Financial News Aggregator and a little more!

  • US vs Eurozone comparisons
    Here are four charts that look at key aspects of the US and Eurozone economies: swap spreads, industrial production, equity prices, ...
  • Mixed signals put the market in a holding pattern
    The S&P 500 has rallied almost 17% in the past seven weeks, but it is still down about 6% from its all-time high of almost ...
  • Recommended reading: Sandy's War
    This essay by Kevin Williamson (arguably one of today's greatest philosopher-journalists) is fascinating, weaving together themes of social media, identity, fame, environmentalism and socialism in ...
  • The labor market continues to improve
    The January jobs report handily beat expectations, with a gain of 296K private sector jobs vs. expectations of 175K. Considering all ...
  • Waves of worry recede
    Since last October I've been arguing that the equity selloff had more to do with a "panic attack" than to any serious deterioration in the ...
  • Under the Influence
    WE LIKE TO THINK we’re rational, especially when it comes to spending and investing. But in truth, all of us are susceptible to impulsive decision-making ...
  • Little Jack
    I SUBSCRIBE to a number of financial magazines, as well as a daily newspaper. Lately, they’ve been piling up in my garage unread. I scan ...
  • Private Matters
    IN SUMMER 2000, the Art Institute of Chicago fell under the spell of a young hedge fund manager named Conrad Seghers. The allure? Seghers claimed ...
  • Newsletter No. 43
    WHAT DOES OUR financial journey look like? Obviously, we hope to grow wealthier over time. But our journey also reflects our changing thinking about money—as ...
  • All Stocks
    AFTER THE MARKET turbulence of recent months, the idea of a 100% stock portfolio would strike many folks as crazy. Yet, when I was in ...
  • US Stocks Led Partial Rebound For Asset Classes Last Week
    Equities in the US generated the strongest performance last week for the major asset classes, based on a set of exchange-traded products. By contrast, foreign ...
  • Macro Briefing: 18 February 2019
    Trump expected to demand that Venezuela’s Maduro step down: Bloomberg ECB executive board member: Europe’s slowdown is “significant”: Bloomberg Trump set to veto vote in ...
  • Book Bits | 16 February 2019
    ● Trade and American Leadership: The Paradoxes of Power and Wealth from Alexander Hamilton to Donald Trump By Craig VanGrasstek Summary via publisher (Cambridge University ...
  • Weak Retail Spending In December Weighs On US Q4 GDP Outlook
    The unexpected drop in retail sales in December has raised uncertainty about the upcoming report on fourth-quarter gross domestic product (GDP). Prior to yesterday’s update ...
  • Macro Briefing: 15 February 2019
    Congress sends legislation to Trump to avoid shutdown: Bloomberg Legal challenges await Trump’s decision to call a nat’l emergency: Reuters US-China trade talks set to ...
  • Learning Community AMA: James Clear
    This marketing content will be shown in place of your protected content to anyone who is not allowed to read the post… The post
  • The Distrust of Intellectual Authority
    It’s getting harder to have the expertise necessary to navigate every arena in our lives independently. Sometimes, we need to defer to the expertise of ...
  • Compounding Knowledge
    The filing cabinet of knowledge stored in Warren Buffett’s brain has helped make him the most successful investor of our time. But it takes much ...
  • Getting Ahead By Being Inefficient
    Inefficient does not mean ineffective, and it is certainly not the same as lazy. You get things done – just not in the most effective ...
  • Yuval Noah Harari: Why We Dominate the Earth
    Why did Homo sapiens diverge from the rest of the animal kingdom and go on to dominate the earth? Communication? Cooperation? According to best-selling author ...
  • Housing Bubble? What Bubble?
    As real-estate buyers, lenders, and builders got swept up in speculation before the historic housing bust of 2006-09, prices soared even as a flood of ...
  • 10 President’s Day AM Reads
    My President’s Day morning train reads: • Amazon’s grave HQ2 mistake: The political landscape changed but the company’s playbook didn’t (Recode) • Worry About Debt? Not ...
  • Podcast: Conan O’Brien with Guest Stephen Colbert
      Comedian, writer, and television host Stephen Colbert feels cool about being Conan O’Brien’s friend. Stephen and Conan sit down this week to chat about ...
  • 10 Sunday Reads
    My easy like Sunday morning reads: • Michael Bloomberg’s $500 million anti-Trump moonshot (Politico) • The plan to keep Trump’s taxes hidden (Politico) see also How Democrats Plan On ...
  • MIB: Joe Davis, Vanguard’s Chief Economist
    This week, we speak with Joseph H. Davis, Ph.D. He is Vanguard Group’s global chief economist and head of Vanguard Investment Strategy Group; he is also a ...
  • China is healing
    Recent top-down data out of China has been weak (see How worried should you be about China?), but there are some signs of healing ...
