Portfolio Management

Party Like Its 1999 January 27, 2021

Posted by Steven Vannelli, CFA in Markets, Portfolio Management

In this Q4 2020 slide presentation of our quarterly strategy report, we discuss: Bob Farrell’s Rules for Trading (#5 and #7 especially resonate with us right now). What the retail trading frenzy, recent IPOs and speculation can tell us about where we are in the…

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Breakeven Inflation is Breaking Out December 04, 2020

Posted by Bryce Coward, CFA in Economy, Markets, Portfolio Management

Inflation expectations as priced by the Treasury market are hitting 18 month highs just now. As the reader can see, inflation expectations across all treasury maturities are at cycle highs. This is happening coincident with growing expectations for the $908bn bipartisan stimulus deal and widespread…

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A Broader Market, but Not a “Value” Rotation October 09, 2020

Posted by Bryce Coward, CFA in Markets, Portfolio Management

In recent weeks the market has been notably broader in terms of the upside participation from stocks other than FAANMGs. Typically, this type of action in the early stages of a business cycle would be strongly associated with the “value” style working, since “value” companies…

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Value over Growth or More of the Same? August 14, 2020

Posted by Bryce Coward, CFA in Economy, Markets, Portfolio Management

Over the last few weeks there has been quite a bit of chatter among strategists about whether the market is undergoing a sustainable rotation into “value” stocks from “growth” stocks. It’s a bit surprising to us to see the outpouring of commentary on the issue,…

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