THE BLOG

28
Aug

Global Growth Status Update

Content provided by Kostya Etus- Research/Portfolio Analyst In order to evaluate global growth, CLS will be looking at PMI* figures. Overall, the global manufacturing PMI was relatively unchanged in July at a level of 52.5 (ticking down 0.1 but still in expansionary territory). Growth expanded in three-fourths of the world and 61% of PMIs rose...
27
Aug

No Time Like the Present

Content provided by Sierra Morris, CLS Junior Investment Research Analyst Looking at today’s top stories with headlines about tapering, interest rates rising, geopolitical turmoil, and stretched valuations, you may be tempted to ask yourself if investing is really worth it right now. However, looking back at history, it is evident that there has never been...
22
Aug

Bad Investing 101

Content provided by Grant Engelbart, CLS Portfolio Manager Let’s step out of the world of “best practices” and “prudent management” for a second and explore some of the things you should avoid when investing.  I may or may not have experienced or committed the following acts in my personal investing, but either way it should...
20
Aug
19
Aug

Money Market Reforms Are Good

Content provided by Marc Pfeffer, CLS Senior Portfolio Manager As someone who has managed money market funds over four different decades, I probably have a much more biased opinion as to the benefits they provide to all investors.  And, I think some of the stories in the press of late have been a bit sensational...
15
Aug
07
Aug
04
Aug

Valuations Matter

Content Provided by Paula Wieck, CLS Manager of Investment Research Below is a chart showing the Shiller’s CAPE (or cynically adjusted price-to-earnings) ratio levels and corresponding market returns. The green bars represent the cheapest/lowest CAPE ratio whereas the dark blue represents the most expensive/highest CAPE ratio. As a reminder, the CAPE ratio is a smoothed...