In this edition, we discuss the impact of rising interest rates and how they relate to our portfolio and the overall economy. We also discuss the behavioral pitfalls that investors face in an aging bull market. Finally, we discuss geopolitical issues that challenge today's investor.
This brief provides a primer on the UK's decision to leave the European Union. The immediate market reaction and long-term investment implications of the referendum are discussed.
This brief outlines the causes of the recent market turmoil and includes a short discussion of how we view markets through the lens of our investment research.
In this edition, we discuss the U.S. economic recovery in light of global events, Fed stimulus and U.S. politics. We present evidence that the Fed's plan to taper and the subsequent rise in interest rates does not preordain weak future equity returns. This discussion is followed by a review of our portfolio positioning based on current economic and market factors.
In this edition, we discuss key portfolio risks that all investors should avoid, what's attractive in today's market environment, and how recent decisions in Washington are impacting our portfolio investments and our global outlook.
We review the options available to investors seeking income in a low yield environment and analyze the expected behavior of these investments in various market scenarios.
In this edition, we discuss our investment strategies and portfolio positioning. We also explore how a normalization of interest rates may impact the value of investment assets and home prices.
A discussion of how a loss of confidence is driving down prices and creating opportunities for fundamental investors.
A brief overview of the various asset classes held in our portfolios and our reasoning for holding each, in light of the current economic and market environment.
A new holding that helps to reduce the risk of rising rates in our bond portfolio, our latest research into the municipal bond market, and how we are positioning the portfolio for 2011 and beyond.
Two key drivers of future returns currently point to higher equity returns and lower bond returns over the next ten years. Also, a brief review of our take on other asset classes and resultant changes to our portfolios.
An update on our current portfolio positioning, comments on overcoming the behavioral pitfalls of investing, and how we are addressing the risk of future inflation.