Talkin Earnings

Earnings season is past the halfway point and while results have been great, market reaction has been muted.  In this week’s report we share our views as to why and take a look at a troubling late cycle trend in margins.

Talkin Earnings

Market Ethos

What Happens at 3.0%?

U.S. 10-year Treasury yields are on the cusp of breaching the 3.0% level. This has proven a critical level dating back to 2013. In this report we share our views on inflationary pressures, bond yields and how markets may react. Inflation pressures and higher bond yields are a big headwind for equity markets that will likely continue to drive market volatility during this late stage of the market cycle.

What Happens at 3.0%?

The Million Dollar Question

In this week’s edition we share an analysis that looks at all past recessions and bear markets since the late 1940s. If a recession is not going to start in the next six months, it is usually best to stick in equites. We also included an update in our Market Cycle indicators which continue to point to a continuation of the cycle.

The Million Dollar Question

Active Beat Passive in 2017?

Well, it was bound to happen. Active managers, on an asset weighted basis, outperformed the index across large, mid and small cap for the U.S. market last year. In this ethos instalment we dive into the S&P SPIVA report, share our views on market dispersion, the active vs. passive debate and how the markets are changing.

Active Beat Passive in 2017?

Avoiding Mistakes

While great ideas are a key ingredient to a successful investment process and often talked about, avoiding mistakes is probably as important yet receives much less attention. In this market ethos we share our approach to avoiding the negative impacts of loss aversion. 
 

Avoiding Mistakes

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