Chart of the Week: Positive Correlation – Convertible Bonds and Inflation
Positive Correlation: Convertible Bonds and Inflation
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Research
74 posts
Fed Starting Campaign To Taper Its Asset Purchases
Over the last couple of months, the Fed started its campaign to prepare markets for a “taper” of its asset purchases.
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Chart of the Week: Average Monthly Returns of Commodities During Various Inflationary Environments
Commodities perform best during inflationary environments.
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Have Stocks Already Priced in the “Economic Boom?”
The media is buzzing with claims of an “Economic Boom” in 2021. While the economy will most certainly grow in 2021, the question is how much is already “baked in?”
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Case Study: The Case for Convertibles
Following strong performance and record issuance of convertible bonds over the last several years, investors are beginning to take notice of the attractive characteristics of this unique asset class.
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#MacroView: Bear Markets Matter More Than You Think (Part-2)
Chasing an arbitrary index that is 100% invested in the equity market requires you to take on far more risk than you most likely realize.
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#MacroView: Confusing Market Crashes & Bear Markets. (Part-1)
Over the long term, confusing market crashes and bear markets can be detrimental to investor outcomes. Yet, this is what Morningstar did recently in discussing the market correction in 2020.
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#MacroView: NFIB Data Says It’s Only An Economic Recovery
The recent NFIB survey suggests we are only in an economic recovery, not an expansion. Such was a point I made with Daniel Lacalle in a recent podcast.
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#MacroView: Are Stocks Cheap, Or Just Another Rationalization?
Are stocks “cheap,” or is this just another bullish “rationalization.” Such was the suggestion by the consistently bullish Brian Wesbury of First Trust in a research note entitled “Yes, Stocks Are Cheap.”
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#MacroView: No, Bonds Aren’t Overvalued. They’re A Warning Sign.
The basic premise is that overpaying for earnings today leads to lower rates of return in the future. Of course, given the flood of liquidity from global Central Banks, the overvaluation of markets is of no surprise.
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