Small Caps, Large Caps, and Interest Rates
It’s often claimed that small-cap stocks are more interest-rate sensitive than their large-cap counterparts because of their reliance on outside financing. This seems plausible. But ...
Data-Driven Investor
Navigating the Risks of AI in Finance: Data Governance and Management Are Critical
Regulators are cognizant of the disruptive impact and security threats posed by weak data governance (DG) and data management (DM) practices in the investment industry. Many ...
The Hidden Environmental Costs of Tech Giants’ AI Investments
Global technology leaders including Alphabet, Amazon, Apple, Meta, and Microsoft are increasingly integrating artificial intelligence (AI) technologies into their product offerings. ...
When Tariffs Hit: Stocks, Bonds, and Volatility
It’s been only a little more than a month since the US Presidential election, and already analysts’ heads are spinning over the potential impact of trade policy. President-elect ...
A Guide for Investment Analysts: Toward a Longer View of US Financial Markets
Understanding the historical context of financial markets is crucial for investment professionals seeking to make informed decisions in today’s complex landscape. This exploration of ...
Top 10 Posts from 2024: Private Markets, Stocks for the Long Run, Cap Rates, and Howard Marks
Asset owners have dramatically increased their allocations to private markets over the past two decades, driven largely by a mistaken belief that private debt and equity deliver ...
A Guide for Investment Analysts: The Prehistory of the US Markets
Before the Civil War, the US financial markets operated in a world far removed from today’s fast-paced trading floors. Auctions were held only twice daily and newspapers served as a ...
Beyond the Fed Model: Dissecting Equity Valuation Trends
With equity markets hitting record highs and the Fed Model signaling historically low valuation spreads, investors face a perplexing landscape. This post explores the intricacies of ...
Passive Funds: The Secret Ingredient to Smarter Active Portfolio Management?
In today’s investment landscape, the debate between active and passive management often misses a critical point: they aren’t mutually exclusive. Incorporating passive funds into ...
How Tariffs and Geopolitics Are Shaping the 2025 Global Economic Outlook
As the second quarter of 2025 approaches, the global economy advances with a mixture of resilience and unease. Though inflation is easing and growth has tentatively resumed, 2025 is ...
Show next