The US Presidential Election: A Brexit Redux?

Many Americans will head to the polls next Tuesday feeling caught between a rock and a hard place, forced to choose between two of the most unpopular candidates to vie for the Oval Office in recent history.

The European Refugee Crisis: Investment Opportunity or Risk?

Newspaper headlines shout the story: “Mass Migration in Europe is Unstoppable” and “A Mass Migration Crisis, and It May Get Worse.” Despite the near-apocalyptic tone of the press, the actual situation is not as unique as suggested. The humanitarian crisis is heart wrenching; however, we are going to focus on addressing the broader questions of human migration trends, the specific issues facing Europe and what the future might hold, and potential investment implications.

The Broken Silence: Three Big Questions remain unanswered

The Broken Silence: Three Big Questions That Remain Unanswered

Earlier this summer, our Research & Papers entry “Interpreting The Sound of Silence” walked readers through different interpretations of the market calm that overtook markets for much of the summer. Since that writing, conditions have become more volatile, as previously highlighted concerns such as geopolitical risk and inflation have begun to play out. Right on […]

Geopolitical Risk or Opportunity?

During the second quarter of this year, an almost-eerie calm has settled over markets. For the first time in more than 20 years, bonds, stocks and commodities all rose together, while volatility across all asset classes continued to decline to extremely low levels. This was especially unusual given the domestic economy’s contraction during the first […]

The Surprises of 2014

Once again Bob Reiser, Senior Advisor on our Investment Strategy Team, has prepared a list of “forecasts.” As in previous years, the views expressed herein are solely those of Bob Reiser’s and may not be shared by other members of the Investment Strategy Team. This is the fourth year that I have prepared a list […]

Muni Mess: What are the Implications of the Detroit Bankruptcy Filing?

On July 18, 2013 Detroit filed Chapter 9 bankruptcy, seeking to restructure more than $18 billion in debt. The eighteenth largest city in the United States, Detroit is the largest municipality ever to take this kind of action (New York City famously became insolvent in the mid-1970s but averted an actual bankruptcy with a Federal […]

The behavior gap

The Behavior Gap

Research firm DALBAR’s “Quantitative Analysis of Investor Behavior” has because somewhat famous for showing that in terms of performance results, investors tend to be their own worst enemy. For instance, for the 20-year period ending in 2010, the annualized return of the S&P 500 was 9.14%, while the average equity fund investor gained only 3.83% per […]

The Internet of Things

In his 2008 book The Internet of Things, technology innovator and entrepreneur Kevin Ashton spoke of the next evolution of the Internet – from the world’s loose data network of personal computers and servers to a platform that connects to and alters our physical world and behaviors. The phenomenon of the “Internet of Things” has been […]