Guessing the direction of interest rates is no easier than any other tactical or market timing decision. The yield on the benchmark 10-year Treasury note is just under 3.9%. That is about 100 basis points less than it was a few months ago. Fed policy is uncertain, inflation has not been fully controlled, and fiscal deficits loom as a long-term risk for yields to go higher.
Don’t believe the economic consensus, according to David Rosenberg. A recession is much more likely than a soft landing, and investors should allocate to 10-year Treasury bonds instead of stocks.
My last day with VettaFi is April 30, which will also mark the end of my journey with the Advisor Perspectives publication.
The First Eagle Credit Opportunities Fund (FECRX) just reached its three-year anniversary. The fund offers advisors and their clients access to private credit and syndicated loans through an interval fund structure.
India currently boasts the title of ‘fastest growing major economy in the world’ for the second year running. Yet many indexes and ETFs that focus on emerging markets are flawed and fail to capture the real growth potential.
Join VettaFi and EMQQ Global as they unpack why India is “the perfect emerging market” and share a unique strategy focused on the internet and ecommerce as the most transformative sector of the future economy.
Join Bob Minter and Dan Magnusson from abrdn as they discuss the current market environment and its impact on precious and industrial metals. They’ll also share their thoughts on where this unique asset class may fit within a diversified portfolio.
More advisors and firms are moving to fee-centric affiliation models, dropping their FINRA registrations and focusing on providing investment advice for a fee. What is the driver behind this trend?
We are in a “fourth turning,” according to Jeffrey Gundlach, where institutions will be challenged, and profound structural changes will unfold.
This is an interview by Robert Huebscher of Woody Brock. They discuss what it means for a nation to "go broke," the tactics a country can use to avoid insolvency, the relevance of the gold standard, and a key finding about sovereign deleveraging and its impact on its standard of living.
With Americans living longer and deferring retirement for lots of reasons, the retirement planning landscape is changing. Employers are not offering pensions, and the age to maximize Social Security benefits is increasing. All these factors make planning for retirement income crucial. I explore this in depth with Matt DiGangi.
I asked our authors and guest contributors the following question: Given the availability of spot bitcoin ETFs, would you recommend them (or any other cryptocurrency allocation) to your clients?
Rates are heading down, volatility will increase and there is a 75% chance of a recession in 2024, according to Jeffrey Gundlach.
Tweedy Browne is one of the most respected value managers. In this wide-ranging interview with its investment team, they explain why the opportunity set they are seeing among stocks is the best in 20-plus years.
Great articles don’t always get the readership they deserve. We’ve posted the 10 most-widely read investment and planning articles for the past year here and the top practice management articles here. Below are another 10 that you might have missed, but I believe merit reading.
“I believe the overall market will be up 10% to 15% from today's level by the end of 2024,” said Jeremy Siegel in our annual interview.
As is our custom, we conclude the year by reflecting on the 10 most-read investment and planning articles over the past 12 months. Tomorrow, we will highlight the 10 most-read practice management articles.
As is our custom, we conclude the year by reflecting on the 10 most-read practice management articles over the past 12 months. Tomorrow, we will highlight the 10 best articles you probably missed.
The federal deficit is already high at 6% of GDP. But if a recession hits – as Jeffrey Gundlach fears will happen next year – unemployment will rise, and the deficit and the interest the government pays on it will cripple the economy.
Join the experts at Innovator as they discuss their revolutionary strategy and reflect on its first year of performance.
Ryan Russell passed away, following a 17-month battle with cancer.
As Woody Brock explains, the fact that structural changes do exist, and that historical data are often of limited relevance presents a major opportunity for investors seeking to outperform others.
This is an interview by Robert Huebscher, founder of Advisor Perspectives, with Woody Brock. In it, they discuss four topics: (1) an update on inflation, interest rates, and the economy; (2) the only “legitimate” way to outperform consensus macro-economic forecasts when all investors possess the same information; (3) examples of this approach in practice; and (4) Woody’s two future research topics.
