James Picerno's Comment & Analysis
A complete archive of James Picerno's articles, including current analysis & comment - Page 42
Few assets confuse and confound the average investor as much as gold. But there’s an easy solution for cutting through the noise and thinking rationally about how the metal can fit into a...
Stronger headwinds may be brewing for the US economic outlook, but next month’s third-quarter GDP report looks set to post a moderately firmer growth rate, based on the median estimate via...
Financial markets have had a bumpy ride lately, inspiring fresh concerns that this year’s rebound from 2022’s sharp loss has run its course. It’s premature to dismiss that...
The expected return for the Global Market Index (GMI) ticked up in August from the previous month. Today’s revised long-run forecast for this benchmark — a market-value-weighted portfolio...
Cash led the performance race in August for the major asset classes, based on a set of proxy ETFs. In fact, most markets posted losses last month. The handful of winners, in addition to cash: a broad...
Last week I briefly profiled the earnings yield as a tool for estimating the US stock market’s equity risk premium, the return on stocks over a “risk-free” rate. For comparison,...
After three straight weekly declines, the Global Market Index (GMI) rebounded for the trading week through Friday, Aug. 25. This unmanaged benchmark holds all the major asset classes (except cash) in...
US economic growth in the first half of the year appears on track to continue in the third quarter, based on the median estimate via several sources that are aggregated by...
Betting against large-cap stocks and its growth component remains a tough sell so far this year, based on a set of ETF equity risk factor proxies through Wednesday’s close (Aug. 23).Although...
How many equity risk premiums are out there? Too many to address in a single article. The variety is at once a challenge and a tool.A challenge because depending on your modeling preference,...