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Equity markets have been under selling pressure, even though profit expectations are rising and the yield curve is steepening. What could explain this?, Investors around the world anticipate the month of January with excitement. This is because January tends to be, on average, a strong month for stocks, particularly those of smaller companies. [...]

The first is what is taught in finance programs at academic institutions around the world, and the second is that lower interest rates should always lead to higher valuations, There are two popular myths in financial markets that I would like to debunk. The first is what is taught in finance programs at academic institutions around the world – [...]

We’re still near the point of maximum optimism - and that’s dangerous, A few years ago, Blackrock carried out a study in which they found that while the average equity mutual fund in the US over a 40-year period produced an annual [...]

As one can see, growth stocks react much more negatively than value stocks when the news is bad than when the news is good, There is plenty of academic research showing that, on average in the long run, value stocks − defined by academics as stocks with low price-to-earnings (P/E), or price-to-book ratios (P/B) [...]

Superior stock market performance could transfer to emerging markets if they possess these three characteristics, The U.S. stock market has been on a roll in recent years. Its performance has outshined that of emerging markets, which have been flat over the last 15 years. It [...]

Having the right character and being willing to go against the norm matters more than intelligence, interviews show, Updated: December 29, 2023 Executing on an investment decision is the most difficult step of the investing process. It requires the right character and temperament – qualities that are difficult [...]

AI may surcharge productivity, but for now it is not clear exactly how AI will render business processes more effective, Updated: November 28, 2023 Will https://www.theglobeandmail.com/topics/artificial-intelligence/ have a dampening effect on inflation and interest rates, and a positive effect on productivity and profit margins? Let’s just say we shouldn’t count [...]