How Should Investors React to Trump’s Election?

No matter who you supported this election, the last year presented perhaps the most grueling and polarizing campaign season in U.S. history. The mood of the country is flummoxed—are we feeling relief, anger, uncertainty, optimism, pessimism, hope, or despondency? It is an interesting time. Depending on how you felt about the outcome, you may be […]

Will AT&T Buy Time Warner?

Already a leader in mobile, fixed telephone and satellite television services, AT&T is apparently looking to boost content – by acquiring TV Network Time Warner. And, it’s willing to shell out $85.4 billion for it. AT&T is already a provider of broadcast television services through DirecTV. But, as online video streaming rapidly takes over traditional […]

Is the Corporate Borrowing Binge Out of Control?

Earlier in the year I wrote about corporations taking on a record amount of debt, and the storyline has not changed in the few months since I penned that piece. New corporate debt issuance is set to eclipse $1.5 trillion – that’s right, trillion ­– this year, and a majority of the new debt is […]

Money Managers Are Raising Cash, Should You?

A recent study by Bank of America revealed that money managers have increased cash levels in portfolios to fairly dramatic levels (on a relative basis). According to the research, cash balances rose from 5.5% of assets under management (AUM) to 5.8% in October. Managers cited uncertainties over the election outcome and fears of a bond […]

Is Deutsche Bank a Threat to the Global Financial System?

Reading the financial news on a regular basis can be vexing. Oftentimes, it feels like an exercise in sorting through stories about “the next shoe to drop,” separating the ones that carry significant pricing power from the majority that are overblown. The recent story about Deutsche Bank’s problems may be in the unique position of […]

Why Political Gridlock is Good for Stocks

If watching the presidential debates and thinking about the outcome of the presidential election makes you cringe a little, we have two things to tell you: 1) You are not alone; and, 2) You probably don’t have much to worry about when it comes to stock market investing. We’ll explain below why we think point […]

How Does Increased Demand for Preferred Stocks Affect You?

The chorus heard around the capital markets these days has actually been the same for years: it’s difficult to find yield in the marketplace. You’ve heard it before, and may even know the challenges firsthand as you manage your investment portfolio. Many investors have been turning to preferred stocks as an alternative to bonds in […]

Courting America: Inside Britain’s Relationship with the United States

We’ve come a long way in our relationship with Great Britain over the years. And by ‘years,’ we mean hundreds of years. Let’s start from the beginning. In 1776, the United States declared independence from Great Britain, with the American Revolutionary War lasting until 1783. Two years later, the two countries established diplomatic relations, and […]

Should Your Portfolio Weight to Small-Cap Stocks?

Small cap stocks have been on a tear in 2016. As of this writing, the Russell 2000 Growth Index (as measured by the ETF ticker: IWO) is up over +6% for the year, while the Russell 2000 Value Index (ETF ticker: IWN) is up close to +12%. Compare that to the S&P 500 Index’s +5% […]

Can Too Much Innovation Kill the Economy?

The robots are coming to take your jobs. The robots are coming to take your jobs. The robots are coming to… OK, you get the point. Technological change is happening at a rapid pace, and it is affecting the way we communicate and the way businesses operate. We’ve known this for years. But what has […]