by csiska757 | Mar 29, 2019 | Commentaries, Things You Should Know
On Friday, March 22, 2019, the yield curve inverted when the yield on 3-month U.S. T-bills exceeded the yield on 10-year U.S. Treasury notes by 2.2 bps at the end of the trading day. As we noted in two of our 2018 quarterly letters, we have been monitoring the curve...
by csiska757 | Mar 6, 2019 | Commentaries, Things You Should Know
In our Delegate Advisors Asset Class Indicators for the first quarter of 2019, we raised our outlook for emerging market equities from underweight to neutral-to-overweight, reflecting what we believe to be an attractive long-term opportunity. The shift in outlook is...
by csiska757 | Oct 23, 2018 | Commentaries
In the third quarter, domestic equity market values continued to increase, reaching new, all-time highs. The strong performance was driven by the ongoing results of last year’s tax cuts, which have boosted corporate profits throughout the year. Markets continue to...
by csiska757 | Oct 23, 2018 | Commentaries
September 15, 2018, marked the tenth anniversary of what many consider the key event of the global financial crisis (“GFC”): the fall of the venerable Wall Street firm, Lehman Brothers. On this tenth anniversary, our quarterly letter will touch on some root causes of...
by csiska757 | Oct 12, 2018 | Commentaries, Heard From Clients
FIRST Selling everything and going to cash is generally a suboptimal investment decision. There is an old Wall Street saying that the market can remain irrational longer than you can remain solvent. Many great investors have been humbled by acting too early, even if...
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