The number of publicly-listed US companies continues to decline each year. From a peak of over 7,600 in 1997 the number has shrunk to about 3,600 at the end of 2017. That is a reduction of over 50%. Click to enlarge Source: Where Have All the Public Companies Gone?, April 8, 2018, Bloomberg Despite the fall …
Continue reading ‘On the Total Number of Mutual Funds in the US Market’ »
U.S. stocks have historically yielded strong returns in the years following bear markets. Since 1926, the average duration of bull market has been 82 months while that of the bear market has been just 23 months according to an article at T.Rowe Price. To put another way, bull markets last four times as long as …
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The bull market in U.S. equities since the Global Financial Crisis(GFC) seemingly remains strong despite many crises affecting the US and global economy in recent years. The most recent Turkey crisis has become another “dead on arrival” case. The question now on most investors’ mind is what is holding up US stocks so well and …
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Emerging equity markets outperformed developed markets until a few years ago. Since then emerging equities have lost their shine and now their developed peers are outperforming them as the chart below shows: Click to enlarge Source: Econosights – Should we worry about emerging markets?, AMP Capital
The Callan Periodic Table of Investment Returns is an excellent tool to analyze the returns of various asset classes and the importance of diversification The chart from for the time period 1998 to 2017 is shown below: Click to enlarge Source: Callan Associates