The Commodity Head Fake20160209104553

The Commodity Head Fake

February 9, 2016Research
Prediction is very difficult, especially if it’s about the future.Niels BohrIn the annals of modern portfolio theory, commodities deserve an award for the biggest diversification head fake of all time.By 2006, commodities looked like the ideal diversifier.  Academic studies demonstrated that commodi...
An Excerpt from the Mid-Month Update20160115192619

An Excerpt from the Mid-Month Update

Given the market volatility, we provided a mid-month update to our investors.  The following is a brief commentary on the markets:For purposes of this update, we’ll highlight some ways in which the situation today is very different from 2008:On the positive side, while the Great Financial Crisis nea...