Market Intelligence

Baron Funds President, COO and Chairman, Linda Martinson wrote an interesting investor letter with her 2018 commentary, addressing the misconceptions investors have between interest rates (particularly rising interest rates), and their effect on stock prices. Below are excerpts we think should be highlighted given the...

“While short-term changes rarely mean much, often information can be gleaned by examining the underlying market dynamics during such periods. Specifically, the recent pullback has corresponded with a sharp increase in investor fear and uncertainty. As a result, investors have flocked to so-called low volatility...

“A long December and there’s reason to believe, maybe this year will be better than the last” ~ A Long December, lyric from the band Counting Crows What a difference a year makes. If 2017 was the year where everything in the market worked, 2018 was...

Early December headlines were scattered with news of the inversion of the yield curve. Under normal circumstances, the yield curve arcs upward because bond investors expect to be compensated more for taking on additional risks owning bonds with longer maturities. So, a 30-year bond will...

If you’re like us, the best thing about the midterm elections being over is the expectation that the political television ads and spam phone calls will cease to exist… at least until the 2020 Presidential election kicks off in 12 months. This midterm season went largely...

By Anthony Davidow, vice president, alternative beta and asset allocation strategist, Schwab Center for Financial Research (emphasis by Madison) Since the beginning of the bull market in 2009, U.S. stocks have outperformed international stocks, causing some investors to question the merits of global asset allocation. They wonder whether the...

Richard Bernstein, Chief Executive and Chief Investment Officer of Richard Bernstein Advisors recently published an article titled, “Ignore the Tweet, Invest for the Meat”, where he laid out the case for investing for the long-term while filtering out the short-term noise/news cycle. Below are excerpts...