Any one economic report, like a single baseball game or the election du jour, is prone to deliver a surprise every once in a while, for good or ill. Today’s update on payrolls clearly falls into the category of positive surprise, and not a moment too soon.
Daily Archives: November 5, 2010
THE CASE FOR HOLDING A CORE GLOBAL EQUITY ALLOCATION
The world is getting smaller, and that has implications for investing. Perhaps the leading change is the reduction in the potency of the country and industry factors as drivers of the equity risk premium. These sources of priced risk aren’t going away, nor are they irrelevant. But they just don’t pack as much punch as they once did.