The Size Factor Matters for Actual Portfolios
uttu The size factor is among those equity risk factors that have provided a premium over the longer term.…
Investment
ChatGPT: The Origins, the Hype, the Opportunity
For most investment managers, ChatGPT represents the starting whistle in a tech arms race many had hoped to…
Is Rising Income Inequality the 40-Year Bull Market’s Hidden Driver?
Economists and market participants have introduced increasingly sophisticated models over the past half-century to explain the ups and…
How Do Smart Clients Invest in Themselves? Know Their “Why”
“Ultimately, there’s one investment that supersedes all others: Invest in yourself. Nobody can take away what you’ve got…
More Realistic Retirement Income Projections Require Dynamic Adjustments
The following is based on “Redefining the Optimal Retirement Income Strategy,” from the Financial Analysts Journal. Last month,…
Is the Copper–Gold Ratio a Dependable Leading Indicator on Rates?
The Copper–Gold Ratio and Dollar Effects Institutional asset managers use the copper–gold ratio as one of the 10-year…
Myth-Busting: The Economy Drives the Stock Market
Introduction Switch on Bloomberg TV or CNBC at any time of the day and there is a good…
What ESG News Matters Most to the Market?
The following is derived from the 2022 Scroll Award-winning article “Which Corporate ESG News Does the Market React…
Debunking the Myth of Market Efficiency
Sixty years after it was first formulated, the core tenet of the efficient market hypothesis (EMH) — that…
The Active Management Delusion: Respect the Wisdom of the Crowd
“My basic point here is that neither the Financial Analysts as a whole nor the investment funds as…