LOL, just kidding. But if that catches on, I own it. But seriously, the new market meme for 2014 is that active management is the new hot thing now that the crowd has all shifted mostly passive ($3 trillion now in index products or almost 30% of the total). There are seven major arguments being…
To Defeat My Enemy, I Must Become Him
Make no mistake, the market is your adversary, not your friend. All other investors are your competitors, though there is a computer screen separating you from them and their faces you will almost never see. This is why behavioral finance and investor psychology is the most interesting aspect of the game, the one that I…
Hot Links: Time to Shine
Your morning financial links, expertly curated.
Clips From Today’s Halftime Report
361 Capital Weekly Research Briefing
361 Capital portfolio manager, Blaine Rollins, CFA, previously manager of the Janus Fund, writes a weekly update looking back on major moves, macro-trends and economic data points. The 361 Capital Weekly Research Briefing summarizes the latest market news along with some interesting facts and a touch of humor. 361 Capital is a provider of alternative…
Chart o’ the Day: S&P 500 Relative Value by Sector
As the market has run up, several sectors have gotten historically expensive (we’re looking at you, Consumer Discretionary) but others have trailed the overall market’s normalization and now sell at a discount to their historical averages. Surprisingly, you’ll find the Technology sector at the top of the list in terms of its price to 2014…
Hot Links: Shortie’s Revenge
Your morning financial links, expertly curated.
Shinzo Abe on Abenomics 2014
The Japanese prime minister outlines how 2014 could shape up if the private sector structural reforms that comprise his “Third Arrow” should actually materialize… From Project Syndicate: Japan’s Coming “Wage Surprise” TOKYO – The year 2013 saw the Japanese economy turn the corner on two decades of stagnation. And the future will become even brighter…
The Empire Strikes Back?
In some ways, Wall Street will be forever chastened and changed by the events of the credit crisis and its aftermath. But in other ways, business as usual will surely continue for the nation’s Systemic Six banks, even if it’s a largely scaled back affair as Ben White demonstrated at Politico the other day (see…
The Reformed Trader
From that moment on, I started to see Wall Street with new eyes. I noticed the vitriol that traders directed at the government for limiting bonuses after the crash. I heard the fury in their voices at the mention of higher taxes. These traders despised anything or anyone that threatened their bonuses. Ever see what…