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September

Per Stirling Capital Outlook – September 2016

01 September 2016 Per Stirling Capital Outlook

As David Rosenberg, Chief Economist for Gluskin Sheff, recently observed, “summer vacation is over.” Summer is known for being a quiescent period in the markets, when trading volumes are very low and Wall Street’s primary decision-makers are off vacationing in the Hamptons. This summer was even calmer than usual. As evidence, the Standard & Poor’s […]

25

May

Per Stirling Capital Outlook – May 2016

01 Per Stirling Capital Outlook - May 2016

1930s actress Mae West famously said that “too much of a good thing can be wonderful!” Increasingly, the capital markets are starting to disagree with that perspective, as we seem to be transitioning from a “bad news is good news” market, where weak economic news and geopolitical risk was treated as bullish, because it kept […]

21

March

Per Stirling Capital Outlook – March 2016

01 Per Stirling Capital Outlook - March 2016

On March 9th of this year, both the global economy and the domestic capital markets reached important milestones. For the global economy, it was the seventh anniversary of the absolute depths of the global financial crisis. For the domestic equity markets, it was the start of what has thus far proven to be the third-longest-running […]

19

January

Per Stirling Capital Outlook – January 2016

1 - Per Stirling Capital Outlook Jan 2016

Renowned investor Sir John Templeton famously noted that “The four most dangerous words in investing are ‘This time it’s different.’” However, with all deference to Sir John, and in light of recent market history, he clearly should have prefaced his comment with the term “all other things being equal”, as market dynamics in early 2016 […]

27

November

Per Stirling Capital Outlook – November 2015

01 Per Stirling Capital Outlook - November 2015

  In December, we are likely to witness an extraordinarily unusual scenario of a major economic power (the United States) not only raising rates for the first time in over nine years, but also tightening monetary policy at a time when virtually all of the remaining industrialized world is moving their monetary policy in the […]

05

May

Per Stirling Capital Outlook – April 2015

Per Stirling Capital Outlook - April 2015 #1

Both economics and capital markets analysis are, at their core, based upon the study of history.  Everything that analysts, economists, strategists and investors know, or think that they know, is based upon the premise that the past offers some insight into the future, and that it is reasonable to expect for both markets and economies […]

01

April

Per Stirling Capital Outlook – March 2015

Ancient Greek playwright Sophocles wrote: “No one loves the messenger who brings bad news.”  To wit, Sophocles would have had great difficulty explaining the domestic stock market over the past six years as, ever since the Fed expanded its initial quantitative easing (QE) program in March of 2009, investors have not only disavowed this seemingly […]


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