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Equity markets were mixed following a report that a meeting between China and the US to end the trade war is now likely to happen in April at the earliest. Many, including me, believe a trade deal is fully priced into...

In my view there is a distinct relationship between passive investing and politics. It was reported yesterday that BlackRock and Vanguard—the dominant purveyors of passive investing--captured 57% of net global equity inflows in 2018. Inflows however dropped 70% from 2017. Passive investing...

Many times I have opined about the complete breakdown of risk parity and cross correlated models, a strategy that has surged in popularity over the last 10 years, a strategy that many including the regulatory entities believed limited risks.  Yesterday Stanford Bernstein stated this breakdown...

The G-20 meeting is over. I believe the two greatest issues facing the markets for the intermediate future is monetary policy and the normalization of the Fed’s balance sheet.  Both...