What’s Next for Home Prices?

The housing sector, hit incredibly hard during the Great Recession, has come a long way since those dark days. While the S&P/Case Shiller U.S. National Home Price plummeted by -18.5% from end of 2005 to December 2009, the index has since bounced back by +19.8% as of November 2015. Real investments in housing have gained steam […]

Happy Birthday, Bull Market!

Happy Birthday, Bull Market! – As of March 9, the bull market officially turned seven years old. Since its start, the S&P 500 has climbed +191% putting it now about 25% above its October 2007 peak. Entering its eighth year, this bull market is now the third longest on record and the fifth biggest in […]

S&P 500 Earnings: Where Are They Headed?

There’s no sugar coating it – the S&P 500 has been far from impressive over the last three quarters. Sure, the Energy drag has been seismic and resource-sensitive sectors like Materials and Industrials have also taken it on the chin. Still, Zacks Investment Management is seeing notable weakness in other sectors as well which is […]

Intrigued by Separately Managed Accounts (SMAs)?

Atlanta, GA asks…I’m intrigued by separately managed accounts (SMA’s)…can you tell me more about them? Thanks for asking Atlanta…most overviews of separately managed accounts usually include “compare and contrast” notes relative to mutual funds.  Here’s the run-down for you… It’s all about customization. That’s perhaps the most distinct advantage an investor will get from a […]

Japanese Bonds Offer Negative Yields (So Don’t Buy Them)

Japanese government bond yields have slipped into negative territory close on the heels of the Bank of Japan’s (BOJ) imposition of negative interest rate on banks’ excess reserves. Japan became the first G7 nation to issue benchmark 10-year bonds with negative yields, essentially meaning the government is getting paid to borrow money. Outrageous! The BOJ […]

Is the Next “Gold Rush” Here?

Bucking the global commodity rout, gold spot prices have surged more than +11% over the past six months. Interest in gold is typically driven by disinterest in alternatives or because there is a heightened sense of uncertainty (or, at worst, global panic). It follows that, given some uncertainty over global growth and deflation, gold has […]

Q4 2015 Earnings – Not a Pretty Picture

We’re midway through earnings season for 2015’s fourth quarter and the results appear rather grim. While large-cap corporations’ earnings were clobbered by substantial global exposure, their small-cap counterparts don’t look particularly good either. S&P 500’s Q4 2015 Scorecard Total earnings reported by companies accounting for 79.6% of S&P 500’s total market cap reveal earnings decline […]

S&P 500 Rebounding?

S&P 500 Stages February Rebound – the month of February looked much better for stocks – not quite a “v-shaped” recovery from January but still a good showing. The S&P 500 rose nearly 2% on the month meaning it’s still down for the year but not meaningfully (~2.5%). Hysteria to start the year has given […]

Bears vs. Bulls – Who Wins?

Nope, this is not a Chicago sports piece. It is, however, a review of the storm and stress of the current Bull vs. Bear “conversation” pitting the emotional vs. the rational, the headlines vs. the fundamentals and the reactive vs. the steady. I’ve written numerous articles addressing the negative and volatile start to the year, […]