Daily Archives: Oct 8, 2019 at 07:20 am EDT

Managing Expectations: US Equity Factor Correlations | 8 Oct 2019

What are you expecting from equity factor ETFs? A number of research studies over the years encourage multi-factor exposure for enhance risk-adjusted return for a US equity allocation. At the core of this recommendation is the idea that different factors exhibit low correlation to one another. Value moves to the beat of its own drummer vis-à-vis momentum, which is relatively independent of the low-volatility factor, and so on.

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Macro Briefing | 8 October 2019

Republicans condemn Trump’s plan to pull troops from Syria: WSJ
US blacklists Chinese companies, raising doubts for upcoming trade talks: Reuters
Johnson’s gov’t is preparing for collapse in Brexit talks: BBG
N. Korea looking for ‘major concessions’ from US in nuclear talks: CNBC
US federal debt rises to 7-year high (as % of GDP): The Hill
German industrial output rose in Aug but annual trend still deeply negative: BBG
Is the impeachment battle enhancing prospects for NAFTA trade deal? NY Times
US consumer credit’s growth rate edged lower in August: MW
China’s gold reserves have surged in 2019: Bloomberg