Tag Archives: S&p 400

Nine of Eleven U.S. Equity Sectors Gained Despite Size

In November, mid-caps led the U.S. equity market with the S&P 400 gaining 3.68%, followed by small-caps in the S&P 600 that gained 3.52% and large-caps in the S&P 500 that gained 3.07%. The S&P 500 logged its 13th consecutive positive month, the longest streak in its monthly history ever (data going back to Oct. Read more […]

Why Mixing Media With Telecom Grows Communication

The means by which we communicate has grown over the past several years as a result of integration between telecommunications, media, and internet companies.  In response, S&P Dow Jones Indices and MSCI recently announced the expansion of the Telecommunications Services Sector into a new Communication Services Sector to be implemented after the close on Friday, September 28, 2018.  While the companies Read more […]

Bouncing Off Brexit

After yesterday’s record close for the S&P 500, memories of last month’s Brexit panic seem far away.  (In fact the U.K. referendum to leave the European Union took place only 19 days ago as of this writing.)  In the immediate aftermath of the referendum, global markets fell sharply, while low volatility indices mitigated the impact of the Read more […]

The Sources of Volatility and the Challenge for Active Management

If we needed a reminder of the continuing volatility of the world’s financial markets, the first weeks of 2016 obliged us by providing one.  What’s often overlooked, especially when volatility spikes, is that there are two distinct sources of volatility.  Understanding them can not only enhance our appreciation of market dynamics, but also provides some important insights for Read more […]

Core / Satellite Investment Strategies: Don’t Forget The Beta!

Traditional Core/Satellite investment strategies typically combine a diversified asset allocation framework with a smaller alpha-seeking segment of the portfolio.  With an increased emphasis being placed by many investment advisors on so-called “tactical” managers, as well as other “alpha-generating” trades, it’s not surprising, though somewhat disappointing, that simple beta often gets ignored.  In a year when Read more […]