Market View
27.04.2017 | Investment newsletter
Going Global: A Look at Public Company Listings
Trivia time: how many stocks make up the Wilshire 5000 Total Market Index (a widely used benchmark for the US equity market)?
While the logical guess might be 5,000, as of December 31, 2016, the index actually contained around 3,600 names. In fact...
27.04.2017 | Quarterly report
Quarterly Market Report Q1 2017
This report features world capital market performance and a timeline of events for the past quarter, plus the year in review. It begins with a global overview, then features the returns of stock and bond asset classes in the US and international markets.
29.03.2017 | Investment newsletter
Investment Shock Absorbers
Ever ridden in a car with worn-out shock absorbers? Every bump is jarring, every corner stomach-churning, and every red light an excuse to assume the brace position. Owning an undiversified portfolio can trigger similar reactions.
In a motor vehicle, the suspension system keeps the tires in contact with the road and...
24.02.2017 | Investment newsletter
The Reality of Models
Checking the weather? Looking at a map of the world to plan your next vacation? Guess what—you’re using a model. While models can be useful for gaining insights that can help us make good decisions, they are simplifications of reality.
One example of a model is a weather forecast. Using data on current and past weather conditions, a meteorologist makes a number of assumptions and...
27.01.2017 | Investment newsletter
BEARINGS JANUARY 2017
A Vote for Small Cap Stocks?
In the days immediately following the recent US presidential election, US small company stocks experienced higher returns than US large company stocks. This example helps illustrate how the dimensions of expected returns can appear quickly, unpredictably, and with large magnitude.
Average returns for US small company...
24.01.2017 | Quarterly report
Quarterly Market Report Q4 2016
This report features world capital market performance and a timeline of events for the past quarter, plus the year in review. It begins with a global overview, then features the returns of stock and bond asset classes in the US and international markets.
...
21.12.2016 | Investment newsletter
Bearings December 2016
Prediction Season
Prediction Season The close of each calendar year brings with it the holidays as well as a chance to look forward to the year ahead. In the coming weeks, investors are likely to be bombarded with predictions about what the future, and specifically the next year, may hold for their portfolios. These outlooks are typically accompanied by recommended investment...
25.11.2016 | Investment newsletter
Bearings November 2016
The Power of Markets
In 1958, economist Leonard Read published an essay entitled "I, Pencil: My Family Tree as Told to Leonard E. Read."
The essay, narrated from the point of view of a pencil, describes the "complex combination of miracles" necessary to create and bring to market the...
25.10.2016 | Quarterly report
Quarterly Market Report Q3 2016
This report features world capital market performance and a timeline of events for the past quarter. It begins with a global overview, then features the returns of stock and bond asset classes in the US and international markets.
19.10.2016 | Investment newsletter
Bearings October 2016
Presidential Elections and the Economy
Next month, Americans will head to the polls to elect the next president of the United States.
While the outcome is unknown, one thing is for certain: There will be a steady stream of opinions from pundits and prognosticators about how the...