In this issue:
- Commodities rally to six-year high
- US stocks are flat, breaking a four-week winning streak
- US Treasuries continue to recover
- Broad, global diversification continues to lead portfolio strategy benchmarks
Daily Archives: April 23, 2021
Capturing Average Returns With Asset Allocation, Part III
In recent posts I looked at the power of asset allocation to capture average returns (or slightly better) and manage risk in portfolio design. Several tests show that this tool is robust for a variety of standard portfolio mixes. Let’s take the analysis up a notch by creating an ill-advised portfolio as a stress test.
Macro Briefing: 23 April 2021
* Biden seeks higher taxes on wealthy to pay for child care, education
* Russia orders troops to pullback from Ukraine border after buildup
* Eurozone economic growth picked up speed in April, survey data shows
* PMI survey data points to strong economic revival in Apr for UK
* Japan’s economy is growing again–first time in over a year via survey data
* US Leading Economic Index rose in March, signaling stronger momentum
* Existing US home sales fell for second straight month in March
* US jobless claims fell to new pandemic low last week:
