Value Stocks Have Never Been Cheaper

Value investing has been a losing strategy in recent years, and value stocks are currently trading at the steepest discount in history. This according to a recent article in MarketWatch.…

Zero Interest Rates Forever?

A recent article in Bloomberg discusses the outlook for the federal deficit and potential repercussions with respect to interest rates. The article reports that the Congressional Budget Office’s release of…

Should CAPM Be Retired?

A new paper argues that factor investing challenges the decades-old Capital Asset Pricing Model (CAPM), according to an article in Institutional Investor. The paper’s co-author, Northern Trust Asset Management’s head…