Active investment management’s weekly magazine for fee-based advisors

How I See It
Market commentary provided by well-known technical and research analysts, financial authors, investment newsletter publishers, and economists. The opinions expressed each week represent their professional perspectives and not necessarily those of the magazine.

Understanding ‘crisis correlation risk’

It is widely accepted that a diversified portfolio is less prone to suffer large drawdowns than a portfolio that shows high concentration. But few investors realize that simple diversification among asset classes is not enough. During times of stress,...

Is it time for Emerging Markets to lead?

U.S. markets have been the world leaders for so long that it is easy to forget that there are other markets that should be considered. The U.S., Developed Countries, and Emerging Markets all peaked in 2007 at record highs. All then suffered through...

Coppock curve for DJIA reaching high level

Years ago, a technical analyst and money manager named E.S.C. (Sedge) Coppock created an indicator that has since come to be known as the “Coppock curve.” Coppock never called it that himself, instead calling it his Very Long Term (VLT) Momentum Index....

The Phillips curve is ‘not even wrong’

To paraphrase theoretical physicist Wolfgang Pauli, the whole idea behind the Phillips curve is “not even wrong.” Economist A.W.H. Phillips studied the relationship between inflation and unemployment in the United Kingdom and noticed that they were...