James Picerno Blog | Talkmarkets | Page 1
Editor at The ETF Asset Class Performance Review
Contributor's Links: The Capital Spectator

James Picerno is a veteran financial journalist and has been writing about portfolio strategies, investment products, and macroeconomics since the early 1990s at Bloomberg, Dow Jones and other media groups before becoming an independent writer/analyst/consultant in 2008. He’s currently ... more

All Contributions

Latest Posts
1 to 16 of 2208 Posts
1 2 3 ... 138
The ETF Portfolio Strategist - Sunday, July 25
Our trio of proprietary strategies continued to trail their common benchmark last week (through Friday, July 23). The gap ranged from slight to substantial.
Book Bits: Unknown Knowns
Reviewing five new books about climate, capitalism, investing, folly, Asia and startups.
The ETF Portfolio Strategist - Saturday, July 24
Once again it looked like American shares had met their match, but the selloff turned out to be one more brief correction before buyers stepped in and drove prices higher. By the end of Friday’s trading, US equities rose to yet another record high.
Modeling US Stock Market Expected Returns, Part II
Factoring in a 10-year Treasury rate that’s modestly negative in real terms implies a higher equity return vs. the standard CAPE metric, which focuses only on equity market valuation.
Are Markets Done With Inflation Worries?
In case you took a day off yesterday, there’s a new narrative circulating that inflation anxiety is history and worries about slowing economic growth have moved to the fore.
TIPS And Commodities Led Returns For Asset Classes Last Week
Inflation-indexed Treasuries and commodities were the top performers last week for the major asset classes, based on set of exchange traded funds.
Book Bits: Facebook, WeWork, Governing The Internet
From the general - the financial system, meritocracy, the Internet - to the specifics around Facebook dominance and the great startup delusion evidenced by WeWork, in six new books.
The ETF Portfolio Strategist - Sunday, July 18
Markets have unleashed on-again/off-again risk signals in recent history, more so than usual, and so the noisy climate has taken a toll on active risk management, at least for our three prop strategies.
The ETF Portfolio Strategist - Saturday, July 17
US bonds are looking rather bubbly these days. Despite the release of hotter-than-expected inflation data this week, Treasuries show no sign of giving up their rally.
Modeling US Stock Market Expected Returns, Part I
For stocks, projecting return is more challenging and therefore more reliant on modeling efforts. There are many ways to proceed.
Macro Briefing: Thursday, July 15
Fed Chairman Powell still expects US inflation surge to ease, while Chinese GDP rose less than forecast in Q2, but still strong at +7.9%.
Is The “Inflation Is Transitory” Narrative Dead?
Consumer inflation in the US remained surprisingly hot in June, the Labor Department reported yesterday. Taken at face value, the numbers raise more doubts about the Federal Reserve’s assumption that the recent inflation surge is temporary.
EC China Stock Market Is This Year’s Downside Outlier
Global equity markets overall are posting gains year to date, with the glaring exception of China, based on a set of US-listed exchange-traded products.
US REITs Led Gainers In Mixed Week For Asset Classes
The major asset classes delivered a wide range of results in last week’s trading, based on a set of proxy ETFs. US real estate investment trusts led the winners while stocks in emerging markets and commodities posted sharp losses.
Four New Books: Commodification, Speculation, Nixon Shock, And A Classic Scam
Revisiting Nixon's reworking of the economy, Arif Naqvi's seduction of senior business leaders, and more.
The ETF Portfolio Strategist - Saturday, July 10
This year’s rally in US real estate investment trusts was looking tired, but it turned out to be a pause that refreshes. Vanguard US Real State (VNQ) roared higher by 2.5% in this week’s trading, lifting the fund to a record high.
1 to 16 of 2208 Posts
1 2 3 ... 138