Category Archive: Finance
5 Great Value Picks For The World’s Priciest Market
Wall Street officially ranks among the world’s most expensive markets on a number of metrics. In fact, two-third of money managers finds the U.S. stock market’s recent record run unsettling. The dizzying ascent of U.S. stocks as a result of lofty valuations might sooner than later threaten to spark a major sell-off. In such an […]
Has College Tuition Reached Its Breaking Point?
As the father of a 5-year-old, I worry about the cost of college and I’m sure many parents of young children do. Prices at my alma mater, the University of Richmond, have risen close to 200% since I graduated in 1997. Has the quality of education also improved by that much? It’s doubtful. While amongst friends, […]
Slowing U.K. GDP To Undermine GBP/USD Rebound
Ticker Last High Low Daily Change (pip) Daily Range (pip) GBP/USD 1.3032 1.3058 1.2984 38 74 GBP/USD appears to be making a run at the monthly high (1.3126) as it initiates a series of higher highs & lows, but the 2Q U.K. Gross Domestic Product (GDP) report may undermine the rebound in Cable as the […]
“Mother Of All Bubbles” Keeps Gold In Focus
Today I want to discuss reports that global debt levels are at all-time highs, and what this means for your investment decisions going forward. But first, a few comments about last week. I recently returned from the Oxford Club’s Private Wealth Seminar, held at the historic Grand Hotel on Michigan’s Mackinac Island. The hotel, which […]
E It’s All About Earnings
In the first half of the year, the market rally came from FANG (Facebook, Amazon, Netflix, Google) with most other areas only experiencing moderate advances. That’s changed. All major market indexes, including mid-cap and small-cap indexes, reached all-time highs. Stronger still are international markets, with iShares Emerging Markets (EEM) up 24 percent this year! That’s […]
June 2017 Headline Existing Home Growth Slows
The headline existing home sales growth slowed with the authors saying “Closings were down in most of the country last month because interested buyers are being tripped up by supply that remains stuck at a meager level and price growth that’s straining their budget”. Our analysis of the unadjusted data agrees. Analyst Opinion of Existing […]
Our Obsession With Survey Data Is Ruining Economics
In a recent Bloomberg article, Noah Smith celebrates the increasing trend of empirical work in economics over the years. Purely theoretical papers are on the decline as a share of all published work. More and more economists are utilizing data to estimate the magnitude of various effects or to estimate specific parameters in theoretical models. Empirical work […]
Biotech ETFs Continue To Dominate Momentum Rankings
Biotech ETFs Dominate Rankings Again Biotech ETFs continue to dominate momentum rankings in our ETF rankings system. The latest weekly rankings are shown below as WkBk0. They represent closing prices as of Friday. The latest ranking is a non-trade day ranking. Other columns represent prior week rankings. Momentum Rankings as of July 21, 2017 The […]
A Lesson On Black-Box Investing: Kurt Lindner And The Lindner Dividend Fund
“When the facts change, I change my mind. What do you do madam?” – Winston Churchill, John Maynard Keynes, Paul Samuelson? The CFA Institute’s second quarter 2017 Financial Analysts Journal included a research article penned by Martijn Cremers, professor of finance at the University of Notre Dame, entitled “Active Share and the Three Pillars of […]
It’s All About Who You Know
YOU have just become the big winner of the latest reshuffle of White House personnel. No, this is not the result of your own Machiavellian skills in intrigue, backstabbing, and betrayal. You have ME to thanks for this development. Sometimes it seems that there is no corner on earth I haven’t visited, no event I didn’t know about […]
