Factor investing has become an important theme for investing. It allows an investor to determine what parts of their investments are driving return. It’s not only important to determine what is driving your investment return but how you are obtaining a particular factor exposure. Growth...
“Don’t fight the fed” and “Don’t fight the tape” are expressions that have echoed from market professionals throughout the second quarter of this year. This has resulted in bubbling valuations in certain parts of the market. The second quarter has seen peculiar things such as...
One of the great challenges with portfolio construction as we look forward over the next 5 years is the lack of reliable risk models that reflect the realities of today’s investment environment. Never have investors been faced with near zero short-term bond yields as well...
This quarter has been the worst quarter in over a decade. The S&P 500 Index officially crossed into a bear market on 3/12/20, which is defined as a period in which an index falls 20% from a new high. This marks the 6th...
As we move along in year 11 of the country’s longest ever bull market, it’s fair to wonder when it will end. Below is a list of all the 13 largest bull markets, showing just how impressive the longevity of this bull market has...
Sector Rotation is one of the most popular investment strategies. In this strategy, portfolio capital is re-allocated to different sectors based on various indicators. These indicators can include business cycle indicators, market indicators, trends, momentum and more. How re-allocation occurs depends largely...
We are now more than half way through 2019, and we believe the theme of this market has been headline risk. The consequence has been volatility in the market, which has made it very difficult for investors to identify an entry point in...
Factor investing uses a set of easily definable characteristics to produce a universe of stocks that meet certain criteria. For instance, the value factor looks at metrics like P/E ratio to find stocks that are priced below that of their peers. This makes factor investing...