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Do core and transitory volatilities matter for the economy? Indeed, a considerable body of empirical evidence suggests that financial market volatility is made up of two components: a slowly varying ‘core’ component and a ‘transitory’ component that dissipates quickly.

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Factors vs. Sectors in Asset Allocation [0.17]

Posted on June 8, 2017, 4:34 a.m. by blog @ [source]

What is better - factor of sector investing? Our results show that sector investing is effective for reducing risk through diversification while factor investing is better for capturing risk premia and so pushing up returns.

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'SPY' Rakes In Funds [0.16]

Posted on June 8, 2017, 4 a.m. by HOME @ [source]

SPY back on top, while tech takes a hit, on Wednesday, June 8.

Net Flows ($, mm) AUM ($, mm) % of AUM U.S. Equity 1,481.59 1,652,071.85 0.09% International Equity 1,504.25 662,564.67 0.23% U.S.

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ETF League Table As Of June 7, 2017 [0.04]

Posted on June 8, 2017, 4 a.m. by HOME @ [source]


Pension plans are eventually going to cause some problems for municipalities who have over-promised and under-saved for their beneficiaries.

The pension crisis is a slow-moving train wreck that will likely cause huge problems for many municipalities and their retirees that are banking on pension income to supplement their retirement spending needs.

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From the front-office to the back-office, a crop of new capital markets tech companies are looking to digitize traditional financial services operations. We organized the companies into 3 main categories based on the traditional area of the business model they are attacking (front-office, middle-office, or back-office).

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Best Performing ETFs So Far This Year [0.13]

Posted on June 7, 2017, 7:45 p.m. by HOME @ [source]

They say the best perfumes come in the smallest bottles.

But the top 10 best-performing ETFs this year command only about $1.42 billion in total combined assets.

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The questions we hear all the time [0.18]

Posted on June 7, 2017, 7:08 p.m. by The Reformed Broker @ [source]

The questions we hear all the time goes back to that uncertainty issue: What’s the Federal Reserve going to do?

All those questions are things that you as an investor simply are not going to be able to answer with any degree of accuracy—it’s really a crapshoot.

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Quantmod 0.4-9 on CRAN [0.00]

Posted on June 7, 2017, 5:25 p.m. by FOSS Trading @ [source]


Yahoo Finance Alternatives [0.00]

Posted on June 7, 2017, 5:20 p.m. by FOSS Trading @ [source]


What Is Ailing Retail? [-0.05]

Posted on June 7, 2017, 4:30 p.m. by The Big Picture @ [source]

It’s Not Just Retail That’s Changing.

Despite record highs in the markets, bad news about consumers has been relentless: malls are closing; consumers have accumulated too much debt; incomes are stagnant.

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Old-School Smart Beta ETFs Worth A Look [0.08]

Posted on June 7, 2017, 2:15 p.m. by HOME @ [source]

Todd Rosenbluth is director of ETF and mutual fund research at CFRA. Similarly, ETFs regularly come to market and seek to offer a better alternative to the entrenched securities in client portfolios.

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Today in Absurd Tribalism [-0.02]

Posted on June 7, 2017, 2 p.m. by The Reformed Broker @ [source]

The other day, President Trump told the world, on television, that he fired James Comey as head of the FBI because of the investigation into his campaign’s possible collusion with the Russians to disrupt our elections. What’s different this time is the degree to which Republicans are being forced to twist their minds into pretzels in order to get through the day.

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The Post-Election/Year ‘7’ Bermuda Triangle [-0.03]

Posted on June 7, 2017, 1:25 p.m. by Jay On The Markets @ [source]

There are many “seasonal” tendencies that have played out often in the stock market during post-election years and also during years ending in the number “7” (no, seriously).

Does this really matter and/or will it affect the market in 2017?

data displays election investment market months post pretty seasonal years


Here’s the deal – I grew up as a voracious reader and this continued up until about 10 years ago, when my daughter was born and then my son came along. So I’ve been averaging just 11 or 12 books a year for the last few years.

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QOTD: Constantly Humble [0.12]

Posted on June 7, 2017, 12:45 p.m. by The Reformed Broker @ [source]

What differentiates successful investors from others is not related to intelligence, but rather related to attitude. Therefore, paradoxically, successful investors must be able to combine both a high confidence in their judgment while also remaining constantly humble.

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In 2012 we published a whitepaper entitled “Adaptive Asset Allocation: A Primer” in which we built upon the simple, robust momentum framework proposed by Mebane Faber in his 2009 study “Relative Strength Strategies for Investing.” Our approach utilized a portfolio optimization overlay to this framework which served to stabilize and strengthen the dynamic mix of high-momentum assets, providing a powerful way to enhance absolute and risk-adjusted returns.

Note that this universe is slightly different than the universe that we explored in whitepaper.

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Chart o’ the Day: The Everything Rally [-0.01]

Posted on June 7, 2017, 12:01 p.m. by The Reformed Broker @ [source]

The Wall Street gives a shoutout to the Everything Rally this morning, noting the current goldilocks environment of low inflation, stable economic growth, easy monetary policy and the dollar’s 5% fall.

Stocks, bonds, gold and bitcoin—assets that rarely move in unison—have all been surging this spring, an everything rally that leaves investors confounded about how to play the plodding U.S. expansion and vulnerable to sharp reversals in fortune.

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For example, ETFs with "low volatility" or "minimum volatility" in their names can turn out to behave quite differently for investors in precisely the environment that they are most looking for risk mitigation.

A fund's name might seem like a good starting point for gaining an initial understanding of how it is constructed – "Infrastructure," for example, would seem to have something to do with the facilities, roads and power supplies needed to operate society.

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