> fiscal stimulus Archives - Per Stirling

Blog

16

March

Per Stirling Capital Outlook – March 2020

There is likely no field of human endeavor where maxims and sage tidbits of wisdom are more revered and more often recited than is the case in the field of investing.  Indeed, you can point to these very reports as evidence of exactly that phenomena, as we emphasize the past wisdom and insight of others […]

Read More

26

February

Per Stirling Capital Outlook – February 2020

As renowned investor Howard Marks famously noted, “In the real world, things fluctuate between ‘pretty good’ and ‘not so hot’, but in the investing world, things go from ‘flawless’ to ‘hopeless’”.  We have just witnessed a dramatic and violent example of such a transition. Until a week ago, we were in a “heads, the bulls […]

Read More

29

January

Per Stirling Capital Outlook – January 2020

  The natural state for a capitalistic economy is expansion and, as evidenced by the fact that the domestic stock market has gained value in approximately 74% of all years, the path of least resistance for equity markets is up.  As such, it has historically been true that both the economy and equity prices normally […]

Read More

20

December

Per Stirling Capital Outlook – December 2019

Renowned value investor, Sir John Templeton, coined one of the most insightful of all investing idioms when he observed that, “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” His observation applies to a psychological process that normally takes years to unfold, as market gains over time and […]

Read More

26

November

Per Stirling Capital Outlook – November 2019

On November 13th of this year, Federal Reserve Chairman Jerome Powell stated, “I think the new normal is lower interest rates, lower inflation, probably lower growth, and you’re seeing that all over the world, not just in the United States.” This is a remarkable statement on many levels, starting with the fact that it is […]

Read More

30

October

Per Stirling Capital Outlook – October 2019

Throughout the course of human history, there have been seminal and transformative events and decisions that have, as if one flipped a switch, fundamentally changed the outlook for the global economy and the global capital markets.  Examples of this phenomena are as diverse as they are rare, and include cases such as the fall of […]

Read More

26

September

Per Stirling Capital Outlook – September 2019

The major global economies and markets remain mired in a “Catch 22” macroeconomic environment.  The term “Catch 22” first became a part of the American lexicon in 1961 thanks to the Joseph Heller novel of the same name, in which a disillusioned American bombardier fighting in World War II desperately seeks to avoid flying future […]

Read More

28

August

Per Stirling Capital Outlook – August 2019

There is an old saying in the sport of boxing that you don’t need to worry about the punches that you can see, as you can prepare for them.  Instead, it’s the punch you don’t see coming that knocks you out.  In some regards, the capital markets work in much the same way.  Markets are […]

Read More

24

July

Per Stirling Capital Outlook – July 2019

A Wall Street analyst recently referred, in a CNBC interview, to the current stock market as a “wild west market” due to his reasonable observation that investors are ignoring the world’s many risks and are “throwing caution to the wind”.  However, while we believe that he makes a valid point, we think that it is […]

Read More

25

June

Per Stirling Capital Outlook – June 2019

As anyone who has ever watched an old western movie can tell you, one could always count on the cavalry to come charging in at the last minute and “save the day”.  For much of the past thirty years, at least in the economic realm, that responsibility has fallen on the shoulders of the world’s […]

Read More

  • Latest Posts

  • Tags

    Asia bear market bond markets bonds Brexit bullish bull market China debt deflation deregulation dollar domestic economy domestic equity Donald Trump emerging markets equity markets Europe European Central Bank European Union Fed Federal Reserve fiscal stimulus Greece inflation interest rates IRS Japan monetary policy Per Stirling protectionism QE quantitative easing rate hike recession retirement Russia S&P 500 tax tax reform Trump VIX volatility Yellen yield curve

  • Categories


    • Navigation