This market has been far more resilient than many ever thought possible. Passive flows go a long way in explaining this phenomenon. They also suggest the craziness can continue for some time.
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Many renters who were in the market to buy a home pre-Covid just threw in the towel. 43% of prospective home buyers who said they changed their plans quoted economic uncertainty as the top reason for doing so, followed by loss of income as the second most cited reason.
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The popularity of passive investment strategies has grown markedly over the last thirty years. Throughout the period, these strategies have increasingly become a more significant factor in asset pricing.
It now appears as though passive investors may be the marginal investor, also known as the price setter.
There is mounting evidence that passive investors are the driver of recent inane market behavior.
The “Golden Cross” arrives, but are the bulls safe? With markets facing one of worst earnings declines on record, high valuations, and weak economy, could investors be walking into a trap?
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Since the onset of the pandemic, the Fed has entered into the most aggressive monetary campaign in history. Now, the Fed is trapped in QE and can’t allow rates to rise ever again.
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Since the March lows, the markets have rallied on optimism of a “V-shaped” economic recovery and constant stimulus from the Fed. In recent weeks, the threats to the bullish thesis have grown.
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Here is what you might have missed from the RIA Crew last week. A compilation of our best blogs, newsletter, podcasts, the daily radio show and commentary from RIAPRO.NET.
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I’ve been pondering all the “analysis” out there on the current economic and investment landscape and can only shake my head. Is it the Depression or the Roaring ‘20s. Everybody is wrong.
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There are 1 million restaurants across the U.S. with 70% of them run by small businesses owners. Small business is failing due to the COVID crisis.
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We do not know when Tesla’s moonshot will end. However, as we learned in 2001, the end is unusually swift and vicious. Afterward, it can take years and even decades before an investor breaks even
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The “Death of Fundamentals” has become apparent as investors ignore earnings to chase market momentum. Throughout history, large divergences between fundamentals and price have ended poorly.
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If you haven’t heard of Modern Monetary Theory, or “MMT,” you will soon. If you recently lost your job due to the economic shutdown, and received a stimulus check, you are already a beneficiary of it.
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Here is what you might have missed from the RIA Crew last week. A compilation of our best blogs, newsletter, podcasts, the daily radio show and commentary from RIAPRO.NET.
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S&P 500 Monthly Valuation & Analysis Review. A deep dive into the fundamentals which drive long-term returns from J. Breet Freeze.
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It will take years for the economy to recover back to pre-COVID levels. Quite simply the stimulus used to cushion the blow today will hinder growth tomorrow.
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The rather “Pavlovian” response to Central Bank interventions has led investors into a false sense of security with respect to the risk being undertaken. Here are the 15-investing rules to win the long-game.
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If you haven’t heard of Modern Monetary Theory, or “MMT,” you will soon. If you recently lost your job due to the economic shutdown, and received a stimulus check, you are already a beneficiary of it.
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In March, it appeared as if the bubble had finally popped. However, the Fed’s quick response and massive monetary interventions ceased the asset bubble’s deflation and reinflated it.
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Here is what you might have missed from the RIA Crew last week. A compilation of our best blogs, newsletter, podcasts, the daily radio show and commentary from RIAPRO.NET.
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Investors are faced with realities of investing during an emergency. Was COVID just a blip or could they be reflective of investing during emergencies?
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Is it time to retire the 60/40 porftfolio? For decades the use of bonds to diversify risk in portfolios has been a huge tailwind as rates have fallen. With rates near zero, what should investors do now?
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Each dollar of debt drives less growth than the prior dollar of debt, thus requiring even more debt. This article explores Yield Curve Control (YCC), a policy tool at the Fed’s disposal to keep digging even deeper into the hole.
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We are in the winter of household finances. The “Fourth Turning” is upon us, as we explore how to navigate an uncertain future and maintain financial stability.
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A review the bull case seemingiy built on “Unicorns” and “Rainbows,” contradicts a more bearish fundamental backdrop. While bearish longer-term, we are “fully invested bears.”
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Is it 1999 or 2007? Retail investors flood the market as speculation grows rampant with a palpable exuberance and belief of no downside risk. What could go wrong?
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While the release of the retail sales report was stronger than expectations, the bounce will be difficult to maintain as consumers are tapped out, facing high unemployment and a slow recovery.
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Here is what you might have missed from the RIA Crew last week. A compilation of our best blogs, newsletter, podcasts, the daily radio show and commentary from RIAPRO.NET.
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Retail sales surged in May but manufacturing is another story. The Fed’s Industrial Production and Capacity Utilization puts a big negative spotlight on the emerging V-shaped recovery thesis.
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Each dollar of debt drives less growth than the prior dollar of debt, thus requiring even more debt. This article explores Yield Curve Control (YCC), a policy tool at the Fed’s disposal to keep digging even deeper into the hole.
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Last week, we discussed investors throwing caution to the wind, and the need take on defensive positioning. One week later, the bulls and bears are squaring off at the 200-dma line to see who will gain control.
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