Commentary

Does the Inflation Risk Premium Decline Signal Lower Commodity Prices?

There are many ways to decompose the bond market to identify the component pieces to infer what the market is pricing in.

Commentary

Mid-Quarter Update: Spheres of Innovation

We believe highly innovative companies, when accounted for properly, are cheaper than their non-innovative peers in all regions of the world.

Commentary

Left Hand Not Talking to Right Hand: Quantitative Tightening & Federal Government Spending

The Federal Reserve has been raising rates at an extremely aggressive manner in 2022, taking the federal funds rate from 25bps to 4%.

Commentary

Knowledge Leaders US Mid-Large Innovation Analysis

In recent reports, we’ve been highlighting that innovation—as a factor represented by R&D as % of sales—has stopped underperforming and it is selling for an attractive valuation.

Commentary

S&P 500 Innovation Leaders vs. Followers

While many perceive the S&P 500 Index to be a broad innovation-heavy index, in a way it is and in a way it isn’t.

Commentary

Has Innovation Bottomed, Part 2: S&P 500 R&D/Sales 1st Quintile Analysis

A couple of weeks ago, in our quarterly strategy report, I argued that it appeared that innovation had bottomed.

Digging in a little deeper, we sifted through this first quintile of the S&P 500 for other insights. 

Commentary

Has Innovation Bottomed, Part 2: S&P 500 R&D/Sales 1st Quintile Analysis

A couple weeks ago, in our quarterly strategy report (see: QSR-Has Innovation Bottomed?), I argued that it appeared that innovation had bottomed.

Commentary

Spotlight Masimo: Sensing Better Health Outcomes

Irvine, California-based Masimo makes non-invasive patient monitoring, measuring and sensing technologies that improve patient care in the hospital, the home, and on the go.

Commentary

Is There a Common Denominator Between Australia & the US?

Last night, the Reserve Bank of Australia stopped short of another 50bps hike to its overnight cash rate.

Commentary

Quarterly Strategy Report: Has Innovation Bottomed?

It appears to us that global innovation has bottomed and offers attractive value.

Commentary

Has Innovation Bottomed? Is It Cheap Yet?

Innovation was the market darling thematic for many years leading up to COVID.

Commentary

Four Technical Patterns in the Tech Sector

Using our proprietary point-and-figure-based charting system, I review a couple thousand charts per week in an attempt to identify interesting buy or sale candidates.

Commentary

Spotlight Shopify: Funding a New Generation of Merchants

Shopify is a leader in commerce solutions that allow merchants to set up online stores and sell their products.

Commentary

Options Based Hedging is at Record Levels

Last week, the combined dollar value of hedge positions on the S&P 500, NASDAQ 100 and Dow Jones Industrial indexes was $121.43 billion, not far from the August 16 peak of $160.02 billion.

Commentary

Is It Still June? Positioning is Still Quite Supportive of Equities

The most significant element going into the June low was positioning.