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ARTICLES & INSIGHTS
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ARTICLES & INSIGHTS
- HOME CIO INSIGHTS COMMENTARY AND ANALYSIS FROM ANGELES' CIO, MICHAEL ROSEN ANGELES INSIGHTS RESEARCH AND PERSPECTIVES FROM THE ANGELES TEAM IN THE NEWS PRESS RELEASES, INTERVIEWS, AND PUBLICATIONS FEATURING ANGELES MARKET UPDATE SNAPSHOTS MONTHLY MARKET ANALYSIS VIEW ALL MEDIA
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IT'S A BIG WORLD 11-03-2014
With apologies to Walt Disney, the global economy is getting, well, more global, and, intuitively, companies' sensitivities to global macro factors ...
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QE IMPACT? 10-31-2014
QE3 (the policy, not a new Cunard ship) was launched 2 years ago and ended this week. The expanded it balance sheet by $1.6 trillion, or ...
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DOUBLE LEVERAGE? 10-29-2014
Oil prices are down about $30 from their highs; great news for consumers and the big oil importers (China, Korea, India). Not so good news for the big ...
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BRASIL 10-28-2014
A hundred years ago, I studied international relations in school (the Sykes-Picot Treaty was a hotly-debated current topic among us). For the few of ...
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THE PRESENT IS THE FUTURE (AT LEAST IN BOND LAND) 10-27-2014
In our long-term assumptions, we generally assume that the total return in fixed income is pretty close to its starting yield. That's because a ...
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I'M NOT DEAD! 10-24-2014
A great line from a great Monty Python movie, and another crisp cover from The Economist: ...
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KIDS! 10-23-2014
On a totally non-market subject, more young adults are living with their parents, and here's the graph to prove it (courtesy of Hugo Scott-Gall of ...
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EUROPE FALLING 10-22-2014
Yes, pessimism over Europe's prospects is high, and valuations in Europe are relatively low. But both for good reasons.Below is another data point ...
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REVERSAL 10-21-2014
I'm interpreting the spike down last week and the strong rebound in the past few days as bullish. See the chart below from Friday's close ...
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SHADES OF 2007? 10-17-2014
Nice graphic in today's FT showing the spike in vol and sell-off in risk (Greek bond yields jumped from 5.5% to 9% in the past few days).I still think ...
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OLD AGE 10-16-2014
It's been 3 years since US equities have corrected more than 10%. But there's no law about how long rallies can last without a correction.In ...
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CONSIDER 10-16-2014
Consider:Volatility spiked to its highest level in over 2 years.Global equities are in negative territory this year, led by Europe's 10% ...
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KNOWNS AND UNKNOWNS 10-16-2014
Until last month, 2014 was a year of investor complacency. Recent market volatility has shaken offrnthe prevailing calm with a healthy re-examination ...
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MLPS 10-15-2014
Some historical data from Credit Suisse below: MLPs are off 14% this month, pretty bad. Subsequent performance (no guarantees) looks pretty strong ...
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PANIC! 10-15-2014
Like Scary Nights at Universal Studios (where my daughter went this weekend), it really is scary out there. I Walked into the office looking at a ...
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US ECONOMIC GROWTH 10-14-2014
So, US economic growth is outpacing the rest of the developed world (and much of the non-developed, um, emerging, world), as seen in these charts ...
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3RD QUARTER 2014 - PLAGUE 10-01-2014
Twenty million people died in the four brutal years of the Great War. Thus, the armistice of 11 November 1918 was greeted with the profound joy borne ...
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2ND QUARTER 2014 - DIG 07-01-2014
Whiskey has been an indelible part of Scotlands identity for centuries. Historically, consumption was tolerated by the Church of Scotland, but only in ...
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1ST QUARTER 2014 - TRUMP 04-01-2014
Sports have been integral in societies since at least the ancient Greeks, and probably before. Today, through the magic of the internet (and ESPN), ...
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4TH QUARTER 2013 - WEED 01-01-2014
Gardening goes back a long time in human history. Eden, after all, was a garden. The Hanging Gardens of Babylon, thought to exist about 2,600 years ...
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ANGELES WEALTH MANAGEMENT - QUARTERLY REVIEW 10-01-2013
For the quarter ending September 30, 2013, global equities gained 8.3%, and appreciated an impressive 15.2% year-to-date. Global stocks outperformed ...
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3RD QUARTER 2013 - ELEKTRON 10-01-2013
Fossilized tree resin has been valued by humans since antiquity. Its essence was used in perfume (still is), and its translucent beauty evokes ...
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ANGELES WEALTH MANAGEMENT - QUARTERLY REVIEW 07-01-2013
For the quarter ending June 30, 2013, global equities, as measured by the All Country WorldrnIndex Investable Market Index (MSCI/ACWI/IMI) fell .5%, ...
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2ND QUARTER 2013 - BLUE 07-01-2013
O pium poppies have been cultivated by humans for over 5,000 years. But its chemistry wasnt understood until the early 19th century when the German ...
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