The Small Cap Channel

Leave the Renminbi Out of US-China Trade Talks

A potential agreement could contain many “win-win” elements, notably concerning intellectual property rights and export subsidies. But pushing China to commit to a more stable exchange rate risks creating major problems when the next big Asian recession hits.

Germany, Startups, and Inflation

Wie Gehts mit Deutschland?; Jump-Starting U.S. Startups; Big Data Is Changing Inflation

Copper Well Positioned to Lead the Next Resource Cycle

Global copper capacity could be short some 41,000 tons by as early as 2021, says one commodities research firm. Meaning: We could be looking at another commodities super-cycle, with the red metal leading the way.

Time to Change Strategy

Friends don’t let friends buy and hold. At a minimum, you need some type of hedging program on your equity portfolios. Using a simple 200-day moving average to signal the time for going to cash, while not the best, will help protect you from the worst of a massive bear market.

S&P 500 ETFs

The S&P 500 ETFs tracked include State Street Global Advisors’ SPDR (SPY), iShares Core S&P 500 ETF (IVV), and Vanguard’s S&P 500 ETF (VOO).

Fed Evaluates Policy and Portfolio Strategy

A quiet and unsurprising FOMC statement belies the important policy discussions and decisions ongoing at the Fed.

Eurozone Debt Disputes Make an Unhappy Union

Once upon a time, bonds backed by a government’s full faith and credit pledge were generally considered less risky than corporate bonds. Times have changed. In today’s political climate, not all governments inspire us with the same confidence.

Five Key Ways Advisors Deliver Value in 2019

What is the value of a financial advisor in 2019? We break down the full value of an advisor’s services in this easy-to-follow equation.

Market Cap to GDP: An Updated Look at the Buffett Valuation Indicator

With the latest April close data and Q1 GDP Advance Estimate, we now have an updated look at the popular "Buffett Indicator" -- the ratio of corporate equities to GDP. The current reading is 124.5%, up from 123.7% the previous quarter.

4 Transportation Sector Research Candidates: Do You Dare Have Your Money Travel With These Stocks?

As a rule, I have never been very fascinated by the Transportation Sector. This is especially true regarding airlines and air transport companies. Nevertheless, there are two airlines and two air freight carriers in the Transportation Sector that I felt comfortable featuring in this article.

Hard Truths in Resource Investing, According to Bob Moriarty

I’ve known Bob for many years, and if there’s one thing he’s proven about himself time and again is that he doesn’t mince words. Nor should he.

On My Radar: Investors are Willing to do Almost Everything; HY Price Trend Holds the Key

I attended an advisor summit in Chicago this past week. On stage was a good friend from S&P Dow Jones Indices. He referenced an article S&P published last fall about poor quality in the popular “leveraged loan” segment of the corporate bond market. Dull, I know, but hang in with me for a short few paragraphs, I promise this week’s missive gets better.

Weekly Headings

On the back of 1Q19 solid earnings results and healthy economic data releases, the S&P 500 continued its remarkable move higher this week and closed at a record high (2,933) for the first time since September 2018.

The Case of the Missing Inflation…and What the Fed’s Doing About It

US inflation has been running low for some time, and key members of the Federal Reserve Open Market Committee (FOMC) are pointing a finger at the traditional policy framework. So rate hikes are on hold for the time being—and monetary policy is under the microscope.

Technically Speaking: A Warning About Chasing This Bull Market

This past weekend, we discussed the breakout of the markets to all-time highs. The question I asked this past weekend was simply; “The bull market is back, but can it stay?”