Join Delaware Funds by Macquarie’s Co-Head of US Multisector Fixed Income, Daniela Mardarovici and Managing Director and Senior Fixed Income Strategist Paul Matlack, for a discussion about how to talk to clients about cash allocations.
Join FS Investments Chief U.S. Economist Lara Rhame as she discusses the economy, the path forward for rates and alternative ways to navigate markets in the coming year.
Bob attended the Insider’s Forum in San Antonio last week - a gathering of several hundred financial planners that focused on the latest research in practice management and other topics for the advisory profession.
Bill Bengen has continued his groundbreaking research into retirement strategies. He has developed a framework for retirees to monitor and adjust withdrawals based on inflation and market performance.
Customization is increasingly important across a number of industries. For advisors, the ability to create personalized portfolios that can meet the specific demands and preferences for investors is going to be vital. Join the professionals at Envestnet and VettaFi as they unpack the latest in direct indexing innovation.
The consensus is wrong, and the Fed has not engineered a “soft landing.” A recession is all but certain in the first half of next year, according to Jeffrey Gundlach.
Todays markets remain unusual and perplexing, with the fixed income space in particular seeming both ripe with opportunities and fraught with danger. A strategy centered on preferred income focused on the utilities sector could provide diversification to investors.
Advisors are using tax-managed products for tax-sensitive clients. In this interview, we learn how tax-managed products maximize the after-tax returns for investors to help them get to their goals with greater certainty.
Don’t fear the Fed’s 25-basis-point rate hike on Wednesday, according to Jeremy Siegel. Given the strength of the economy and low unemployment, he said stocks can withstand higher rates.
In this interview, Woody Brock discusses why the dollar will remain as the reserve currency, his outlook for inflation, and how AI will affect the economy and the job market.
Amid fears of a recession, the S&P 500 is up more than 14% this year, and AI stocks have risen many times more than that. But the market is not in a bubble, according to Jeremy Siegel.
Join the Delaware Funds by Macquarie® Municipal Fixed Income team for an interactive discussion that will help answer some of the biggest questions on municipal bond investors’ minds.
“Owning bonds is better than white-knuckling it in stocks in an economy that is going into a recession,” Jeffrey Gundlach said.
Join the experts at abrdn and VettaFi to learn how an allocation to infrastructure could boost your portfolio.
Over the next decade, the total return for U.S. or global equities will be nearly zero, according to Felix Zulauf.
The conventional wisdom is that the pandemic induced a trend of de-globalization, as major economies decreased the reliance of their supply chains on other countries. But, according to Louis-Vincent Gave, globalization will thrive, and the focus will shift from China to India and other southern hemisphere countries.
The Fed and its loose monetary policy are to blame, according to Lacy Hunt, for high inflation, excessive risk taking, slow growth and other maladies afflicting our economy.
The odds of a “hard” recession are 99%, according to David Rosenberg, and it will start in the second quarter. Indeed, he said, it may have already started.
“Be careful in the equity markets,” warned Larry Summers. The bond market is predicting a recession but, he said, the equity market has not priced that in.
The fiercest adversary of investing based on environmental, social and governance (ESG) is Aswath Damodaran. ESG is a failure, its advocates are to blame, and the concept should be retired, according to Damodaran.
High-yield investors beware. Junk bonds that were financed at low, fixed rates will eventually mature and, according to Jeffrey Gundlach, weak issuers that cannot refinance at higher rates will default.
Let’s explore whether the CFP Board, the most powerful and prominent organization supporting the advisory profession, can do more to support the adoption of a full fiduciary standard. We’ll also ask whether the CFP Board actually owns the trademark for “certified financial planner,” as it claims.
“Geopolitical recession” doesn’t exist as a defined term. But it should, according to Ian Bremmer. If relations among global powers were framed in economic terms, we would be in the “bust” phase of the business cycle, he said.
The bond market is much cheaper than the stock market, according to Jeffrey Gundlach. Investors should abandon the traditional 60/40 stock/bond allocation in favor of a 40/60 split.
Great articles don’t always get the readership they deserve. We’ve posted the 10 most-widely read investment, planning and practice management articles over the last two days. Below are another 10 that you might have missed, but I believe merit reading.
