@nirkaissar.bsky.social
There is nothing unusual about the current level of US interest rates or their recent movement.
If anything, this is a yawningly normal interest rate environment.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
If anything, this is a yawningly normal interest rate environment.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
If Anything, Bond Markets Are Returning to Normal
There’s nothing unusual about the rise in Treasury yields. Recent bond market hysteria ignores the facts.
www.bloomberg.com
May 29, 2025 at 1:57 PM
There is nothing unusual about the current level of US interest rates or their recent movement.
If anything, this is a yawningly normal interest rate environment.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
If anything, this is a yawningly normal interest rate environment.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
Institutional investors are looking to sell illiquid private assets.
Meanwhile, fund companies are looking for new ways to justify high fees.
The solution? Sell private asset funds to unsuspecting individual investors.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
Meanwhile, fund companies are looking for new ways to justify high fees.
The solution? Sell private asset funds to unsuspecting individual investors.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
Guess Where Harvard’s Private Equity Will Likely End Up
Financial advisers and retail investors are late to the PE party, but they're an attractive target all the same.
www.bloomberg.com
May 19, 2025 at 4:32 PM
Institutional investors are looking to sell illiquid private assets.
Meanwhile, fund companies are looking for new ways to justify high fees.
The solution? Sell private asset funds to unsuspecting individual investors.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
Meanwhile, fund companies are looking for new ways to justify high fees.
The solution? Sell private asset funds to unsuspecting individual investors.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
The VIX is misunderstood.
It forecasts the degree of S&P 500 price changes, not directionality.
When it spiked after Trump's tariff announcement, it signaled big gains or losses are likely to follow, and big gains are what we got.
@opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
It forecasts the degree of S&P 500 price changes, not directionality.
When it spiked after Trump's tariff announcement, it signaled big gains or losses are likely to follow, and big gains are what we got.
@opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
May 6, 2025 at 2:55 PM
The VIX is misunderstood.
It forecasts the degree of S&P 500 price changes, not directionality.
When it spiked after Trump's tariff announcement, it signaled big gains or losses are likely to follow, and big gains are what we got.
@opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
It forecasts the degree of S&P 500 price changes, not directionality.
When it spiked after Trump's tariff announcement, it signaled big gains or losses are likely to follow, and big gains are what we got.
@opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
My tribute to Warren Buffett, the philosopher king of investing.
🐐
www.bloomberg.com/opinion/arti... via @opinion.bloomberg.com
🐐
www.bloomberg.com/opinion/arti... via @opinion.bloomberg.com
Warren Buffett, Investing’s Philosopher King
The Oracle of Omaha plans to step down at Berkshire Hathaway. But his legacy will echo across markets for generations.
www.bloomberg.com
May 4, 2025 at 12:02 PM
My tribute to Warren Buffett, the philosopher king of investing.
🐐
www.bloomberg.com/opinion/arti... via @opinion.bloomberg.com
🐐
www.bloomberg.com/opinion/arti... via @opinion.bloomberg.com
The measure of a professional stock picker used to be whether they can beat the market.
Now they must also beat indexes that mimic their style of stock picking and are probably tracked by a low-cost ETF.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
Now they must also beat indexes that mimic their style of stock picking and are probably tracked by a low-cost ETF.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
April 28, 2025 at 5:42 PM
The measure of a professional stock picker used to be whether they can beat the market.
Now they must also beat indexes that mimic their style of stock picking and are probably tracked by a low-cost ETF.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
Now they must also beat indexes that mimic their style of stock picking and are probably tracked by a low-cost ETF.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
The best protection in a bumpy market is to know your drawdown tolerance: How much pain can you stomach?
Diversified portfolios can dip lower than people expect before they recover.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
.
Diversified portfolios can dip lower than people expect before they recover.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
.
April 16, 2025 at 2:35 PM
The best protection in a bumpy market is to know your drawdown tolerance: How much pain can you stomach?
