Asset Allocation Reports

Asset Allocation Weekly (September 18, 2020)

by Asset Allocation Committee | PDF In June, we published a WGR on the EU’s decision to issue a Eurobond, a financial instrument backed by the full faith and credit of all the member states of the European Union.  One of the reasons the U.S. dollar remains the global reserve currency is because the world… Read More »

Asset Allocation Weekly (September 4, 2020)

by Asset Allocation Committee | PDF (NB: Due to the Labor Day holiday, the next report will be published on September 18.) The U.S. economy is driven primarily by consumer spending.  In 2019, for example, personal consumption expenditures on goods and services accounted for 67.9% of U.S. gross domestic product (GDP).  For the economy to… Read More »

Asset Allocation Weekly (August 28, 2020)

by Asset Allocation Committee | PDF As people think about the supplemental federal unemployment benefit of $600 per week that was in place through July, most would assume that if the total benefits exceed a person’s actual wages, they will choose to be unemployed instead of accepting employment. Anecdotal reports suggest that companies are running… Read More »

Asset Allocation Weekly (August 21, 2020)

by Asset Allocation Committee | PDF One of the relationships we monitor is retail money market levels (RMMKs).  In theory, any available liquidity could conceivably end up purchasing equities.  But, RMMKs are used by investors in their brokerage accounts and thus are probably “closer” to equities compared to other forms of “near money,” such as… Read More »

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