Is the United States Set for a Spike in Inflation?

We doubt it. But, price levels are likely to rise gradually in the months ahead, as the rebound in energy commodities continues to impact measurements. Recent inflation data releases have raised concerns about a potential spike, with headlines warning that the consumer price index (CPI) posted its largest monthly gain in four years. Concerns appear […]

March 2017

Are “Reflation Trades” Reversing or Just Pausing?

Some of the reflation trades that received a boost from the US election (such as the stronger US dollar and higher US bond yields) look to be merely taking a breather as investors square positions; however, the fundamental support for others—particularly the outperformance of US small-cap equities—is challenged. The US election was not the only […]

February 2017

Why Shouldn’t Investors Simplify to a 70/30 Portfolio?

Simple is not so sweet in the current environment. In a world of global uncertainty, investors should place a premium on diversification. The siren song of the simple portfolio may be difficult to resist, but its appeal is based on recent performance that is unlikely to be repeated over the next decade. Prospective long-term returns […]

January 2017

Trimming the Fat While Sniffing for Truffles

Late-stage investing is challenging. As central banks around the globe have generally been in easing mode, valuations for bonds and risk assets have appreciated, leaving very little value and some pockets of froth. Ultra-low yields have pushed investors into increasingly risky assets—from high yield bonds to venture capital—in search of attractive returns. In this webinar, […]

July 2015