August 4, 2020

Valuation since the late 1990’s – win any argument with your friends!

JPMorgan Asset Management’s new On The Minds of Investors piece takes a look at “framing”, a behavioral bias that affects our judgments about market prices. Where you choose to start counting from will have a big impact on how you feel and what arguments will appeal to you. For instance: What level of returns should we expect from equity markets? The answer changes depending on the time period – when i...

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Do Republicans’ Children Use TikTok?

Do Republicans’ children use TikTok? Of course they do. Which is why I think it’s more likely that Microsoft gets to buy the company as opposed to the app being shut down. Let me catch you up on what’s going on… This weekend’s episode of my podcast was a deep dive into TikTok and the opportunity for US investors in Chinese technology stocks. Shortly after it came out, the news broke that the ...

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7 Stocks Paying Higher Cash Dividends

We have all heard it… Stodgy, for old people, yawn, boring! These have all been used to describe dividend growth stocks. As an investor in dividend growth stocks, I sometimes think our strategy is the most misunderstood. It seems everyone understands a traders mentality and a high-yield mentality. Periodically, it is good to remind ourselves that dividend growth stocks provides us with excellent

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Why Would Anyone Own Bonds Right Now?

Here’s some good 2020 finance trivia for you: What’s the better performer this year — the red hot Nasdaq 100 index of tech behemoths or boring old long-term bonds? The Nasdaq 100 ETF (QQQ) is up an astonishing 25.5% this year during a pandemic and that’s including a 29% peak-to-trough drawdown. But the long-term treasury ETF (TLT) is up 27.3%. Long-term bonds are outperforming tech stocks in one of...

Why Would Anyone Own Bonds Right Now?

Here’s some good 2020 finance trivia for you: What’s the better performer this year — the red hot Nasdaq 100 index of tech behemoths or boring old long-term bonds? The Nasdaq 100 ETF (QQQ) is up an astonishing 25.5% this year during a pandemic and that’s including a 29% peak-to-trough drawdown. But the long-term treasury ETF (TLT) is up 27.3%. Long-term bonds are outperforming tech stocks in one of...

This Week on TRB

Drove up to the north shore to see Barry this week. I got the “Full Ritholtz” – career advice, economics, Netflix recommendations, recipes, restaurant reviews, anecdotes, tangents, history lessons, business updates, marriage counseling, health tips – just epic. This has been a transformative year for the firm and we’ve managed it almost entirely from remote working conditions. It hasn’...

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Ritholtz Wealth Management named to FT 300 list

This achievement by the 32 members of my firm is extremely gratifying. Being named to the top 300 wealth management firms – one of only 27 selected out of New York State – is an honor and thrill. We never take these moments of recognition for granted. Barry and I have people asking us to help them invest everywhere we go, around the clock. We never hesitate for a moment knowing that the caring, dedicated men ...

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The Battle of the Bubbles

Things are getting pretty speculative out there in the markets. How speculative are they Ben??? I’m glad you asked. Speculative enough that we’re now in the midst of a “blank check” boom. Special Purpose Acquisition Vehicles or SPACs are all the rage right now. Bill Ackman got $4 billion for one. Moneyball extraordinaire Billy Beane of the Oakland Athletics filed for a $500 million pro-sports-based...

Talk Your Book: Fixed Income Investing in a Low Rate World

Today’s Talk Your Book is brought to you by State Street: We spoke with State Street’s Marvin Loh about all things fixed income investing and the difficulty of investing in a world with no yield. We discuss: How the bond market became untradeable in March How the Fed fixed the credit markets How much of what the Fed did was psychological? How much more carnage would there have been without Fed support? What ...