Real Investment Daily

Can The Fed Really Boost Bond Yields?

Written by Lance Roberts | Jan, 4, 2018

One of the biggest issues with predictions of rising 10-year bond yields since “bond bears” came out in earnest in 2013, is they have been consistently wrong. For a bit…

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Investment Outlook 2018

Written by Michael Lebowitz | Jan, 3, 2018

The following outlook provides our investment thoughts for the coming year. We did not include specific recommended asset allocation weightings for the major asset classes, as they will be part…

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A World Without Risk? Not Really!

Written by Doug Kass | Jan, 2, 2018

Markets tend to make opinions. There is a strong inclination and nature to extrapolate as “group stink“ is the favorite market odor. So, it can be expected that most investors enter…

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We’re Gonna Need A Bigger Boat

Written by Daniel Nevins | Jan, 1, 2018

If 2018 rings in a bear market, it could look something like the Kennedy Slide of 1962. That was my conclusion in “Riding the Slide,” published in early September, where I showed…

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The Top 34 Reads Of 2017

Written by Lance Roberts | Dec, 29, 2017

As we wrap up 2017, all of us at Real Investment Advice would like to share our appreciation for your readership over the past year. Due to your readership, we…

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Squeezing the Consumer from Both Sides

Written by Michael Lebowitz | Dec, 27, 2017

The Federal Reserve raised the Federal Funds rate on December 13, 2017, marking the fifth increase over the last two years.  Even with interest rates remaining at historically low levels,…

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Technically Speaking: It’s A Wrap

Written by Lance Roberts | Dec, 26, 2017

In last week’s Technical Update, I discussed the similarities between 1999, 2007 and currently. To wit: “With the markets within striking distance of Nasdaq 7000, Dow 25000 and S&P 2700,…

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There’s A Sucker Born Every Minute

Written by Doug Kass | Dec, 22, 2017

“Without promotion, something terrible happens … Nothing!” -P.T. Barnum There is no scarcity in cyberspace, especially no scarcity in stupidity. Overnight, the price of bitcoin fell by more than 11% and…

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3-(Mis)Statements About Tax Reform

Written by Lance Roberts | Dec, 21, 2017

With the passage of the Tax Cut And Jobs Act on Wednesday, I wanted to address a few of the questions and misinformation currently circulating about the impact of tax…

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Is A Company You Own Making A Dumb Acquisition

Written by Vitaliy N. Katsenelson | Dec, 21, 2017

As a shareholder, you do well to place more emphasis on risk than on reward. Corporate management usually does the opposite, and this is why most large acquisitions fail. In…

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A Strong Signal From The Economic Dashboard

Written by Daniel Nevins | Dec, 21, 2017

We’ve been seeing more and more commentaries discussing bad stuff that can happen when the Fed tightens policy and, as a result, the yield curve flattens. (See, for example, this…

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Kass: 15-Surprises For 2018

Written by Doug Kass | Dec, 20, 2017

“The missing step in the standard Keynesian theory [is] the explicit consideration of capitalist finance within a cyclical and speculative context . . . finance sets the pace for the…

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Weekend Reading: Ignorance Is No Excuse

Written by Lance Roberts | Dec, 15, 2017

The “tax bill cometh.” According to the press, this is going to be the single biggest factor to jump-starting economic growth since the invention of the wheel. Interestingly, even the Fed’s…

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