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April

Per Stirling Capital Outlook – April 2019

One of the core premises on which monetary policy is based is that there is a direct relationship between economic growth and inflation.  More specifically, prevailing economic theory maintains that strong economic data ultimately leads to both “full employment” and the full utilization of an economy’s productive capacity, and that both economic conditions, once they […]

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March

Per Stirling Capital Outlook – March 2019

If there is any single sentence that epitomizes how the Federal Reserve operated in the pre-Bernanke era, it is probably the reply given by then Fed Chairman Alan Greenspan during a 1987 testimony to the Senate Banking Committee.  He responded to a question by saying, “If I seem unduly clear to you, you must have […]

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January

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December

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November

Per Stirling Capital Outlook – November 2017

01 Per Stirling Capital Outlook November 2017

For the past nine years, the single most important influence on global asset prices has been the experimental and highly aggressive monetary policies employed by the world’s central banks.  It should therefore be no surprise that the planned-for reversal of those policies could be almost as significant to capital markets as was their introduction. Indeed, […]

31

July

Per Stirling Capital Outlook – July 2017

According to Greek Mythology, the road to Thebes was once blocked by a monster called the Sphinx that would not allow travelers to pass unless they could first answer the following riddle: “What animal walks in the morning on four feet, in the afternoon on two feet, and in the evening on three feet?”  Oedipus […]

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February

Per Stirling Capital Outlook – February 2016

01 Per Stirling Capital Outlook Feb 2016

It seems like, all of a sudden, television and print media are full of stories about how the “stock market” may be entering into a “bear market,” and each respective reporter references one of the two most popular benchmark indexes (the Standard and Poor’s 500 Index and the NASDAQ Composite), neither of which has yet […]

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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 […]

31

July

Per Stirling Capital Outlook – July 2015

1 - Per Stirling Capital Outlook July 2015

It has been said that, while you cannot predict what the markets are going to do, you oftentimes can predict what investors are going to do and, from our perspective, that is just the other side of the same coin.  Indeed, this premise of investor predictability has developed into alternative investment approaches that can provide […]


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