Amid New-Year Forecasts, Focus on Fundamentals, Not Endpoints
Year-ahead predictions of index and price points rarely turn out to be accurate...
April 15, 2018Surfing for opportunities while using vigilance to avoid wipeout
April 3, 2019Just because the market is celebrating the Fed’s policy u-turn doesn’t mean volatility is a thing of the past. Disconnects between fundamentals and assets prices don’t make for market stability.
March 15, 2019Turns out price matters for excess returns, and that what’s worked before doesn’t necessarily persist into the future. “Many factors aren’t real.”
February 19, 2019Caveat emptor: current technical supply and demand flows favor issuers more than buyers. But diligent, disciplined investors can always find attractively priced, fundamentally sound bonds.