A recent article in the AAII Journal outlined an interview with Mark Hulbert (of Hulbert Financial Digest) in which the MarketWatch senior columnist shared lessons learned during his years of…
Investors as Bullish on US Stocks as in January 2015
Professional investors have turned bullish on U.S. stocks, their enthusiasm “fed by an especially buoyant earnings season that is offsetting other concerns,” says an article in CNBC.com. “Domestic equities are holding…
Larry Jeddeloh: New Era for Markets is Here
A Barron’s article from August outlines an interview with Larry Jeddeloh, founder of the Institutional Strategist newsletter and the research firm TIS Group, in which he shared insights regarding the…
Relative Performance of Growth vs. Value Stocks
A CFA Institute article poses the question: does the long run of growth stock outperformance suggest that value stocks must be due for an uptick? Although growth stocks have outperformed…
Economic Data Can Lead Us Astray
Short-term macroeconomic data can pose challenges for analysis of policy changes, according to an article in Bloomberg. “Every time a new macro data point comes out,” it says, “commentators rush…
Swedroe on Persistence in Active Investment Performance
In an article for ETF.com, Bam Alliance director of research Larry Swedroe summarized the findings published in the S&P biannual Indices Versus Active (SPIVA) reports which compare the performance of…
The Pitfalls of Back Testing
By Jack Forehand (@practicalquant) — Active investment managers have a pretty dismal long-term record. Depending on which study you look at somewhere between 80% and 90% of managers underperform their benchmarks…
Jamie Dimon Predicts 5% Treasury Yield
At the Aspen Institute’s 25th Annual Summer Celebration Gala in August, JPMorgan Chase CEO Jamie Dimon warned that a 5 percent yield on the 10-year Treasury is in the offing.…
It's Hard to Predict Bear Markets
A recent Vanguard blog discusses the challenges faced when trying to predict a market downturn. “While all bear markets involve a loss of investor confidence,” it says, “an assortment of…
Market Insights from Omega's Cooperman and Einhorn
Leon Cooperman and Steven Einhorn of Omega Advisors have worked together for 40 years and have nearly 100 years of investment experience between them, according to an article in Barron’s…