Second Quarter 2017

It’s hard to believe that one year ago stock markets were digesting the U.K.’s Brexit vote and had just dropped 5%. That was the last time the markets experienced a downdraft to that extent. The second quarter continued the pattern of low stock market volatility and …Read More

Virtually No Volatility

For yet another quarter, stock markets exhibited a lack of volatility. In fact, as the chart below shows, implied volatility of the S&P 500® Index has been below its long-term average for the past five years, going on a sixth in 2017.

Partisan Conflict is Good for Stocks

If the stock market could speak to our politicians, it would probably tell them to keep agreeing to disagree! There is an old Wall Street adage that “gridlock in D.C. is good” for stocks. In response, the Philadelphia Federal Reserve Bank has quantified partisan conflict, …Read More

The Boomerang Generation: Boomeranging to New Living Arrangements

The median life expectancy in the U.S. has increased dramatically over the past century, with average lifespans increasing over 60% from 49 at the turn of the previous century to almost 80 today. Correspondingly, the amount of time one’s children live at home is also …Read More

A (Sector) Picture Is Worth…

Standard & Poor’s has historically grouped its S&P 500® Index into ten sectors according to their Global Industry Classification Standard (GICS). Below, we look at changes in the sector weights within the S&P 500® Index over the past …Read More