Director of Research at Pension Partners

Charles Bilello, winner of the 2014 Charles H. Dow Award and 3rd Place Winner of the 2014 Wagner Award, is the Director of ... more

ALL CONTRIBUTIONS

Inflation, Deflation, And Stock Market Returns
Inflation! Deflation! Two words that strike fear into the hearts of investors. Are such fears justified?
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Crude Oil, Inflation Expectations, And The End Of Easy Money
Every major developed country central bank in the world is maintaining negative real interest rates in what is now the 9th year of a global economic expansion.
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Trend Following In Bitcoin
If we define an uptrend as an asset trading above its 200-day moving average, Bitcoin has been in one for over two years now: since October 11, 2015.
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When Stocks And Bonds Go Down Together
There are certain times when the very source of equity market anxiety is a rise in interest rates and potential inflation. During such times you can see stocks and long bonds fall together.
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Will Yields Break On Through To The Other Side?
If economic growth and inflation are going to increase as expected from here, a continued rise in yields would seem likely. But the better question perhaps is whether investors should welcome or fear such an outcome.
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Valuations And Bear Markets
U.S. equity valuations are high. How high? In January, the CAPE (Cyclically Adjusted P/E) ratio rose to 33.76. This is more than double the average historical CAPE Ratio since 1990.
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STOCKS I FOLLOW

AGG iShares Trust - iShares Core U.S. Aggregate Bond ETF
DIA SPDR Dow Jones Industrial Average
EUFN iShares MSCI Europe Financials Sector Index Fund
IWC iShares Russell Microcap Index Fund
IWM iShares Russell 2000 Index Fund
IWV iShares Russell 3000 Index Fund
SPY SPDR S&P 500
TLT iShares Lehman 20+ Year Treasury Bond Fund
XLU Utilities Select Sector SPDR

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