Global Macro Archives - Page 2 of 2 - Fundopedia

Behavioral Finance…

A Couple Lessons Learned from Recent Experience

22 Jan 2015January 22, 2015

Not only did the investing herd have the outlook for rates wrong, but it was uniformly inquiring about the wrong thing. Asset prices are often set to allow for the…

Asset Allocation…

How does the current risk profile of the U.S. Aggregate Index affect the choice between indexing and active management?

9 Jan 2015January 9, 2015

Since the financial crisis, government policy and direct issuance of Treasury securities have resulted in increased duration and lower yields in the Barclays U.S. Aggregate Index. These changes pose a…

Fixed Income…

The “Big Squeeze” Begins

Traditionally, there have been two primary investment vehicles available to store cash: money market funds (MMFs) and bank deposits. Both eliminate mark-to-market (MTM) volatility, removing uncertainty associated with market gyrations…

Asset Allocation…

Neutral Policy Rate

The concept of a Neutral Policy Rate has a very specific meaning in contemporary central bank practice. The neutral policy rate is the short-term interest rate consistent with full employment,…

Global Macro…

A Short Market Commentary – Third Quarter 2014

Although the Fed often stated that it had no set time frame for removing their ultra-accommodative policy (zero interest rates and QE), investors knew, given Chairman Bernanke’s exit strategy roadmap,…

Summary: Cyclical Growth and Geopolitical Risks

In the Eurozone, expansionary fiscal policy in the form of aggregate demand support and financial sector balance sheet repair has been absent in the post-crisis period (with a few exceptions)…

Fixed Income…

Summary of Thoughts: Policy Dissonance

23 Sep 2014September 23, 2014

The post-crisis economic policy mix has focused on achieving a handful of crucial outcomes: Force the financial sector and bond markets to take credit losses from the crisis early and…

Global Macro…

Re-Imagination Continues: 2014 Key Internet Trends

2 Jun 2014June 3, 2014

Although the year-over-year growth rate of the overall internet users has declined, the developing markets such as India, Indonesia, and Nigeria, which were considered to be more difficult to monetize…

Alternative Investments…

Private Equity Market Landscape – First Quarter 2014

4 May 2014May 19, 2014

The year of 2013 has been the most successful year for private equity firms since 2008, with 873 funds with an aggregate of $454 billion. In 2013, the private equity-backed…

Behavioral Finance…

The Halloween Effect Revisit

4 Nov 2013January 23, 2024

Historically, stocks tend to outperform in November, stall in December and January, and then resume higher in February and March. Stock markets have seasonal effects and calendar anomalies, which challenge…

Alternative Investments…

Commodities Market Commentary, Investment Process, and the Passage of Time

29 Jun 2013November 15, 2013

Commodities Market Summary Energy: As measured by the S&P GSCI indices, energy lost 1.9% in May, natural gas lost 9.4%. WTI crude oil and brent crude oil markets continued to…

Financial Modeling…

Financial Instability Hypothesis, Debt Deflation, and Debt-to-GDP

19 Apr 2013September 2, 2013

The debt-to-GDP ratio is one of the indicators of the health of an economy; governments aim for low debt-to-GDP ratios which most likely indicate that they can stand up to…

More on QE3

19 Sep 2012August 26, 2025

FED TO KEEP POLICY STIMULATIVE FOR `CONSIDERABLE TIME' FED WILL ADD TO PURCHASES IF LABOR MARKET DOESN'T IMPROVE FED DOES NOT SAY WHEN MBS PURCHASE PROGRAM TO END FED TO…

Emerging Markets…

Spur Economic Progress in the Middle East and North Africa (MENA)

18 Jun 2012March 28, 2025

On March 26, 2012, the CFA Institute Middle East Investment Conference specifically focused on the economy in the Middle East and North Africa (MENA) region. Here are some personal opinions…