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At the tail end of 2013, journalists asked money managers like myself about perceived threats to stock assets in 2014. My answer was simple: 'The possibility for policy missteps in the battle against...
A leading non-partisan tax policy researcher, The Tax Foundation, estimates that your first 111 days belong to the U.S. government. When the estimate includes the effect of federal borrowing, the date...
Before exchange-traded funds (ETFs) became widely accepted, the closed end fund, or CEF, offered investors the ability to trade a diversified investment throughout the day. CEFs have a fixed number of...
Whatever happened to the “Great Rotation?” You remember the predictive theory that ultra-low yields would encourage investors to rotate out of bonds and into stocks. The notion picked up...
In 2008, President George W. Bush expressed regret for an ill-conceived 2003 speech aboard the USS Intrepid in front of a “Mission Accomplished” banner. The blunder? The declaration of...
Here is something that investors can take to their “to-big-too-fail” banks: Authorities in China will never allow a full-blown credit crisis to decimate the world’s 2nd largest...
In a matter of weeks, funds like the Vanguard FTSE Emerging Markets ETF (ARCA:VWO) surged forward by as much as 8.5%. Do investors suddenly believe that Russia, Brazil and China will collectively get...
Don’t blame weakness in home sales on weather conditions. The National Association of Realtor’s pending home sales index has fallen for eight consecutive months. In fact, you can trace the...
Many fear that rising interest rates will crush income-oriented portfolios. Get over it — that was last year’s news. In fact, the vast majority of high-yielding assets have been the best...
Last week, board members of the Federal Reserve signaled that they may begin hiking overnight lending rates as early as 2015. A majority of analysts believe that the message is in line with an...
Many assume that a stock market’s direction depends on an economy’s well-being. It does not. In fact, a meaningful correlation between stocks and gross domestic product does not exist.Why,...
The investing public tends to place a great deal of faith in the forecasts of economists. To be frank, I am not entirely sure why. An overwhelming majority missed the impact that well-documented...
How do stock market benchmarks pop 1% out of the blue? Check your Twitter news feed. Crimea voted to join Russia as everyone anticipated. Industrial production rose more than expected in...
For the better part of three years, investing in mining companies has been an exercise in extraordinary patience. A significant portion of the poor performance is attributable to the slowdown in...
Non-residential construction, home building and manufacturing have been decelerating. Nowhere is this more evident than in the new 52-week lows being set by industrial metals like iPath Copper (JJC)...
One of the more noticeable trends in the current U.S. stock bull has been the flip-flopping of the bears. Steven Russolillo at WSJ.com recently profiled a variety of prominent voices who received...
Can we really attribute all of the horrendously weak economic data to icy pavements and polar vortexes? The Institute of Supply Management (ISM) services sector report for February recorded its...