Market Ethos - November 20th, 2017

Published by Richardson GMP Asset Management on Nov 20, 2017

Market Cycle: Let the good times roll   This week we provided an update on our Market Cycle framework. With 26 of the 30 indicators bullish, we have not seen this many in the green in a long time. US & Global economic data is strong, fundamentals are...... Continue reading

Market Ethos - November 13th, 2017

Published by Richardson GMP Asset Management on Nov 13, 2017

Avoiding Behavioral Pitfalls   In this edition, we highlight historical evidence that indicates how our own behaviors often hurt our long term investment success. We specifically delve into Confirmation Bias and Loss Aversion, discussing how it impacts...... Continue reading

Market Ethos - November 6th, 2017

Published by Richardson GMP Asset Management on Nov 06, 2017

CFOs Loosening Purse Strings   After a long hiatus during which excess cash flow was largely returned to shareholders via share buybacks and dividend increases, it would appear corporations are starting to spend again. This is a welcome change and should...... Continue reading

Market Ethos - October 31st, 2017

Published by Richardson GMP Asset Management on Oct 30, 2017

Active vs. Passive: When, Where and Why to be Which   If the 1990s were the age of the mutual fund, this has got to be the age of the ETF, given fund flows and rising popularity. However, since some funds are more active than others - defining active...... Continue reading

Market Ethos - October 23rd, 2017

Published by Richardson GMP Asset Management on Oct 23, 2017

When is a sell really a buy   While it may feel better to invest in a company that has 8 analyst buy ratings relative to a company that has 2 buys, 5 holds and a sell, but you may be suffering from a behavioral bias. There is less regret by investing...... Continue reading

Market Ethos - October 16th, 2017

Published by Richardson GMP Asset Management on Oct 16, 2017

The Sweet Spot   Impressively, the markets have been marching to new highs of late despite a backdrop of rising geopolitical risks. We believe this is because the market and economy has entered a bit of a sweet spot, with rising global economic activity...... Continue reading

Market Ethos - October 10th, 2017

Published by Richardson GMP Asset Management on Oct 10, 2017

Financial Gravity   Richard Thaler won the latest Nobel prize in economics for his work that is focused on behavioral economics. Years ago in 1985 he also co-penned a white paper posing the question ‘Does the Stock Market Overreact?’ and found that the...... Continue reading

Market Ethos - October 2nd, 2017

Published by Richardson GMP Asset Management on Oct 02, 2017

Core Income Refresh – Part 4 – Consumer Sectors and Health Care   This is the fourth and final edition of the Core Income Refresh series. This week, we shift our focus to the Consumer Staples, Discretionary and Health Care sectors. The headlines have...... Continue reading

Market Ethos - September 25th, 2017

Published by Richardson GMP Asset Management on Sep 26, 2017

Core Income Refresh – Part 3 – Industrials & Technology   A number of times during the year we break from our traditional approach of portfolio management and conduct what we call a “refresh”. Each member of the analytical team conducts independent research...... Continue reading

Market Ethos - September 18th, 2017

Published by Richardson GMP Asset Management on Sep 18, 2017

Core Income Refresh - Part 2 Commodities   A number of times during the year we break from our traditional approach of portfolio management and conduct what we call a “refresh”. Each member of the analytical team conducts independent research into sector...... Continue reading