Viewpoints
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December 19th, 2018 | by Gregg S. Fisher, CFA, "Invest with Reason"
Don’t Ignore Cancer’s Financial Risk
Great progress is being made in beating cancer, and we’re now offering to interested clients a pool of biotech and pharmaceutical investments focused on cancer research. In that context, we felt it was appropriate to introduce a panel discussion with leading cancer experts on cutting-edge treatments. There is much heartening news, but challenges remain—including financial hurdles: […]
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September 21st, 2018 | by Gregg S. Fisher, CFA, "Invest with Reason"
Should Investors Exit International Stocks?
• Foreign stocks have trailed badly behind US stocks so far in 2018, leading some investors to question whether they should maintain foreign exposure in their portfolios. • US and foreign stocks move in somewhat different cycles, which are difficult to predict. • Over most extended investment time horizons, a global portfolio outperforms a US-only […]
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August 10th, 2018 | by Gregg S. Fisher, CFA, "Invest with Reason"
The Market’s Sea Change and What the Bond Market’s Trying to Tell Us
Markets (equities and fixed income) have been more volatile in 2018 in the wake of rising interest rates, higher inflation, and geopolitical risk. The US stock market, underpinned by a strong economy and robust earnings growth, has outperformed foreign markets, but US equity valuations are elevated by historical standards. Most bond investments have lost money […]
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July 26th, 2018 | by Gregg S. Fisher, CFA, "Invest with Reason"
Investing in Bonds in a Time of Rising Rates and a Flattening Yield Curve
This year has been marked by losses in most bonds and a dramatic flattening of the interest-rate yield curve. Investors should focus on the defensive and risk-management roles of bonds in a diversified portfolio. We prefer short-term, high-quality bonds for their relatively high risk-adjusted returns and hedging quality in times of crisis. The first half […]
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