Diversified portfolios can dip lower than people expect before they recover.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
.
Diversified portfolios can dip lower than people expect before they recover.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
.
Markets are signaling a slowdown and possible recession, not a crisis.
If they're right, history suggests that the worst of the stock market selloff may already be behind us.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
If they're right, history suggests that the worst of the stock market selloff may already be behind us.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
April 8, 2025 at 1:04 PM
Markets are signaling a slowdown and possible recession, not a crisis.
If they're right, history suggests that the worst of the stock market selloff may already be behind us.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
If they're right, history suggests that the worst of the stock market selloff may already be behind us.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
The recent US stock market correction was more about Big Tech's future than trade policy.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
March 21, 2025 at 12:47 PM
The recent US stock market correction was more about Big Tech's future than trade policy.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
Wowsers, this US growth stock reversal is moving fast.
Here's forward P/E for Russell 1000 Growth/Value back to 1995.
Was 2 SD high less than a month ago. Now nearing average.
Here's forward P/E for Russell 1000 Growth/Value back to 1995.
Was 2 SD high less than a month ago. Now nearing average.
March 7, 2025 at 5:13 PM
Wowsers, this US growth stock reversal is moving fast.
Here's forward P/E for Russell 1000 Growth/Value back to 1995.
Was 2 SD high less than a month ago. Now nearing average.
Here's forward P/E for Russell 1000 Growth/Value back to 1995.
Was 2 SD high less than a month ago. Now nearing average.
Reposted
📊 Markets
… don’t typically don’t care about presidents, but Trump seems intent on being the exception, says @nirkaissar.bsky.social, with sweeping policies around spending, taxes and tariffs:
… don’t typically don’t care about presidents, but Trump seems intent on being the exception, says @nirkaissar.bsky.social, with sweeping policies around spending, taxes and tariffs:
March 4, 2025 at 11:02 AM
📊 Markets
… don’t typically don’t care about presidents, but Trump seems intent on being the exception, says @nirkaissar.bsky.social, with sweeping policies around spending, taxes and tariffs:
… don’t typically don’t care about presidents, but Trump seems intent on being the exception, says @nirkaissar.bsky.social, with sweeping policies around spending, taxes and tariffs:
Spending cuts, or even the threat of them, could slow the economy and force the Fed to lower rates as Trump wants.
Fiscal stimulus has supported monetary tightening since the pandemic. Now it may be the other way around.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
Fiscal stimulus has supported monetary tightening since the pandemic. Now it may be the other way around.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
February 28, 2025 at 3:18 PM
Spending cuts, or even the threat of them, could slow the economy and force the Fed to lower rates as Trump wants.
Fiscal stimulus has supported monetary tightening since the pandemic. Now it may be the other way around.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
Fiscal stimulus has supported monetary tightening since the pandemic. Now it may be the other way around.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
While everyone is watching the Mag 7, S&P and Moody's are building businesses that are just as sturdy and profitable as most of the tech giants.
And they're doing it with a major lift from the Mag 7.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
And they're doing it with a major lift from the Mag 7.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
February 19, 2025 at 3:47 PM
While everyone is watching the Mag 7, S&P and Moody's are building businesses that are just as sturdy and profitable as most of the tech giants.
And they're doing it with a major lift from the Mag 7.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
And they're doing it with a major lift from the Mag 7.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
My latest @opinion.bloomberg.com: Don't look to S&P500 for the impact of tariffs.
It's dominated by companies that aren't in the path of tariffs or have the pricing power to pass on higher costs to consumers.
An unfazed S&P500 doesn't mean tariffs aren't biting.
www.bloomberg.com/opinion/arti...
It's dominated by companies that aren't in the path of tariffs or have the pricing power to pass on higher costs to consumers.
An unfazed S&P500 doesn't mean tariffs aren't biting.
www.bloomberg.com/opinion/arti...
February 10, 2025 at 3:08 PM
My latest @opinion.bloomberg.com: Don't look to S&P500 for the impact of tariffs.
