Stock Market Investors Are Playing For Time
The Fed ended its zero interest rate policy, after 13 years. Bonds have normalized. Stocks are yet to adjust. It's only a matter of time.
What did Bill Gross (“the Bond King”) Mean When He Said Bond and Stock Markets were Overvalued?
Bill Gross lays out a cogent case for why bond and stock markets remain overvalued. Short-term US Treasury Bills remain the one large US asset class offering higher than expected returns.
Robust Errors
How can we have useful models that forecast performance a decade from now, but tell you nothing about the short or intermediate term? We believe that the journey you have already partially completed informs the rest of the trip.
Trend Following: Generate Market Returns, Reduce Financial Anxiety
Trend following is a an investment methodology that can reduce financial anxiety while still preserving returns.
An Update on Expected Returns from US Treasury Bills to the S&P 500
An extremely anomalous 15 year period in financial markets has ended. A new one, equally as strange, has begun.
Measuring Growth Versus Value Stocks After a Rocky Start to the Year
What should investors favor today, growth stocks like Apple and Google? Or value stocks like Johnson and JP Morgan?