Our Thinking

Achieving investment goals requires clear definition of goals, investment horizons and manageable portfolio risk. A review of the impact of time, return and risk can provide perspective on achieving important life goals.

Divergence of opinion among investors over economic trends and financial market outcomes is ever-present. A review of some important recent trends can provide perspective for assessing market return and risk expectations in the period ahead.

A review of recent stock market volatility with some historical perspective can help provide context for market trends and investing ahead.

The broad U.S. stock market posted a strong return for the first half of 2024. A review of individual stock returns by a series of measures can help provide context for market breadth and sustainability of the current market uptrend.

The Dow Jones Industrial Average (“DJIA”) reached another milestone last month when it crossed over 40,000 for the first time in its 128-year history.

Interest in investing in certain themes has grown with the proliferation of exchange-traded funds (“ETFs”). Climate change is a broad investment theme that has spawned clean energy ETFs and an array of sub-theme ETFs including solar, water and batteries. A review of clean energy experience may be informative for assessing the general role of theme investing.

Investors have ventured from home markets over decades, but often to other markets with highly developed economies, property rights and rules of law. A review of how markets have emerged may be informative for investing ahead.

Japan has long been called the “land of the rising sun”. For decades, however, its economy and stock market have failed to rise in step with the U.S. A review of key variables may be informative for investment strategy ahead.

Investors generally benefit from markets reaching new highs, particularly if they have exercised discipline to stay invested through lows and highs. A review of recent market cycles may be informative for investment strategy ahead.