Fed follows through with end to Quantitative Easing
November, 2014 PCM Quant Coalescence
Equity indexes experienced a rollercoaster ride in October. The major equity indexes experienced a long awaited and close to 10 percent sell off, only to experience a "v shaped" recovery of all of the losses within another 12 trading days. This "v shaped" market recovery, the most dramatic in such a short time period since 1901, was fueled by St. Louis Fed's President James Bullard's comments on October 16th that the Federal Reserve should consider delaying the ending of Quantitative Easing. This sent the markets a signal that the Fed is planning to jump right back in at the first sign of any (v.... Read More..
Modern Asset Allocation: Riskier Than You Think
Written by R.Todd Wood, MBA
How one defines "conservative" is an important question. Conservative investing has different meanings to different constituencies, and perhaps has even been over simplified due to the pigeon-holing effect of investor risk categories.For many investors, being conservative means they can't afford to take risks that would potentially reduce or eat into principal; however, standard asset allocation models are static and typically heavily weight bonds for conservative investors. While this methodology has worked well in low inflationary markets, risk of a decade of bull markets in bonds mean.... Read More...
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