Asset Allocation Reports
Asset Allocation Weekly (May 21, 2021)
by the Asset Allocation Committee | PDF In March, job openings rose to their highest level on record. According to the Job Openings and Labor Turnover Survey (JOLTS), there were over 8.1 million job vacancies, surpassing the previous record of 7.6 million set in November 2018. The surge in vacancies is supported by data from… Read More »
Asset Allocation Weekly (May 14, 2021)
by the Asset Allocation Committee | PDF Since the Great Financial Crisis of 2007-2008 (GFC), any rapid rise in home prices has tended to spark fears of another bubble bursting. U.S. home prices have recently been up more than 10% from one year earlier, marking their strongest gains since the recovery period right after the… Read More »
Asset Allocation Weekly (May 7, 2021)
by the Asset Allocation Committee | PDF Yogi Berra is famous for various quotes. He famously said, “Always go to other people’s funerals, otherwise, they won’t come to yours.” He also noted that, “A nickel isn’t worth a dime anymore.” The one we deal with most in asset allocation is the saying, “It’s tough to… Read More »
Asset Allocation Weekly (April 30, 2021)
by Asset Allocation Committee | PDF (Due to staff vacations, there will not be an accompanying podcast and chart book this week. The multimedia offerings associated with this report will resume next week, May 7.) In our asset allocation strategies, we continue to have a separate provision to homebuilders. The reason for this particular position… Read More »
Asset Allocation Weekly (April 23, 2021)
by Asset Allocation Committee | PDF A decade ago, the Rent Is Too Damn High Party became a viral sensation after a candidate for the New York governorship, Jimmy McMillan, announced lowering New York rent as his central platform. Now, over a decade later, rent prices in New York have finally started to fall. The… Read More »
Asset Allocation Quarterly (Second Quarter 2021)
by the Asset Allocation Committee | PDF Monetary and fiscal stimulus are expected to help propel the U.S. economy through recovery into expansion over our three-year forecast period. Global central banks have been, and should continue to be, excessively accommodative as the world emerges from lockdowns caused by the pandemic. Inflation numbers may appear stark… Read More »