Armageddonists and the portfolio cost of fear, 2010-2019
An update from the front lines of the Trade War, with a focus on implications for investors
The Guide to the Markets provides an effective framework for communicating key market and economic issues to investors
A close look at the Progressive Agenda, China’s deteriorating welcome mat in DC and US Tech IPOs.
Michael Cembalest analyzes the performance of over 6,700 domestic and international active equity managers, and discusses the challenges they face outperforming at a time of markets distorted by quantitative easing.
This paper explores how re-enrollment can help solve the widespread problem of inappropriate asset allocation by DC plan participants.
Why averages can mislead in retirement plans-and how to move beyond them
The food fight between the President and the Fed Chair could result in too much easing, and the expansion of valuations beyond sustainable levels. The other food fight: leveraged loan issuers vs buyers. Issuers are winning this fight hands down due.
Michael went on a search for Democratic Socialism in the real world, and ended up halfway around the globe from where he began.
Michael discusses US-China trade war in context, the outlook for prescription drug price legislation, and an updated ideological scorecard for 2020 Presidential candidates.