Sample Our Reports, Presentations, & Market Insights
Myths About Chinese Stocks: Why A Stock Market Crash Is Already Priced In Since foreign investors cannot buy A-shares, which are up 72% this year, their Chinese investments have to be in B-shares. These shares have gained 7.80% this year, less than...
Private Equity/M&A How They Drive Stock Returns And Corporate Bond Issuance Record M&A activity is reducing the supply of stocks available which is pushing prices higher. To finance these transactions, corporate bonds are being issued in...
Updating Our Outlook Audio Link of Conference Call A transcript of the May 17, 2006 conference call.
Will ETFs Change The Way We Invest? Macro investing has taken hold in the U.S. market. Managers specializing in small capitalization stocks learned the hard way that after all the analysis of a company’s prospects, the success of an investment...
Equity Shrink Increased U.S.-World Convergence A statistical comparison of U.S. and non-U.S. equity returns before and after mid-2004 reveals the real consequence of the U.S. equity shrinkage has not been higher returns in the U.S. but rather a...
The “Correctionless” Bull Market Continues Yesterday the Dow Jones Industrial Average (DJIA) closed above 13,000 for the first time ever. The S&P mid-cap and S&P small-cap indices also made new all-time highs. The large-cap...
Memo to the Markets: Alan Greenspan Is No Longer Fed Chairman Alan Greenspan was the chairman of the Federal Reserve for almost 19 years (1987 to 2006). By the end of his tenure, he was being hailed as the greatest central banker of the 20th century....
March Total Return Review: All Commodity Indices Are Not Created Equal The attached tables update the total returns through March Also, a look at the differences of various commodity indices by weighting.
Can The Stock Market Balance The Budget? During the recent period of increased market volatility, we have been arguing the U.S. equity market is the center of the financial universe. Its movements drive other markets. With some new income data, we...
Impact Of Mortgage Equity Withdrawal An analysis of the Greenspan-Kennedy mortgage equity withdrawal data rejects the notion American consumers were financing consumption by borrowing ever-greater amounts against their houses.
U.S. Investments Abroad A series of charts details the net purchases of foreign assets by the U.S. Are these flows dictated to any degree by currency movements or the relative returns between countries?
We’re All Stock Traders – Part 2 What appears to be happening this past week is nothing more than a garden-variety stock market correction. Yes we had the biggest down-day in four years, but things like this happen when stocks are...