Governance Issues Loom Over US Pension Funds
U.S. public pensions entered 2022 well-funded, but they could falter without significant governance reforms.
Risk
June Is a Sad Month for Stocks—Sorry, Long-Suffering Investors
In midterm election years, it’s the worst, and in other times it’s no prize either, says LPL’s Detrick.
There’s a Better Way to Harness Risk Parity Strategies, Says NISA
Leverage can distort managers’ results, making them look better than they are, its study charges.
Bear Markets and Recessions Don’t Always Go Together, Says Stovall
Turns out that, since World War II, three bears didn’t lead to a recession, CFRA research shows.
Could the 3% Yield Be the Trigger for the Bond Rally?
One school of thought: the 10-year Treasury hitting that level signals a growth slowdown.
Is the Market Slide’s End Near? Maybe So, Says BofA
Large departures of money from retail funds could mark capitulation, per the bank’s chief strategist.
Why Bother With Market Forecasts If They Usually Are Wrong?
These auguries of where stocks may be headed serve a purpose, say market savants.
Why the Snake-Bitten Market Might Turn Around by September
History shows that a 14% January-April slide usually results in a four-month rebound, says Sam Stovall.
Once a Liability, Corporate Pension Plans Start Turning a Surplus for Many Companies
But that doesn’t mean corporations will reopen closed plans.
What Worries CIOs Most? Inflation and Valuations
CaseyQuirk’s Sentiment Survey shows allocators are hustling to beat higher prices with private investments.
Economic Warning: Animal Spirits Aren’t in a Happy Place, Says Wells Fargo
Well-known index of investor sentiment has grown more and more negative of late.
High Inflation? Investors Go for the ‘Transitory’ Narrative
Their take: March’s sizzling CPI number likely is the near the top.
Wall Street Expects a Slowdown, Not a Recession, But …
The one skunk at the picnic is pessimistic Deutsche Bank, which sees trouble ahead.
Inflation: Why the Late 1940s Better Matches Today, Says Guggenheim
Not the 1970s, which is most often cited as the historical precedent, says firm CIO Scott Minerd. If so, that’s good news for us.