valued.

The BRICS Currency Charade

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Expressions of dissatisfaction with the global dominance of the dollar go back at least to French finance minister Valéry Giscard d’Estaing in 1965. But even today, the euro is no challenger to the greenback, and no one should hold their breath waiting for the BRICS to unveil their own attempt at an alternative currency.

Overseas Consequences of the U.S. Election

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In sport, play is limited by time or innings. Lineups are set, rules are fixed and boundaries are defined. Winners are determined objectively.

Bitcoin Sets Another Record Amid US’s Growing Embrace of Crypto

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Bitcoin set another all-time high, supported by a series of developments highlighting the deepening embrace of the digital-asset industry in the US under crypto cheerleader Donald Trump.

The Value of an Annual Financial Checkup

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Don’t wait for financial symptoms to show up. Annual financial checkups can help maintain your current financial fitness and support your long-term financial wellbeing.

Are Your Leads Unqualified, or Are You Losing the Sale?

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Here are four key questions to help pinpoint where the break in your sales process might be occurring

Trump Should Bring On a Great American Housing Boom

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Most Americans, from both parties, say the government needs to increase the supply of affordable housing. For President-elect Donald Trump, that should offer a good opportunity to summon his instincts for development — and self-promotion — to get America building again. Call it the “Trump Building Boom.”

Nvidia Is Helping Google Design Quantum Computing Processors

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Nvidia Corp., the chipmaker at the center of a boom in artificial intelligence use, is teaming up with Alphabet Inc.’s Google to pursue another technology once relegated to science fiction: quantum computing.

Powell’s Wait-and-See on Trump Policies Is a Switch From 2016

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Federal Reserve Chair Jerome Powell says he wants to wait and see what policies the incoming Trump administration will implement before the central bank forecasts what it means for the economy.

Citadel’s Ken Griffin Says Multistrategy Hedge Fund Boom Is Over

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The era of explosive growth in multistrategy hedge funds is over, according to billionaire Ken Griffin, who runs one of the biggest such firms.

Google’s Chrome to Fetch Up to $20 Billion If Judge Orders Sale

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Alphabet Inc.’s Chrome browser could fetch as much as $20 billion if a judge agrees to a Justice Department proposal to sell the business, in what would be a historic crackdown on one of the world’s biggest tech companies.

Why and How You Should Improve Your Practice’s Efficiency

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Reengineering processes through automation, streamlining, and delegation enables financial advisors to provide greater value while spending more quality time with clients.

Green Energy Transition Opens ESG Opportunities in Bonds

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The global transition to clean energy should open opportunities for fixed income investors in bond funds that focus on the ESG theme.

Politics Aside, Small-Cap Value Still Looks Appealing

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Small-cap stocks and related ETFs are among the most mentioned assets as levered to benefits from the “Trump trade.”

The Turtle and the Pendulum

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Change is the sum of fundamental trends, the gradual elimination of accumulated extremes, and the random arrival of new shocks.

Exuberance – Investors Have Rarely Been So Optimistic

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Investor exuberance has rarely been so optimistic. In a recent post, we discussed investor expectations of returns over the next year, according to the Conference Board’s Sentiment Index.

Is the Next Temperamental Era Upon Us?

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The period from the 1960s to the 1990s defined by record-setting inflation and big swings in GDP bears a striking resemblance to the current environment.

Economic Strength Drives Jump in Long-Term Rates

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Last week showcased the complexities driving markets and the economy, with inflation data, Federal Reserve commentary, and political developments at the forefront. While inflation metrics in the CPI came in as expected, the PPI surprised on the higher side, pushing up estimates for the Fed's preferred PCE inflation gauge.

How to Build a Thematic Equity Portfolio

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From stock picking to benchmark selection, the construction of an active thematic equity portfolio will play a crucial role in its ability to deliver on a theme’s return potential.

Fed Chairman Not in a Rush

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The Federal Reserve (Fed) Chairman seems to be happy with the market’s new wisdom regarding the path of interest rates going forward.