We are roughly six months into the market correction for Coronavirus. Over the next three posts, I will provide a market outlook. In part 1, we will look the impact on stock earnings and returns. In part 2, we will review the current state of the economy and relative value of equity market segments. In […] Read the full article…
• We use fundamental analysis to measure relative attractiveness • The US utilities and consumer staples sectors look expensive • US value stocks and the financial sector look relatively cheap • Emerging market equities continue to look like very cheap relative their growth Valuation Method The method used here is based on fundamental analysis. We […] Read the full article…
In the last several months, it would have been hard to miss the flurry of articles discussing the flattening yield curve and likelihood that a recession is near. Here are just a few examples, “The U.S. Yield Curve Is Flattening and Here’s Why It Matters”, “Replace Yield Curve as a Recession Predictor? The Fed Considers […] Read the full article…
This is the third and final part of a three part series on Factor Investing. See also part 1 and part 2. We have introduced the concept of Factor Investing (or Strategic Beta). In this article, I will wrap up the series with a discussion on three topics: 1) what are my ‘favorite’ factors, 2) […] Read the full article…