  • Peering into 2020 and beyond
    Preface: Explaining our market timing modelsWe maintain several market timing models, each with differing time horizons. The "Ultimate Market Timing Model" is a long-term ...
  • Nearing peak good news?
    Mid-week market update: Stock prices have been rallying as it hit a trifecta of good news. First, a compromise seems to have been made on ...
  • The Art of the Deal meets the Art of the Possible
    In his 2019 State of the Union address, President Trump said he was seeking "real structural change" to China's economy:I have great respect ...
  • Here comes the growth scare
    Preface: Explaining our market timing modelsWe maintain several market timing models, each with differing time horizons. The "Ultimate Market Timing Model" is a long-term ...
  • The Asset of Time (Hacking)
    I can’t remember where I picked up what I’m about to share. Maybe it was something I heard or a study I read. The source ...
  • Hacking Happiness
    Who doesn’t like being happy? Grumpy people that’s who. I’ve been there. You have too, grumpy pants McGhee.  It’s okay. We all get grumpy from ...
  • Investing In Yourself: Input/Output
    In investing (and life), pretty much every decision you make has a nuanced outcome. That is to say, there is very little black or white ...
  • Summer Daze
    It was a hot, humid east coast summer day. We were the kids of 1984. Back then the parents in our neighborhood had the same ...
  • The Heart: Lunch With Jim O’Shaugnessy
    When I first started writing here on I heart Wall Street, it was simply out of frustration. The title came to me serendipitously while talking with ...
  • US vs Eurozone comparisons
    Here are four charts that look at key aspects of the US and Eurozone economies: swap spreads, industrial production, equity prices, ...
  • Mixed signals put the market in a holding pattern
    The S&P 500 has rallied almost 17% in the past seven weeks, but it is still down about 6% from its all-time high of almost ...
  • Recommended reading: Sandy's War
    This essay by Kevin Williamson (arguably one of today's greatest philosopher-journalists) is fascinating, weaving together themes of social media, identity, fame, environmentalism and socialism in ...
  • The labor market continues to improve
    The January jobs report handily beat expectations, with a gain of 296K private sector jobs vs. expectations of 175K. Considering all ...
  • Waves of worry recede
    Since last October I've been arguing that the equity selloff had more to do with a "panic attack" than to any serious deterioration in the ...
  • Morning News: February 18, 2019
    Qatar Aims to Build $20 Billion Sports Sector Ahead of World Cup Hong Kong’s Growth Halved in Fourth Quarter as Trade War Hit Carmakers to ...
  • 18-Month Chart of the S&P 500
    Data may be incomplete. This may be an example of less data telling you more.
  • Industrial Production Fell 0.6%
    From Bloomberg: U.S. factory production unexpectedly contracted in January, shrinking the most in eight months on weakness in the automotive sector and indicating a weak ...
  • Moody’s Earned $1.63 per Share
    This morning, Moody‘s (MCO) reported Q4 earnings of $1.63 per share. That’s four cents below expectations. Revenue fell 9% to $1.1 billion. For the year, ...
  • CWS Market Review – February 15, 2019
    “Panics do not destroy capital—they merely reveal the extent to which it has previously been destroyed by its betrayal in hopelessly unproductive works.” – John ...
  • Introducing the S&P GCC Factor Indices
    The start of 2019 marks not only the 10th anniversary of S&P Dow Jones Indices in Dubai, but also the expansion of our single- and ...
  • Low Volatility Index Shows Its Utility
    The S&P 500 Low Volatility Index® made a valiant comeback in late 2018 after trailing for most of the year.  The strategy index finished the ...
  • Confusing Style and Selection
    A headline from yesterday was very intriguing: “Why investors crave a return to the art of stock-picking.”  Copious data demonstrate the peril of placing hope ...
  • Volatility and Active Management
    Recently, a number of reports highlighted a surge in popularity for actively managed U.S. equity funds in 2019.  The main explanation for this trend appears ...
  • An Unexpected Outcome for Stock Pickers?
    Active managers were welcomed by a disheartening headline this morning. “The 2018 Comeback That Wasn’t for Stock Pickers” highlights that “just 38% of actively managed ...
  • Halloween 2018: Crab claws!
    Do you need something to cheer you up? You got it: I should explain this costume a little bit. At the US Digital Service, we ...
  • Some terrible personal news
    Cindy Cutts, my wife and best friend, passed away earlier this week. While I was traveling for work recently, Cindy went to visit her family ...
  • Talking to Mr. Money Mustache about the US Digital Service
    Last week, I passed my one year anniversary as head of the US Digital Service (USDS). So when Mr. Money Mustache asked for an interview, ...
  • Staying with the US Digital Service
    A few months ago, I took a leave of absence from Google to do a stint with the US Digital Service. A lot of people ...
  • A brief update
    Over the last couple years, I’ve seen more and more people in technology trying to make government work better. They’re idealists who are also making ...
