Wall Street bulls will have a “narrow path” to win in 2023, provided inflation eases quicker than anticipated, says Ed Yardeni, founder of Yardeni Research. “They almost can’t win,” Yarden…
Author: Validea
Blackstone’s Heavy Concession Is A Warning
So many investors tried to withdraw their money from Blackstone’s large private property fund (BREIT) in December that the 5% quarterly cap is limiting how much can be withdrawn until…
Value Investing’s Revival Will Benefit Japanese Shares
Foreign investors are turning their attention once more to the Japanese stock market, where shares remain undervalued even as they experience record profits. That makes Japan ripe with opportunities for…
The Biggest Lessons From Our Five Most Popular Podcasts of 2022
2022 was a great year for Excess Returns. We were able to interview some of the smartest people we know and more than doubled our audience as a result of…
Fed’s 2% Inflation Goal Is Not “Credible,” Says Ackman
The Fed’s hoped-for inflation goal of 2% is “no longer credible,” wrote Bill Ackman, founder of Pershing Square Capital Management, in a Twitter thread he posted after Fed Chair Jerome…
Another Year Down – Learning from Quant Models
By Justin Carbonneau (@jjcarbonneau) — We’ve been running quantitative model portfolios since 2003. While many of our models were launched after that, our initial set of guru models actually went…
A Reckoning Over Junk Bonds Is Coming
As interest rates have crept up, they’ve begun to highlight which businesses can be sustained for the long run and which ones are built on cheap money. That separation will…
Hedge Funds Have Their “Hedge” Back
The last several years have seen lackluster performances from hedge funds—in 2021, they only returned about 10.3% while the S&P 500 returned almost 27%. And given their high fees, it’s…
Wall Street Missed The Bear Market
Wall Street analysts were fairly accurate in their predictions of S&P 500 companies’ 2022 corporate earnings but missed this year’s bear market completely, contends an article in The Wall Street…
Active Investing Will Be On The Rise in 2023
Active management will become more popular next year, as well as custom strategies for those investors who want to have more control over where their money goes, contends an article…