Nobody Likes to Pay More for Stuff. So Why Does The Fed?
Most folks on Wall Street agree prices for all sorts of things are moving higher, both at the goods level (think corn, oil, copper, houses, used cars) and at the broad basket level (think the Consumer Price Index). Now, given the shutting down of the…
Not to Get Technical, But Let’s Get Technical
One of the more interesting points about investing is the myriad of ways one can go about putting capital into risk assets. Among other options, there are actively managed and passive vehicles; there are highly-concentrated and broadly-diversified strategies; and there are fundamentally and quantitatively driven…
Dow 36,000? Dow 148,000?
At the risk of stating the obvious, those of us who have been paying attention to the markets for the past 21 years have seen a thing or two: the bursting of the tech, media and telecom stock market bubble and the bear market and…
Thinking About Blockbuster Video After a Blockbuster Week
All (most?) of us are likely users of the ubiquitous streaming service, Netflix; most (many?) of us likely remember when Netflix wasn’t even a streaming service, but a purveyor of DVDs by mail; and many (some?) of us likely remember what life was like before…
One IMF Saves the World, the Other Upgrades the World (Economy)
The 7th installment of the Mission Impossible movie franchise starring Tom Cruise should hit theaters this November, twenty-five years after the premiere of the first film (which featured the great Anthony Hopkins and the great line, “Mr. Hunt, this isn’t mission difficult, it’s mission impossible….
Our “20/20 vision”
To say investors have had a few things vying for their attention these past few weeks might be the understatement of our brand new year. Consider that so far in January we have seen the market consistently hit all-time highs; the US and Iran approach…
Our great economic expansion isn’t dead yet!
The great American writer and humorist Mark Twain was author of many famous sayings, most notably “Reports of my death have been greatly exaggerated.” We think that most famous of Mark Twain sayings applies nicely to our ongoing – and now record – US economic…
Baby boom – Great for economic growth, but there isn’t one in sight
At a high level, two factors drive economic growth: 1. growth in a labor force (e.g. more people working this year versus last year) 2. growth in productivity (e.g. people producing more this year versus last year). So, the basic formula for growing an economy…
A good rule of thumb for valuing the market
Coming into 2019, Brinker Capital believed if we could solve for monetary policy risk and trade policy risk that the economy and markets would be biased higher. Well, so far, we’ve received more good news than bad on both fronts, and risk assets and the…