Date: October 2018

5 posts in October 2018

31Oct

Market Turbulence: Why Passive Needs Active

Did your passive index fund call you this month?  NO, it did not! Imagine a scenario of sitting on a plane.  After some turbulence, the pilot came back and asks you if everything seemed ok. He tells you he has the plane on auto pilot and was not fully watching. Imagine the shock/concern/fear!  The assumed professional…

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18Oct

Uncertainty and the Market

The market hates uncertainty. Well, perhaps not hates, but dislikes for sure. The market climbs a wall of worry and falls down the wall of uncertainty, as we saw this week with the S&P 500 losing more than 6% earlier this month (October 2018). There is no shortage of uncertainties on the list; to name…

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16Oct

What Recession? Why the Sky Can’t Fall in the New Economic Reality

The recession is coming, the recession is coming – or, maybe not. Even as the market marches steadily higher, and the economic data print is consistently at or above the level indicating economic growth, the cry being heard is that a recession is coming.[i] Some even predict that the next downturn will be as severe…

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11Oct

October update on the US economy

Our proprietary Astor Economic Index® is still showing strong growth in the US economy. The index is currently at the bottom of a fairly narrow range it has been in during 2018.  The economy has thus far proved itself resilient to escalating trade tensions and steadily rising interest rates. Has the Fed shifted According to…

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9Oct

Emerging Market Turbulence: Here to Stay?

Normalizing US rates and higher oil prices have begun to expose persistent macroeconomic imbalances in emerging markets.   As returns begin to look more appealing in developed markets, we expect elevated levels of volatility to continue in emerging markets, especially those with large twin deficits, high external borrowing needs, a reliance on portfolio flows for financing…

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