We are excited to introduce a new methodology that enables us to closely examine what has been driving any given stock's returns.
2017's bull market continued in February, with Dividend Yield being the month's standout factor. The low volatility factor’s positive return in an up month is also quite notable. Even low beta stocks, which are expected to underperform when markets are up significantly, were basically flat. Book/Price was the laggard this month. And Momentum, the best performing factor in the latter half of...
We hope that the new year has treated you well so far.
The first month of 2017 was a bullish one, more so for tech investors than for the broader market. The rally was helped by expectations that there wouldn't be quite as many Fed hikes as were priced in at the end of 2016, and the US dollar also saw a reversal after strengthening against many currencies in 2016. Apart from Estimate...
Happy New Year!
The end of one year and the start of another is always a time of introspection and reflection. In this case, we would like to apply that introspection to the factors that we help our clients track. We'll lead with what most investors are interested in - headline performance - and then revisit specific instances that could benefit from extra reflection.
The US election is over, and despite the reactions of many, this wasn’t a black swan event. It could hardly even be called a fat tail risk. Yet, an event that markets were giving between a 15% and 30% chance did in fact occur. Donald Trump now comes to power in an era of single party government, with the GOP controlling the House of Representatives and still barely in control of the Senate....
The US Election has gotten more interesting in recent days. What many people thought to be a lock for Clinton had started to show some signs of uncertainty, a falling market (9 consecutive down days) was attributed to election news. Today, as early voting numbers and the latest FBI release favors Clinton, this trend has abruptly and significantly reversed.
The Dow Jones Industrial Average occupies a funny place in finance. First calculated in 1896, it is one of the oldest and most prestigious indices. People have watched its movements throughout their career. However, it is handcuffed by an archaic methodology that makes it inferior to most other indices.
Every four years, October brings with it a rather unique risk: The US Presidential election. Each election cycle is different. In most cycles, the Democratic candidate rails against the evils of big business while the Republican candidate supports business interests. However, as even the most detached election observer knows, 2016 is different.