A synchronized global expansion has room to run in 2018. Strong corporate earnings and steady growth support our belief that investors will get compensated for risk-taking in equities, particularly outside the U.S. But 2017 will be a tough act to follow. Geopolitical risks, inflation and … Read More
Long-suffering emerging markets fund managers are looking to party like it’s 2004. That was a so-so year for the U.S. The invasion of Iraq bogged down, and the Standard & Poor’s 500 index crept forward by 7%. But for developing-world stocks, it was the second … Read More
The Dow Jones Industrial Average marked the 30th anniversary of its 508-point plunge on Black Monday, Oct. 19, 1987, by closing above the 23,000 mark. For the week, the blue-chip average added 456.91 points, an even 2%, to end at 23,328.63.
The Standard & Poor’s … Read More
As the 30th anniversary of the 1987 stock market crash neared, Robert Shiller, the Nobel laureate and Yale University economist, mused on why today’s seemingly overpriced market continues to sleepwalk higher. The cyclically adjusted price/earnings, or CAPE, ratio that he and John Campbell devised in … Read More
Small-cap stocks scored an impressive gain last week, with the Russell 2000 Index climbing 2.76% to a record high, amid a strong overall showing for equities.