It's dominated by companies that aren't in the path of tariffs or have the pricing power to pass on higher costs to consumers.
An unfazed S&P500 doesn't mean tariffs aren't biting.
www.bloomberg.com/opinion/arti...
It's dominated by companies that aren't in the path of tariffs or have the pricing power to pass on higher costs to consumers.
An unfazed S&P500 doesn't mean tariffs aren't biting.
www.bloomberg.com/opinion/arti...
Reposted
"There's concern rising Treasury yields are an ominous sign for stocks, especially after the 10-year eclipsed the S&P 500's earnings yield. That's the wrong place to look for an investing signal," says @nirkaissar.bsky.social www.bloomberg.com/opinion/arti... @opinion.bloomberg.com
Who’s Afraid of Rising Treasury Yields? Not Stocks
Investors should pay more attention to valuations and less to interest rates.
www.bloomberg.com
January 10, 2025 at 2:47 PM
"There's concern rising Treasury yields are an ominous sign for stocks, especially after the 10-year eclipsed the S&P 500's earnings yield. That's the wrong place to look for an investing signal," says @nirkaissar.bsky.social www.bloomberg.com/opinion/arti... @opinion.bloomberg.com
Stock investors should pay more attention to earnings yields and less to interest rates.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
January 10, 2025 at 1:25 PM
Stock investors should pay more attention to earnings yields and less to interest rates.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
Get ready for new AI-driven investment products with big promises and high fees.
It'll be a boon for Wall Street. Not so much for investors.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
It'll be a boon for Wall Street. Not so much for investors.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
The New AI Stock Pickers Are Destined to Disappoint
Bots may invent better ways to beat the market, but they won’t necessarily benefit investors.
www.bloomberg.com
December 18, 2024 at 4:23 PM
Get ready for new AI-driven investment products with big promises and high fees.
It'll be a boon for Wall Street. Not so much for investors.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
It'll be a boon for Wall Street. Not so much for investors.
My latest @opinion.bloomberg.com.
www.bloomberg.com/opinion/arti...
My ode to buybacks @opinion.bloomberg.com.
Stock investing would be poorer without them.
www.bloomberg.com/opinion/arti...
Stock investing would be poorer without them.
www.bloomberg.com/opinion/arti...
December 10, 2024 at 4:41 PM
My ode to buybacks @opinion.bloomberg.com.
Stock investing would be poorer without them.
www.bloomberg.com/opinion/arti...
Stock investing would be poorer without them.
www.bloomberg.com/opinion/arti...
If higher inflation follows deficits or tariffs, companies shouldn't assume consumers will pick up the tab, as McDonald's has discovered.
My latest @opinion.bsky.social.
www.bloomberg.com/opinion/arti...
My latest @opinion.bsky.social.
www.bloomberg.com/opinion/arti...
December 2, 2024 at 5:31 PM
If higher inflation follows deficits or tariffs, companies shouldn't assume consumers will pick up the tab, as McDonald's has discovered.
My latest @opinion.bsky.social.
www.bloomberg.com/opinion/arti...
My latest @opinion.bsky.social.
www.bloomberg.com/opinion/arti...
Berkshire Hathaway's cash allocation is a window into what Warren Buffett thinks about future US stock returns.
And the current allocation suggests he's bracing for a slowdown.
My latest @opinion.bsky.social.
www.bloomberg.com/opinion/arti...
And the current allocation suggests he's bracing for a slowdown.
My latest @opinion.bsky.social.
www.bloomberg.com/opinion/arti...
November 21, 2024 at 2:59 PM
Berkshire Hathaway's cash allocation is a window into what Warren Buffett thinks about future US stock returns.
And the current allocation suggests he's bracing for a slowdown.
My latest @opinion.bsky.social.
www.bloomberg.com/opinion/arti...
And the current allocation suggests he's bracing for a slowdown.
My latest @opinion.bsky.social.
www.bloomberg.com/opinion/arti...