Asset Allocation Reports
Asset Allocation Bi-Weekly – The Tale of Two Surveys (May 2, 2022)
by the Asset Allocation Committee | PDF The Conference Board Survey of Consumer Confidence and the University of Michigan Survey of Consumer Sentiment are two closely followed reports about the American consumer. Domestic consumption makes up about two-thirds of the U.S. economy, so insights into consumer attitudes may predict changes in the business cycle. The… Read More »
Asset Allocation Quarterly (Second Quarter 2022)
by the Asset Allocation Committee | PDF In its efforts to combat inflation, the U.S. Federal Reserve has adopted a much more hawkish monetary policy stance through a combination of raising the fed funds rate and reducing its balance sheet. Global central banks, in contrast, have varying policy responses ranging from extensively accommodative to increasingly… Read More »
Asset Allocation Bi-Weekly – The Bank of Japan Cocks the Trigger (April 18, 2022)
by the Asset Allocation Committee | PDF In Hollywood movies, the classic device to convey a menacing threat is to have the tough-guy cop pull back the hammer on his revolver and cock the trigger. It’s not enough that the cop just points his gun at the criminal. Once you hear that “click,” you know… Read More »
Asset Allocation Bi-Weekly – Latin America’s Day in the Sun (April 4, 2022)
by the Asset Allocation Committee | PDF As we’ve previously described in many of our publications, the Russian invasion of Ukraine has changed the world in profound, long-lasting ways. We have defined how it will further cleave the world’s nations into at least two major geopolitical blocs with limited commercial and financial ties. We have… Read More »
Asset Allocation Bi-Weekly – A Commodity Update (March 21, 2022)
by the Asset Allocation Committee | PDF Since the beginning of the year, commodities, as measured by the Bloomberg Commodity Index, have been up 15.4%. All other major asset classes are down for the year. Among the S&P 500 sectors, only energy is positive. Commodity prices were strong going into the war in Ukraine, but… Read More »