Asset Allocation Reports

Asset Allocation Quarterly (First Quarter 2023)

by the Asset Allocation Committee | PDF Our three-year forecast contains a dynamic economic environment comprising both a normal recession and ensuing recovery. Upon signs of economic fragility, we expect the Fed to suspend its current assertive drive to quell inflation, with the likelihood that policymakers will cease their balance sheet reduction but will not… Read More »

Asset Allocation Bi-Weekly – The Master of Surprise (January 17, 2023)

by the Asset Allocation Committee | PDF [Note: The podcast that accompanies this report will be delayed until Friday, January 20.] They don’t call Haruhiko Kuroda the “Master of Surprise” for nothing. The Bank of Japan (BOJ) Governor lifted the yield cap on 10-year Japanese government bonds (JGB) by 25 bps last month. The bank… Read More »

Asset Allocation Bi-Weekly – Forecasting Financial Stress (December 5, 2022)

by the Asset Allocation Committee | PDF [Note: The podcast that accompanies this report will be delayed until 12/12. Also, this report will go on holiday hiatus following today’s report; the next report will be published on January 16, 2023.] One of the challenges of market strategy is the problem of financial stress.  In colloquial… Read More »

Asset Allocation Bi-Weekly – The Impossible Trinity (November 14, 2022)

by the Asset Allocation Committee | PDF The U.S. Dollar Index hit a 20-year high in September as the greenback gained against other global currencies. The climb in the U.S. dollar (USD) began in the post-pandemic recovery. Investors flocked to the greenback for safety as the U.S. economy outgrew its peers in the OECD. Aggressive… Read More »

Asset Allocation Bi-Weekly – The Inflation Adjustment for Social Security Benefits in 2023 (October 31, 2022)

by the Asset Allocation Committee | PDF Even for dedicated, successful investors who have built up a substantial nest egg, Social Security retirement and disability investments can be an important part of one’s financial security.  For many Americans, Social Security benefits may be the only significant source of income in old age.  On average, Social… Read More »

1 2 3 48