In 20 years of managing money I have never witnessed more dismal sentiment for international stocks, value stocks and really valuations in general. Investors I come into contact with have all but given up on this stuff. I know you could have said the same thing the past 5-7 years or so but it feels … Read more
Politicians don’t control the stock market. When stocks go up presidents get too much credit and when they go down they get too much blame. It’s mostly circumstantial depending on the timing of cycles and such. But the markets move faster than ever these days. Investors are constantly pricing in the future, sometimes right, sometimes … Read more
As with many alternative energy investments, there’s no bright line as to what makes a “wind stock” as opposed to a company that does other things and merely dabbles in this area. Consider General Electric (GE), which is undoubtedly a big player in the wind sector, as its onshore wind segment generates billions each year. … Read more
A reader asks: What’s the story with gold these days? My understanding is that in times of peril gold is where people go. In the most perilous times in the last ~5 years I feel like the price of gold really didn’t do anything. It wasn’t the hedge that most people associate with it. … Read more
Chinese stocks tumbled on Wednesday, curbing a historic rally after an anticipated fiscal stimulus announcement failed to materialise. The benchmark CSI 300 index closed down 7.1 per cent, reflecting the lack of clarity around the next steps in Beijing’s stimulus programme to boost economic growth and markets. Expectations had been mounting that an initial round … Read more
