Coronavirus: The Black Swan
Black Swan taking off (Cygnus atratus) South Island, New Zealand (Photo by: VWPics/Universal Images … [+]VWPICS/UNIVERSAL IMAGES GROUP VIA GETTY IMAGES The equity market finally had a reaction to the effects of the coronavirus (Covid-19) last week, and it was significant with the S&P 500 falling 252 points (7.4%) from its record high close […]
Lies, damned lies, and statistics
Today’s world thrives on instant gratification, tweets and sound bites. In-depth analysis rarely makes headlines, and by the time the in-depth analysis is available, the media have moved on to the next tweet sensation. And so, the business community was left with only a superficial reading of April’s retail sales numbers, possibly resulting in erroneous […]
“Set it and forget it” a terrible portfolio philosophy
“Set it and forget it” a terrible portfolio philosophy Robert Barone, Ph.D. 2:53 p.m. PDT April 30, 2015 Neither passive investment strategies nor robo-advisors can maximize profits as well as active management Today’s Wall Street is perpetuating the idea that investor portfolios cannot perform better than the market indexes. The markets are “efficient,” they say, […]
Reconciling Contradictory Data
Originally published in RGJ’s Business Section, Sunday, 4/5/15 The markets are still concerned about a weakening U.S. economy, as data from the industrial portion of the economy continues to show weakness, even in March. The ISM Manufacturing Index fell to 51.5 in March, its lowest level in more than 2 years; ADP indicated that private sector […]
Three Uncertainties Are Driving the Markets
The financial markets have been focused on three uncertainties: the strong and rising value of the dollar vis a vis other currencies, weakening U.S. economic indicators, and the timing and magnitude of Fed policy actions. All this with a background of the ongoing Greek tragedy and continued political strife and terrorism worries. Volatility has resulted. […]
Uncertainties driving the markets
Originally published on RGJ’s website, http://www.rgj.com/story/money/business/2015/03/20/uncertainties-driving-markets/25113763/ The financial markets have been focused on three uncertainties: the strong and rising value of the dollar vis a vis other currencies, weakening U.S. economic indicators, and the timing and magnitude of Fed policy actions. All this with a background of the ongoing Greek tragedy and continued political strife […]