  • The problem of N=1
    I am big on evidence, big on reason. Probably at times bordering on psychopathic in how much I try to rely on reason over emotion. ...
  • 2018 In Review
    Well. Here we are, folks. You just went through one of the most dramatic declines in US stocks in a single quarter in decades. How’d ...
  • How I Got Here – McKenzie Ebbesen
    I am excited and honored to announce my new role as a Financial Consultant with Bason Asset Management. Aside from my love of numbers, I ...
  • The Evolution of Bason Asset Management – Introducing McKenzie Ebbesen
    Since I launched this firm in 2012 I knew that I wanted to do things differently than the typical advisory firm. On the surface, this ...
  • Colorado Gives Day is Coming!
    Tuesday December 4th is Colorado Gives Day, an annual statewide push to increase charitable giving via online donations.  In recognition of the day, again this ...
  • Modern Monetary Madness
    More than 10 years ago some Australian readers begin regaling me with the ideas of economist Bill Mitchell of the University of Newcastle in New ...
  • Capitalism Without Competition
    The Soviet Union’s collapse and spread of semi-free markets through Eastern Europe seemingly ended the socialism vs. capitalism argument. Capitalism had won. Collectivist economies everywhere ...
  • What Should We Then Expect (From Investing)?
    “Plans are worthless, but planning is everything.” —US President Dwight D. Eisenhower
  • How Should We Then Invest?
    "To be absolutely certain about something, one must know everything or nothing about it."
  • Bull in the China Shop
    The production of souls is more important than the production of tanks.... And therefore I raise my glass to you, writers, the engineers of the ...
  • dear prudence
    An amorphous concept is meant to guide investment decision makers. Some thoughts about its day-to-day application.
  • the dangers of maximization
    Searching for the very best manager, model, strategy, or asset class is the classic investment game. But is it the one that we should ...
  • best and brightest
    A look back at a critical failure in American political and military history provides some lessons for those leading and analyzing investment organizations.
  • quant questions
    The explosion of interest in quantitative investment management presents a variety of issues for asset owners and those who investigate strategies on their behalf.
  • through the glass door
    With new tools available to dig up information on people and organizations, how should they be used in your analytical process to get a sense ...
  • M&A Deal-Flow Faltering & Brexit is One Culprit
    The latest Intralinks Deal Flow Predictor says that the current M&A upcycle, which this report describes as having begun in 2014, is about to peak. ...
  • A Proposed Model for VIX Derivatives Pricing
    The VIX may be about to get some competition. VIX is the “fear gauge,” the very visible measure of expected price fluctuations in the S&P ...
  • Can LIBOR Be Replaced?
    Given a long wave of scandals that lasted from 2008 until 2012, most of the derivatives industry, and most of its regulators, have agreed that ...
  • The Survey Says… 
    By Bill Kelly, CEO, CAIA Association Earlier this year, we surveyed the CAIA Association Membership to ascertain their views on investment-related topics as we step into 2019. We had well over 1,000 ...
  • Women in Alternative Investments: ‘Leveraging Diverse Perspectives’
    “With change happening at an unprecedented pace, it is fitting that alternative investment firms are strategically focused on leveraging diverse perspectives in these disruptive times,” ...
  • Auto Loans Are Not the Next Subprime
    The latest macro worry from the past week deals with auto loans. According to the Federal Reserve Bank of New York there are more than 7 ...
  • What’s Up With My Tax Refund?
    A reader asks: I’ve seen a number of social media and other reports about people being upset that their tax refund was lower than in previous ...
  • The Dreaded Earnings Recession
    Earlier this week, Morgan Stanley equity chief Mike Wilson told CNBC an earnings recession has arrived and the market is not ready for it: “We are ...
  • Animal Spirits Episode 68: The Rich Man’s IRA
    This week’s Animal Spirits with Michael & Ben is sponsored by YCharts: Mention Animal Spirits and receive 20% off your subscription price when you initially sign up for ...
  • How to Wreck a Pension Plan in 3 Easy Steps
    It’s hard to find many investment books since the turn of the century that don’t include the research paper from Roger Ibbotson and Paul Kaplan ...
  • Quarterly Letter
    We killed our quarterly investment letter to clients two and a half years ago and nobody said a word....
  • How to start your weekdays
    We don't use the term "unprecedented" very often around our shop...
  • This Week on TRB
    These were the most read posts on the site this week, in case you missed it: ...
  • Clips From Today’s Halftime Report
     Advice on how to invest in ETFs #AskHalftime from CNBC. 5 stocks to watch from CNBC. Simon Property Group downgraded at Mizuho from CNBC. ...
  • What New York Just Lost
    The below comes from my friend Peter Boockvar of The Boock Report and is reprinted with his permission. I thought it was perfectly succinct and ...

info@streetsleuth.com

Back to Top