Value stocks have largely sat out the broader market rallies this year. Russ explains why, and what could spark a return to investor favor.
We believe biotech's long-term historical drivers, demographics and mergers and acquisitions (M&A) activity to secure patent protected drugs, may outlast near-term political headwinds and should lead investors to consider bio-pharma from a longer-term perspective. Biotech valuations also currently appear attractive relative to the broader market and look less crowded than other growth sectors. Over the short term we see potential opportunities in select individual biotech and pharma names.
Russ discusses the trend behind the surprising gold rally this year, and why the political drama in D.C. means it may continue.
We see three factors that potentially support Japanese equities going forward: 1. Improving earnings outlook amid a strengthening domestic economy and synchronized global expansion. 2. Currently attractive equity valuations compared to developed market peers. 3. Continued monetary stimulus from the Bank of Japan and a potentially stable yen.
Whatever happened to the increase in interest rates that was supposed to occur? Russ explains.
Rick explains what many interpreters of inflation data are missing.
Russ discusses an enigma: Stocks continue to climb higher and volatility is at all-time lows while disarray reigns in Washington.
Several myths have taken hold among market watchers lately. Rick seeks to dispel them.
High yield is not responding to the fall in oil prices like it’s 2016. Russ talks why the pain point is lower today than 18 months ago.
Russ explains why investors should pay more attention to the stock-bond correlation coefficient and understand its impact on investment portfolios.
It’s easy to fixate on headline inflation numbers that appear disappointing, but Rick explains why there’s more to the data than meets the eye.
Should soft commodity prices portend slowing growth and concern investors?
Russ discusses why momentum, which has thrashed value this year, could struggle in the second half.
Stocks are getting expensive by traditional measures. Russ takes a look at what history tells us about what could happen next.
In my many conversations with investors and industry peers about factor investing, one topic seems to always come up: factor investing timing. I’ve had recent discussions on this topic with a central bank whose managers need to think about preserving capital and with a more nimble RIA team which explicitly wants to use timing to pursue incremental returns.
Rick Rieder explains the under-appreciated negative economic side effects of today’s student loan levels, with the help of three charts.
Rick provides his take on the Fed’s most recent rate hike and makes the case against an overly rigid view of price change.
Russ discusses why many technology stocks have tumbled recently, without any obvious reason.
Russ explains the different circumstances that have pushed the U.S. dollar downward and what the recent retreat means for your investments.
With political uncertainty on the rise in D.C., will market volatility spike? Russ discusses why the economy and credit markets matter more.
Russ talks about why bond yields remain low this year, despite expectations of a rise.
Mother’s Day is a good day to celebrate the moms in your life—and prepare for retirement. Anne explains.
Fixed income investing today is very different from several years ago, but this doesn’t mean there aren’t opportunities for generating returns. Rick explains.
Russ discusses the important trends that emerged from a compelling conference of finance, business and political leaders.
With risks abounding in the markets, Russ discusses the case for health care as a defensive sector.
The “reflation trade” that began in late 2016 has lost steam. Russ discusses what comes next.
What does weaker-than-expected March jobs growth mean for the path of rate normalization? Rick Rieder weighs in.
Small cap stocks are faltering this year. Russ describes why and whether that will continue.
Volatility is creeping back into the markets. Russ discusses why that holds some peril for momentum stocks.
With two more Fed hikes potentially on the horizon in 2017, Rick clears up a few wrong assumptions some market watchers are making about rate normalization.
Although the value of a currency can impact your international holdings, Russ talks about when it makes sense to hedge that effect.
Rick shares two reasons why we see abundant fixed income opportunities.
Financial stocks have been rallying on the expectations of higher interest rates and less regulation. Russ discusses whether the good news has already been priced in.
While most investors focus on potential returns in their portfolios, Russ discusses why risk and correlation are just as important.
The rally in value stocks may have stalled, but Russ discusses why the trend still has further to go.
Rick Rieder shares three reasons why a March Fed rate increase is a possibility.
Volatility is low, but political uncertainty is high. Russ discusses what is causing this and whether it can continue.
Russ discusses the signs that inflation is rising faster than many expect, and what that means for your portfolio.
With U.S. stocks rallying, investors may be tempted to stick with a home country bias. Russ discusses why Japan is still worth a look.
Rick explains why there's a good chance U.S. growth will pick up from 2016.
Investors have been bidding up stocks in anticipation of policy shifts by the new administration. Russ discusses the policy that matters most to investors.
Stock markets have been very quiet lately, but as we get ready to enter 2017, things may change. Here's why.
Russ discusses four reasons why the rebound in inflation is likely to continue.
With the Federal Reserve back in the spotlight, Rick Rieder discusses what investors should be focused on in 2017.
Stocks have been helped by low rates and inflation. Russ suggests that may be changing.
Rick Rieder makes the case for a policy that is bolder than what the ECB had announced last week.
Russ describes what has driven the small cap rally, and explains why its days may be numbered.
Russ explains why the post-election selloff in bonds may be a longer-term, not temporary, phenomenon.
Bonds sold off after Donald Trump's surprise election win. What could the election results mean for bond markets over the long term? Rick Rieder weighs in.
In the post-election markets, investors are preparing for the potential for higher growth—and inflation. Russ discusses the implications for investors.