Beyond Bulls & Bears

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Alternatives

Portfolio Diversification in the Quantum Age

What happens when markets approach extreme environments like that experienced in 2008 (or October 2014 for that matter)? In these instances it is quite clear that the traditional rules/laws of portfolio diversification do not work as well as intended.

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A Balanced Look at Equity, Fixed Income Fundamentals—and Oil Price Fears

Our current view is that oil markets will likely stabilize over the next several quarters as demand improves and production growth slows to a more manageable pace. More importantly, however, is that many energy-related securities now appear to discount commodity prices at or below the low end of our estimated long-term intrinsic value ranges.

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Alternatives

QE, Parallel Universes and the Problem With Economic Growth

While monetary weapons can be a good first step to remedying an economic crisis, they are clearly not enough on a standalone basis to return an economy to stability and growth. Monetary medicine cannot heal fiscal ailments in the areas of budgeting, regulation, taxation and related policies.

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Actively Managing for a Less-Correlated World

I think there has recently been a movement away from just a one-decision trade, where investors are simply reacting to moments of panic or euphoria, into a place where it is more possible to make rational decisions based on fundamentals.

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Casting a Wide Asset Net in a Volatile Sea

It’s fair to say that investors will likely never be fully comfortable with market volatility. But actively managing the inevitable bumps that ...