Market Commentary & Research Studies

Market Commentary
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January 5, 2021

CIO's Year-End Review 2020

Why Big Stocks Will Lead the Market

Research
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September 6, 2020

Myth: Low P/E Stocks Outperform High P/E Stocks

There is a divide between academia and the real world...

Market Commentary
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April 7, 2020

A New Bull Market

The 2020 bear market was both one of the steepest and shortest on record.

Market Commentary
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March 5, 2020

Maintaining Perspective During Turbulent Times

As stated many times before, serious investors should never consider newspaper headlines.

Research
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February 28, 2020

Earnings Growth Drives Stock Prices

Simply put, the stock market goes up as the economy grows. When the economy grows, corporate profits grow. When corporate profits grow, so do stock prices.

The highest returns in the stock market tend to be concentrated in small intervals of time, whether the intervals are days or months.

The subject of portfolio turnover is often treated overly simplistically.

Research
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June 3, 2019

Performance Cycles Not Well Understood

Abridged and Updated - originally published in 2002

Research
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June 3, 2019

The Uneven Path in Building Wealth

Originally published in The Wall Street Transcript , 28 March 1988

Research
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March 21, 2019

History of Momentum Investing

Momentum investing is a strategy seeking to capitalize on existing trends in the stock market. In a way, it is similar to Newton’s Law “that a body in motion tends to remain in motion”.

Research
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July 5, 1982

The Real Risk is to Not Invest in Stocks

Originally published 5 July 1982, Pensions & Investment Age