Looking for Themes in a Range-Bound Market
Large-cap indices are benefiting from high-quality stocks this year.
US
What Next for Equities?
Following a period of stellar earnings growth, U.S. equity valuations have improved, but remain high as earnings momentum begins to decelerate.
Underweight Small Caps?
Investors should seek quality, not necessarily different capitalization sectors.
Whither Inflation?
While most investors believe inflation is set to rise, this is hardly a foregone conclusion; indeed, the threats of high inflation and deflation both remain.
REITs Decimated in April; Time to Jump in?
REITs are now fairly valued, but proceed cautiously.
TIPS Revisited
Yes, yields are low. But TIPS still have a few things going for them.
Where has all the Money Gone?
Money supply growth has slowed to a trickle; what does this mean for equity markets?
Rallies From Bear Market Lows
Rebounds from bear market lows are illusory and quick; trying to play such rallies is a fool’s errand.
Reflation Takes Hold
The bulls had their way in 2003, and while the economy could surprise on the upside in 2004, equity valuations and economic structural problems remain a concern.
Small-Caps–Beyond Speculating
Will their speculation-driven rally persist?