Markets

Technology & Materials: Do You Take the Over or the Under? November 08, 2019

Posted by Bryce Coward, CFA in Markets

As each day passes and more evidence of some sort of bottom in economic activity emerges, the chances of market rotation into the more beaten down areas of the global equity market would seem to be rising. In fairness, this is likely not 2012 or…

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EAFE Equities: Can they Ever Work Again? October 25, 2019

Posted by Bryce Coward, CFA in Markets

EAFE stocks, those in the developed Europe and Asia regions, have underperformed US stocks in eight of the last eleven years. That batting average might be decent if you are a professional baseball player, but not so much if you are a professional investor. What’s…

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Not QE? October 18, 2019

Posted by Bryce Coward, CFA in Economy, Markets

Last week the Federal Reserve announced the re-commencement of large scale asset purchases in order to alleviate funding pressures that had been bubbling for several months. Much effort has been made by Fed Chairman Powell and other missionaries to explain why this round of asset…

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Bad News is Good News on Payroll Friday July 03, 2019

Posted by Bryce Coward, CFA in Economy, Markets

All eyes will be on the payroll report on Friday for clues about what it means for the Fed’s next move. Indeed, the payroll report will be the most important US economic data point between now and the Fed’s next meeting at the end of…

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The Bond Market is Not Impressed with the Fed June 21, 2019

Posted by Bryce Coward, CFA in Markets

On Tuesday of this week we wrote about the four possible scenarios the Fed could adopt in their Wednesday policy decision. In order of most hawkish to most dovish, those scenarios were: Fed does not cut rates and signals that a rate cut may be…

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The Fed’s Many Options for Tomorrow June 18, 2019

Posted by Bryce Coward, CFA in Economy, Markets

Tomorrow will obviously be one of the most important news days of the year for financial markets with the Fed expected at the very least to signal that a rate cutting cycle is in the offing. Indeed, since the Fed last raised rates the yield…

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