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Correlation | May 24, 2017

Posted on May 24, 2017

Our Observations: Stocks, bonds and currencies are exhibiting correlations in the short term that are well below long-term correlations. This is an environment that should offer the opportunity for potential excess return. We think emerging market stocks and currencies may offer the opportunity to lower overall portfolio risk while potentially harvesting better returns. The correlation […]

Correlation | May 17, 2017

Posted on May 17, 2017

Our Observations: Correlations for stocks declined almost across the board, which improved the situation for active stock pickers. However, nearly every other asset saw increases in their correlation, especially those with a high degree of sensitivity toward global rates. We think this could indicate a resurgence in the rate and inflation driven market that has […]

Momentum | May 2, 2017

Posted on May 2, 2017

Our Observations: Short-term momentum in stocks flipped from negative to positive over the past week. We think this could be a signal that the recent correction has ended and the long-term upward trend has resumed. This is confirmed by the recent pullback in bonds, resulting in the assets barely holding onto positive momentum in the […]