#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…
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Siegel On Why Stocks Could Rise 30%
During a recent CNBC interview, Jeremy Siegel suggested stocks could rise another 30% before the boom ends. Just when it seems like “euphoria” can’t get much more “euphoric,” every bullish…
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There Is No Way This Bull Market Doesn’t End Very Badly
There is no way this bull market doesn’t end very badly. We all know that is the reality of this liquidity-fueled market, but we keep investing for “Fear Of Missing Out.”
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#Technically Speaking: Despite Correction, Investors Are Exuberant
Despite the recent correction in the markets, leading to a hedge fund imploding, investors remain exuberant. The hopes for more stimulus, government spending, and Fed liquidity displace fears…
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Is the End of The Value Trade Near?
The end of the value trade may be near as investors push prices beyond economic growth expectations.
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#MacroView: Could A “Transaction Tax” Be A Good Thing?
I recently discussed why “Free, Isn’t Really Free” regarding the retail investor. While “free trades” have certainly reduced the transaction costs, the selling of data to the highest bidder…
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The Fed Has Forced Investors to Take on Excess Risk
Since the “Financial Crisis,” the hope was that inflating asset prices would trickle down into economic growth. Unfortunately, after a decade of monetary interventions and artificially…
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Convertible Bonds in a Portfolio: Equity Participation with Better Sharpe Ratio
The Pier 88 Investment Team is constructive on the convertible bond asset class given a historically high Sharpe ratio, competitive yield, positive correlation with interest rates, risk-reward…
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#MacroView: Yellen’s “Go Big” MMT Plan May Disappoint
If you haven’t heard about Modern Monetary Theory, or “MMT” for short, by now, you will soon.
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Retail Investors Are Long On Confidence & Short On Experience
In a “market mania,” retail investors are generally “long confidence” and “short experience” as the bubble inflates. While we often believe each “time” is different, it rarely is. It is only…
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Adding Alternatives: Allocating to Hybrid Strategies
What Golf and Investing Can Tell Us About the Benefits of a Hybrid Approach
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Hybrid Strategy Allocation Calculator
The interactive Catalyst Insights Allocator Tool lets users understand the historical impact of implementing a hybrid strategy into a traditional 60/40 stock/bond portfolio.
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