Category Archive: Finance, No picture
Book Review: Marks, Mastering The Market Cycle
Howard Marks, cochairman and cofounder of Oaktree Capital Management and author of The Most Important Thing, expands on one of his twenty “most important things” in Mastering the Market Cycle: Getting the Odds on Your Side (Houghton Mifflin Harcourt, 2018). Marks paints in broad strokes, so the reader will not come away from this book with any concrete […]
Drivers: The Week Ahead
Four events stand out in the first week of October: the situation in Italy, UK Prime Minister May’s speech at the Tory Party Conference, the EMU PMI, and the US jobs data. We suspect that the market overreacted to the Italian government’s 2.4% deficit projection. It is not an unreasonable outcome given the election. Italy […]
British Pound Q4 Forecast: Pound Traders Will Find Brexit Remains The Driver
As we enter the fourth quarter of 2018, the British Pound is picking itself up from its lows comparable to those plunged in summer 2017, and starting to re-coup some of this year’s losses. The driver for this move is not monetary policy, nor recent data that has held up well in the face of […]
E Johnson & Johnson: Recession Safety, Growth And Valuation
As the ongoing bull market has become the longest in history and S&P is trading at an all-time high, many investors are afraid that a bear market is just around the corner. Consequently, they hesitate to have exposure to stocks, fearing that the losses from the current levels may be devastating. However, it is a […]
More ETF Innovation Coming To A Brokerage Account Near You
Innovation is great, using it incorrectly isn’t. I have written a few times about WisdomTree’s increasingly innovative suite of funds. WisdomTree was one of the first niche fund providers which at first focused on dividend oriented strategies but have since expanded to include a wide swath of strategy types including various kinds of alternative strategies, […]
E Canada’s Household Credit Growth Is Slowing, A Sign That The Economy Is Slowing
The good news is that Canadian household indebtedness has leveled off over the past couple of years, albeit at elevated levels. Other measures of indebtedness (e.g. debt-to-asset ratio and debt-to-net worth ratio) also suggest similar levels of relative stability. In other words, rising interest rates and tough new mortgage rules have finally achieved for Canadians […]
Ray Dalio: “Soundness Of Our Finances Is Weak”
Ray Dalio founded the largest and most successful hedge fund in the world, Bridgewater Associates. Today Bridgewater manages $160 billion and has produced returns of $49.7 billion for its investors since its inception in 1975. Thanks to his firm’s impressive performance, Dalio is now one of the 100 wealthiest people in the world. Dalio recently answered […]
E The Brexit Deadline Approaches, And The UK Economy Is Already Slowing
The Bank of England held off on raising interest rates at its September meeting, citing the greater uncertainty about future developments in the European Union withdrawal process. The central bank’s staff reported that businesses were tightening cost controls and holding off on investment ahead of Britain’s March 29, 2019 deadline for withdrawal from the EU. […]
US, Canada Set To Reach NAFTA Deal In “Chapter 19” For US Dairy Access Compromise
After a month of tense negotiations and with one day to go until the Sept. 30th deadline, the US and Canada are poised to announce a deal on NAFTA at the last minute, ending the impasse that has jeopardized $500 billion in annual trade between the two North American neighbors, Bloomberg reports citing people familiar […]
Oil Q4 Forecast: Global Oil Demand In Question As OPEC Output Falters And US Shale Booms
The outlook for global growth has been called into question in recent months as emerging markets bow under external pressures and developed economies engage in trade wars. On top of its already-enacted $250 billion tab, the US is weighing a further $267 billion in tariffs on China. The Trump administration has also suggested it may […]
