After taking a closer look at interest rates and inflation we come to the heart of the matter: When interest rates, inflation, or both are on the rise...
Inflation is the rate at which money loses its purchasing power over time. As you might guess, there are many ways to measure such a squishy figure. T...
At its March 15–16 Federal Open Market Committee (FOMC) meeting, the U.S. Federal Reserve raised its federal target funds rate by a quarter-point. It...
Despite our fervent hopes that Ukraine’s sovereign rights would prevail over tyrannical aggression, it’s now clear that Vladimir Putin has doubled dow...
The recent conflict between Russia and Ukraine is an important reminder that geopolitical risk is a part of investing in global markets. Navigating ge...
The underperformance of small caps in 2021 was driven by poor returns of small growth companies with low profits. These companies have underperformed...
Capturing the size, value, and profitability premiums in real-world portfolios requires expertise. Investors should be cautious about favoring one pr...
Intangible assets have always been a part of the economic landscape. They include patents, licenses, and computer software as well as branding, reputa...
Have you been reading the daily headlines—watching markets stall, recover, and dip once again? If so, you may be wondering whether there’s anything yo...
It was a year of uncertainty and anticipation, of hopes for a return to a degree of normalcy following the onset of the COVID-19 pandemic in 2020. And...
This is no surprise. The world is enormous. To cope with information overload, we engage in what behavioral psychologists refer to as heuristics. Thes...
While both simulated and real-world data suggest momentum may not be suitable as a driver of long-term asset allocations, we believe momentum consider...
