When speaking about inflation forecasting, it’s important to set expectations. Forecasting is a notoriously difficult business; if I could do it well, then I wouldn’t
It goes without saying that 2022 has been a difficult year across markets. Investors have had to contend with an inflationary bear market for which
If 2022 has taught us anything, it is that our understanding of the inflationary process is woefully incomplete. Increasingly, it seems that the easy money
Introduction Inflation is perhaps the least well understood phenomenon in economics. Once said to be exclusively a monetary phenomenon, our current predicament is significantly more
After a rather long hiatus the sorted Beta and Sharpe Ratio for all companies listed in the S&P 500 as of March 2022 are now
I. Introduction Due diligence for hedge funds presents a unique set of challenges for analysts and asset allocators. Funds often have significant discretion to invest
Introduction While the holiday season has long been regarded as a time of excess, folks this year are bracing for another challenge besides annual waistline
In another world, seemingly long ago (i.e., January of 1990) the yield on the 10-Year Treasury was 8.20% while the dividend yield on the S&P
The sorted Beta and Sharpe Ratio for all companies listed in the S&P 500 as of July 2021 are now available. Beta and Sharpe are
In 2006, Meb Faber wrote a highly influential paper on tactical asset allocation and market timing. The strategy was particularly attractive in part because of