From tweets to trade wars to impeachment inquiries, 2019 has been anything but steady. The one thing that has weathered the storm? The U.S. equity market, which is up almost 25% YTD. Despite this strong performance, there is an increasing concern among investors that equity prices may be out of line with corporate fundamentals. Although … Read more
WELLESLEY, MA – August 22, 2019 – Julex Capital Management, LLC., announced today that its Dynamic Developed Market strategy was awarded “Top Guns” designation by Informa Investment Solutions’ PSN manager database, North America’s longest running database of investment managers, for Q2 2019. JULEX DYNAMIC DEVELOPED MARKET Informa Investment Solution’s PSN “TOP GUNS” Status for the … Read more
Almost two years ago, we wrote a piece on the decades-long trend of passive investing and its impacts on the market. The thoughts expressed in the article are still relevant today as Michael Burry, a prominent subject in Michael Lewis’ The Big Short, recently labeled the trend in passive investing a bubble. In his interview … Read more
For the last three months, the treasury yield curve has been inverted. The curve is usually upward sloping to account for both the term-premium and additional interest rate/inflation risk that an investor takes on when they buy longer dated issuances. This anomaly is of particular interest because an inversion in the yield-curve has historically been … Read more
In the first 29 months of the Trump presidency, the S&P 500 has risen by about 11.3% annually through June 30th. On one hand, this beats the long-run (50-year) average of the market by 4.25%. On the other hand, this performance is not especially noteworthy considering the steepness of the recovery from the housing bubble; … Read more
Income conscious individuals have a variety of investment options to choose from including government issued debt, real estate, corporate bonds, and high dividend stocks. While these asset classes are certainly different in many ways, they are similar in that they are subjected to the prevailing interest rates and inflation levels. Inflation erodes the real value … Read more
WELLESLEY, MA – May 21, 2019 – Julex Capital Management, LLC., announced today that its Dynamic Sector and Dynamic Developed Market strategies were awarded “Top Guns” designations by Informa Investment Solutions’ PSN manager database, North America’s longest running database of investment managers, for Q1 2019. JULEX DYNAMIC SECTOR “TOP GUNS” Status for the Three-Year Performance … Read more
Trump’s fervent advocacy for “fair trade” has prompted the President to deride NAFTA, anger the EU, and, maybe most notably, engage in a trade war with China that has currently placed tariffs on about $360 billion worth of goods in total. The spat with the globe’s second largest economy seems to be winding down on … Read more
It’s been over a decade since the S&P 500 Index bottomed at an intraday level of 666 on March 6th, 2009. It took four years from this bottom for the index to breach the high-water closing mark of 1,515 that it set in December 2007, and U.S. equities have rallied an eye-popping 318% (albeit with … Read more
Many economists expect a slowdown in U.S. growth during 2019. The FOMC projected 2.3% growth for the year back in December, which is a reduction from the 3% growth observed in 2018. Meanwhile, Wall Street analysts have lowered their earnings estimates. According to FactSet, analysts are projecting earnings growth to be 4.5% this year, much … Read more