Investing and Politics

Americans frequently view economic conditions through a political lens, for better or worse. However, markets are driven by fundamentals over long periods of time - not politicians. ACG examines the different factors influencing markets and why modifying investment portfolios based on political views can be hazardous to returns.


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A Bubble in Index Funds?

Substantial inflows into passive funds over the last decade have led to speculation that a bubble is forming.  The lack of security-level analysis when investing in passive funds suggests stock prices are being distorted by record inflows.  ACG reviews the historical data, including recent market dislocations, and identifies whether a tipping point has been reached.
 

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Collapsing Yields and Concerning Curves

Given the existence of low or even negative yields, investors are increasingly challenged with sourcing incremental income. The recent inversion of the US Treasury curve has also heightened concern about a near-term economic recession. ACG explains the implications of the yield curve and potential portfolio impacts going forward.

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Under-Saved and Overconfident

Over the past 40 years, creating and maintaining financial security has become more of a personal endeavor.  Despite record aggregate levels of US wealth, large portions of the population appear quite vulnerable. 

ACG reviews spending and saving habits, and discusses the importance of maintaining realistic return expectations to achieve long-term goals. 

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