This month’s video takes an in-depth look at the closed-end fund marketplace. Charts include both diversified CEF indexes and single fund names. Overall the trend remains solid, however we are starting to see stretched premiums and tight discounts across the entire spectrum. Risk is high and caution should be warranted at this stage of the cycle. Video recorded after the market close on February 8, 2017.
The churning in the stock market has created little net gain in the major domestic indices over the last four months. In this video, I look at areas of the market that are showing strong momentum, alongside those that should be viewed with caution. Charts include: large cap stocks, technology stocks, U.S. dollar index, emerging markets, interest rates, and municipal bonds. Recorded on October 25, 2016.
Despite a slow start to the month, the major domestic indices have recovered in kind and now sit in the middle of their consolidation range. In this video, I look at areas of the market that are showing a high degree of strength and those that are appearing weaker. Observations of risk and reward are noted throughout. Charts include: large cap stocks, small cap stocks, biotech, REITs, interest rates, and more. Recorded on September 21, 2016.
The structural bull market is still intact for large-cap U.S. stocks as several benchmarks hit new all-time highs. In this video, I look at areas of the market that are showing a high degree of momentum and also sluggish price action. Observations of risk and reward are noted throughout. Charts include: large cap stocks, international stocks, defensive indexes, emerging market bonds, interest rates, and more. Recorded on August 11, 2016.
The stock and bond markets have kept many investors on their toes through the first half of 2016. The tenor has been characterized by an extreme reach for yield and safety driven by falling interest rates.
In our opinion, this represents an important opportunity to evaluate how you are positioned with respect to key risks and opportunities. Now is not the time to get complacent or to be chasing performance in stretched assets with diminished expectations for future returns. Read more