Operating earnings are the best measure for long-term investors to use when attempting to gauge corporate profitability.
Earnings growth may shake out in the low single digits when all is said and done, but at the current juncture, the risks feel tilted to the downside.
Monday’s spike in the repo rate is not extraordinarily worrisome, given both the context surrounding its timing and the availability of potential remedies.
The past few weeks have seen momentum and growth trades come under pressure, with value outperforming growth.
Armageddonists and the portfolio cost of fear, 2010-2019
In this special holiday edition, Michael explains how an evening at home went awry: how a discussion about China and Hong Kong morphed into a chart war about Trump, Hoover, Taft, Rachel Maddow and Anderson Cooper.
Themes and implications from the most recent Global Fixed Income, Currency & Commodities Investment Quarterly
A close look at the Progressive Agenda, China’s deteriorating welcome mat in DC and US Tech IPOs.
A brief comment on a proposal from leading Presidential candidates to ban hydraulic fracturing everywhere, immediately.