2020

Sept. 2020 -Elections, Markets, and Emotions

As in previous election years, investors are inundated with headlines and opinions regarding potential electoral outcomes and resulting implications for capital markets. This year, uncertainty regarding the potential health and economic impacts of a global pandemic has amplified the noise. Meanwhile, the ascent of social media has fanned the flames by all too often animating …

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Same Old Story

June 2020 – Large and In Charge? Giant Firms atop Market Is Nothing New


May 2020 – Spread the Word: What’s New with Valuation Ratios

These have been challenging times for value stocks. Over the 10-year period ending March 31, 2020, the Fama/French US ValueResearch Index returned an annualized 5.06%, well behind the 13.04% achieved by the Fama/French US Growth Research Index.This performance divergence has resulted in a substantial widening of the price-to-book spread between value and growth stocks in …

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March 2020 – Financial Crisis and the Prudent Investor

This issue of Investment Guide is dedicated to guiding readers through the financial disruption resulting from the ongoing coronavirus pandemic. We begin by summarizing those portions of the federal government’s economic stimulus package that are most relevant to household investors. The article that follows, “Covid-19: Are Stocks on Sale?” provides a reminder of what drives …

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