Date: July 2015

2 posts in July 2015

20Jul

Portfolios of ETFs and Liquidity

I have gotten questions about the liquidity of ETF portfolios, especially in times of market stress. I think they make sense for most investors even taking these risks into account.   I think there is decent evidence that liquidity is changing. However, this does not seem to be an issue which is peculiar to of…

Continue Reading

2Jul

Jobs day read on the US economy

• My current view of the economy is for continued, modest expansion in the US. The proprietary index we track as a primary gauge was modestly stronger over the second quarter, though still below the levels of the fourth quarter of 2014. Likewise, the Atlanta Fed’s current estimate • The jobs market continued to improve…

Continue Reading