With all of the computing power at our fingertips, it is natural that we should look to harness that power in creating investment strategies that allow us to evaluate huge amounts of data. Algo X is a use case of that technology.
Our travels often take us to Utah, the home of best-selling author, Steven Covey. As with much of America, his book changed the way many think and work. It is no surprise that the Wall Street Journal has called this book “the most influential business book of the century.” Despite being written many years ago, the principles and thoughts still remain insightful and thought-provoking.
It’s time: you need to tune your scanner for information coming out of Mexico. What has always smoldered has started to flame. Those flames could be a five-alarm fire in 2018. Hyperbole? Maybe, but in the course of over fifty visits to Mexico this year alone and 33 years in the country focused on the economic and financial environment in the country, it is clear to our firm that the country is at a critical juncture, and the presidential elections next year will be the determining factor of which way Mexico turns.
The first half of 2017 is now in the books. You have to love a full year’s worth of returns in the first six months of the year. My guess: Returns get harder and the ride gets bumpier from here. With volatility so low, it’s hard not to expect some mean reversion this summer. Holding some cash and being tactical around the core could be the best bet heading into year end.
More often than not, advisors and clients move too slowly in increasing allocations away from the U.S., thus missing out on much of the International rebounds that have occurred throughout history. This is largely due to Home Country bias and not feeling as comfortable with having exposures to countries and companies with which they aren’t as familiar.
We view Japanese equities as the 7th most attractive investment out of a universe of 34 liquid investable countries. Japan stands out with stronger than average (and improving) fundamentals with below average risk. Furthermore, Japanese equities exhibit attractive value, with the country’s overall value profile coming in at 7th overall in April.