Category: Commentary/Video

81 posts categorized as "Commentary/Video"

6Feb

February update on the US economy

Our proprietary Astor Economic Index® is still showing good growth in the US economy.  The index rebounded somewhat from last month as jobs growth continued strong and the purchasing managers surveys became more optimistic.  The shutdown did not affect the market moving measure of private payrolls with the rate of job creation increasing solidly compared…

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25Jan

Rob Stein discusses his outlook for 2019 on TDA Network’s Morning Live

  Is It So Good It’s Bad? Watch Astor’s CEO and Founder, Rob Stein, on TDA Network’s Morning Live. Rob discusses how Astor is monitoring the current economic data as well as his outlook for 2019. Click the image above or click here to watch the video! All information contained herein is for informational purposes…

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23Jan

Rob Stein Talks About Translating Economic Information Into Investing Insights on Business First AM

  All information contained herein is for informational purposes only. This is not a solicitation to offer investment advice or services in any state where to do so would be unlawful. Analysis and research are provided for informational purposes only, not for trading or investing. Astor and its affiliates are not liable for the accuracy,…

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18Jan

Astor’s Outlook for 2019

Click here to read Astor’s Outlook for 2019. Founder and CEO, Rob Stein, looks back at 2018 in the markets, as well as what could be in store for 2019.

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11Jan

Factor Investing: Here to Stay?

Factors have entered the mainstream of investing.  Factor investing was once limited to academic finance and institutional investors, but strong returns have driven a proliferation of factor (also known as smart beta) products (1025 ETFs with over $823 Bn AUM), allowing individual investors to access factor investing as never before.  Of late, however, factor performance…

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31Dec

Current Market and Historical Context

Market volatility of the past few weeks/months has created anxiety for investors who can’t help but wonder what’s going to happen next. The economic backdrop, while moderating a bit, is not exhibiting recessionary indications. Nonetheless, trade, the Fed and other geopolitical issues domestic and abroad have created an environment of concern for investors. What this…

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11Dec

December update on the US economy

Our proprietary Astor Economic Index® is still showing strong growth in the US economy, though the index is near its low for 2018.  The economy as we measure it has thus far proved itself resilient to escalating trade tensions and steadily rising interest rates. Labor market The pace of hires slowed slightly last month –…

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6Dec

Does an Inverted Term Structure Lead to Recession?

Given the yield curve has been in the news as of late, we wanted to re-share Astor’s views. Much has been made of the flattening yield curve trend that has developed over the past year or so.  Yield curves that are inverted, with short-term rates higher than long-term rates, have historically preceded recessions in the…

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12Nov

The Recession is Coming, The Recession is Coming . . . Or Is It?

Although the impossibility of predicting future recessions seems almost axiomatic, a growing crowd of economists, pundits and market participants have added their voices to the chorus proclaiming an impending recession in 2019 or 2020. The next recession is unlikely to mirror the 2008 financial crisis in duration and severity, but several of the more plausible…

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6Nov

November Update on the US Economy

Our proprietary Astor Economic Index® is still showing strong growth in the US economy, though the index is near its low for 2018.  The economy has thus far proved itself resilient to escalating trade tensions and steadily rising interest rates. Financial stress in October The most dramatic event in October was the selloff in global…

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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, reliance on portfolio flows for financing and…

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12Sep

Why the Economy Provides the Right Roadmap for Mitigating Risk

Click on the image above or click here to download the PDF.

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11Sep

September update on the US economy

Our proprietary Astor Economic Index® is still showing strong growth in the US economy. The index is currently in the middle of a fairly narrow range it has been in during 2018.  The economy has thus far proved itself resilient to escalating trade tensions.     Various of the regional federal reserve banks produce nowcasting…

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24Aug

Which sectors are defensive?

As the current recovery ages and trade tensions garner headlines, a money manager’s thoughts turn to defensive sectors.  But how have the defensive sectors actually done in recent recessions? We examine the record in this post. For an investment manager, there is an obvious appeal in knowing how sectors of the economy perform in recessions…

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9Aug

August update on the US economy

Our proprietary Astor Economic Index® is still showing strong growth in the US economy. The index is currently at near top of the fairly narrow range it has been in during 2018. The labor market continues to add more jobs than is required to keep up with the natural growth of population.  We can see…

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18Jul

Astor Investment Management CIO, John Eckstein, on Bond Markets

Play Video   All information contained herein is for informational purposes only. This is not a solicitation to offer investment advice or services in any state where to do so would be unlawful. Analysis and research are provided for informational purposes only, not for trading or investing. Astor and its affiliates are not liable for…

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