Date: July 2015

2 posts in July 2015


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…

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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…

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