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November

27

August

31

May

16

April

Per Stirling Capital Outlook – April 2018

01 Per Stirling Capital Outlook - April 2018

In many regards, the words President and Trump, when put together, become an oxymoron of sorts, because he rarely conforms to the common perception of what we, as Americans, consider to be “presidential”.  However, the fact that President Trump is bombastic and unorthodox should hardly be a surprise.  Those are probably the very personality traits […]

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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, […]

29

September

Per Stirling Capital Outlook – September 2017

01 Per Stirling Capital Outlook - September 2017

There are certain basic rules and inter-market relationships that every first-year economics student is taught as a matter of fact.  As an example, a slowing economy should lead to lower inflation, which is bullish for bonds, and to slowing earnings, which is bearish for stocks.  Or, that a stronger currency increases consumer purchasing power, which […]

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 […]

30

June

Per Stirling Capital Outlook – June 2017

01 Per Stirling Capital Outlook June 2017

Imagine a family relaxing in a swimming pool, with every family member using a flotation device to remain on the surface of the water. It doesn’t matter who is stronger or who is a better swimmer because everyone is being kept afloat by an external force. If the amount of water in the pool is […]

26

December

Per Stirling Capital Outlook – December 2016

01 Per Stirling Capital Outlook - December 2017

In his 1936 book entitled The General Theory of Employment, Interest and Money, economics pioneer John Maynard Keynes introduced the concept of “animal spirits” into the analysis of how the owners and managers of companies make business decisions and how investors make investment decisions. His premise was that strong company and/or macroeconomic fundamentals (earnings, interest […]

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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 […]


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