by Nicolas Rabener | Mar 20, 2023 | Uncategorized
Myth-Busting: The Economy Drives the Stock Market Wait, what else drives it? March 2023 Reading Time: 10 Minutes. Author: Nicolas Rabener. This research note was originally published by the CFA Institute’s EI blog. SUMMARYUS real GDP growth and US stock market returns...
by Nicolas Rabener | Sep 19, 2022 | Uncategorized
Inflation-Linked Bonds for Inflationary Periods? Interest rate versus inflation rate sensitivity September 2022. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYInflation-linked bonds are considered inflation-hedgesHowever, these have lost almost as much as...
by Nicolas Rabener | Jul 18, 2022 | Uncategorized
Evaluating Inflation Hedges More diverse than expected July 2022. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYDespite being different metrics, CPI and breakeven inflation rates exhibited the same trends since 2003The securities with high betas to...
by Nicolas Rabener | Dec 6, 2021 | Uncategorized
Stock Market Returns and Volatility Is volatility a friend or foe? December 2021. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYAverage stock market returns are similar regardless if volatility was high or lowHowever, given skewed returns, it was not...
by Nicolas Rabener | Nov 22, 2021 | Uncategorized
Musing About S&P 500 Valuations Seeking greener pastures November 2021. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY The valuation of the S&P 500 depends on portfolio construction Analyst EPS projections are likely overly optimistic PEG ratios of...
