Page 3 - Michael Barrer News Today

This time we discuss a topic that seems to be top-of-mind for many economists, advisors and investors: inflation.

May 11, 2021 WisdomTree recently launched its eNAV (estimated NAV) tool, a refresher on the indicative optimized portfolio value (IOPV) metric that’s long been integral part of exchange traded fund mechanics. As was recently reported here, IOPV isn’t a price advisors and institutional can transact in ETFs, but it does provide those market participants with a useful real-time snapshot regarding the value of an ETF’s underlying holdings. WisdomTree’s eNAV expands upon and refreshes IOPV...

For a company the size of Berkshire Hathaway, with nearly $900 billion in assets, the $6 billion investment was relatively modest. Perhaps because the amount is just a rounding error for Berkshire, the investment garnered little public attention. There was initial optimism from some—like one article from the Financial Times titled “Why Warren Buffett could lead other money managers into overlooked Japan”—but that attention has waned. And equity flows from international money managers ce...

May 8, 2021 On Behind the Markets, a podcast brought to you by Jeremy Schwartz, WisdomTree Global Head of Research, we talk to market strategists, business executives and financial advisors about important trends underpinning the financial markets.  In this episode, Jeremy talks to Sailesh Radha, co-founder and chief investment strategist of Borealis Global Advisory, and Drew Edwards, head of GMO’s Usonian Japan Equity team. In the first half of the podcast, we spoke with Sailesh Radha. We...

May 6, 2021 Perhaps it’s fitting, but the world of exchange traded funds (ETFs) is littered with acronyms, one of which is indicative optimized portfolio value (IOPV). Also referred to as intra-day value, IOPV is a real-time estimate of an ETF’s fair value based on prices of the fund’s underlying components. Updated continuously throughout the trading day, IOPV isn’t a price advisors and money managers can transact, but it does provide a template for what prices a fund should be bough...

Why Netflix Isn’t in WisdomTree’s Growth Leaders Fund – and Hasn’t Ever Been By Jeremy Schwartz, CFA, Global Head of Research; Alex Moazed, CEO of Applico FAANG is now FAMGA (Facebook, Apple, Microsoft, Google, Amazon). This is the message Applico has been communicating for the past couple years, dating back to Alex’s Fox Business interview in 2019. And since Netflix’s annual report was released this month, Netflix’s high-growth tech story has been debunked. Instead, Netflix i...

A Quarterly Economic and Market Outlook in 10 Charts or Less “I just dropped in to see what condition my condition was in” (By Kenny Rogers & The First Edition, 1967) When reviewing the current state of the global economy and investment markets, we recommend focusing on market signals and weeding out market noise. We believe the five primary economic and market signals that may provide perspective on where we go from here are  GDP Growth Global growth is expected to accelerate over the c...

non-farm payrolls and “ U-2,” or the overall unemployment rate (not the band): While employment has risen steadily and unemployment has fallen likewise, neither has recovered their level from prior to the onset of the COVID-19 pandemic. The Richmond Federal Reserve Bank forecasts further declines in the headline U-2 number, especially following the recent passage of the $1.9 trillion fiscal stimulus package: When looking at employment and payroll numbers, it is helpful to distinguish betwe...

A bird in the hand is worth two in the bush.[1] In investing, this describes investors’ preference for dividends (the bird in the hand) relative to future price appreciation (two in the bush). While this preference is undeniable, the impact of dividends on company valuation represents a fault line between a traditional finance view and a behavioral finance view of markets: From a  traditional finance standpoint—where all investors are rational and markets efficient—the relevance of ...

When budget deficits are running in the multi-trillions, guess what? You have to finance this huge gap.