Editor at The ETF Asset Class Performance Review
Contributor's Links: The Capital Spectator

James Picerno is a veteran financial journalist and has been writing about portfolio strategies, investment products, and macroeconomics since the early 1990s at Bloomberg, Dow Jones and other media groups before becoming an independent writer/analyst/consultant in 2008. He’s currently ... more

ALL CONTRIBUTIONS

US Business Cycle Risk Report - Friday, Feb. 17
The political risk may be on the rise, but the US economy began 2017 on a strong note. As projected in previous months, macro momentum has strengthened, pushing recession risk down to a virtually nil reading for January.
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EC Economic News Hints At Another Rate Hike
With inflation trending higher these days, and retail sales strengthening, the Fed will find it harder to stand pat if the incoming data continues to skew positive.
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Mr. Market Bets Big On Trumponomics
Bullish momentum certainly looks encouraging these days and for the moment it’s reasonable to assume that the general tide for equities will continue to rise. What’s the fuel for the rally? In a word, Trump.
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Is Bubble Risk Elevated For US Stocks?
Analysts say that investors are enthused by bullish expectations for the Trump administration’s economic plan in general, and a tax overhaul in particular for the immediate future.
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Commodities Rallied Last Week, Leading Most Markets Higher
Broadly defined commodities topped the winner’s list last week, rising to the highest level since last summer, based on a set of based on a set of exchange-traded products representing the major asset classes.
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How Much Political Risk Can The Markets Tolerate?
Trump supporters argue that when the dust clears the US will be in a stronger position economically and geopolitically because of the policy changes underway. Skeptics take the opposite view.
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STOCKS I FOLLOW

BWX SPDR Barclays Capital International Treasury Bond ETF
GM General Motors Company
GS Goldman Sachs Group Inc.
OIL iPath S&P GSCI Crude Oil Total Return Index ETN
PCY PowerShares Emerging Markets Sovereign Debt Portfolio
RTL iShares FTSE NAREIT Retail Index Fund
SPY SPDR S&P 500
VTI VANGUARD TOT STK MKT ETF

TWEETS

PERSONAL BLOG

Latest Posts

Work Experience

Editor
The ETF Asset Class Performance Review
September 2013 - Present (3 years 6 months)
The ETF Asset Class Performance Review (EACPR) is a weekly newsletter that offers a broad survey of market activity for the major asset classes and their principal sub-categories, based on a representative list of ETFs/ETNs. The format is designed to provide perspective in the search for timely rebalancing opportunities for managing asset allocation. Each issue reviews performance and related data through the end of the current week with a mix of tables and graphs.
Macro Blogger/Analyst (Freelance)
Saxo Bank
November 2012 - Present (4 years 4 months)
I write the "3 Numbers To Watch" blog (four days a week)
Editor
CapitalSpectator.com
March 2003 - Present (14 years 2 months)
Write/publish/edit investment and macro research and commentary.
Senior Writer
Wealth Manager magazine
January 2000 - December 2008 (9 years 1 month)
Senior Markets Writer, Bloomberg Wealth Manager, a trade magazine (formerly published by Bloomberg L.P. until 2005) for investment consultants advising wealthy individuals. My stories focused on a variety of financial and business topics for this professional group, ranging from analyzing trends in the economy and the capital markets to reviewing investment strategies, mutual funds, ETFs, hedge funds.
Investment Advisor
Senior Editor
June 1992 - January 2000 (7 years 9 months)
Senior editor, Dow Jones Investment Advisor magazine (formerly published by Dow Jones), a trade magazine for financial planners. My responsibilities included writing articles; editing stories written by freelancers; working with the art department on layouts and photography; and editorial planning for future issues. My reporting focused on the capital markets, investment strategies, economics and financial-planning industry news.

Education

Rutgers, The State University of New Jersey-New Brunswick
BA
1981 / 1983
Journalism/History
Middlesex County College
AA
1979 / 1981
Liberal Arts

Publications

Nowcasting The Business Cycle: A Practical Guide For Spotting Business Cycle Peaks
James Picerno
CreateSpace Independent Publishing Platform
04/04/2014
owcasting The Business Cycle presents a practical guide for analyzing recession risk—the primary risk factor that drives success and failure in business, finance, wealth management, and so much more. Whether you’re an individual investor watching over your retirement account; the owner of a small business; a manager running a billion-dollar pension fund; or a CEO in charge of a global corporation, a large portion of triumph and defeat is closely linked with the broad swings in the economy. The business cycle, in other words, is the mother of all known (and recurring) risk factors. Accordingly, developing a process for assessing the likelihood of this threat is critical. Everyone needs a reliable, timely warning system that’s relatively uncomplicated and transparent.
James Picerno
James Picerno
Bloomberg Press
02/17/2010
Today’s modern portfolio theory is not your father’s MPT. It has undergone many changes in the past fifty years. Indeed, a new understanding of MPT has emerged, one that has a significant impact on managing asset allocation—especially in today’s turbulent markets. Dynamic Asset Allocation interprets and integrates the developments in modern portfolio theory: from the efficient-market hypothesis and indexing of decades past to strategies for building winning portfolios today. The book is filled with practical, hands-on advice for investors, including guidance on approaching investment as a risk-management task.
The Capital Spectator
James Picerno
James Picerno
A finance/investment/economics blog. The Capital Spectator has been quoted by a range of news organizations, including The Wall Street Journal, Reuters and others. In late-2009, the Eastern Economics Journal named Picerno as one of the nation’s “top economics bloggers” and he’s regularly polled by the Kauffman Foundation for its “Quarterly Survey Of Leading Economics Bloggers.”