What next for the risk rally?

Risk appetite has rebounded in 2019. Equities and other risk assets have performed well, just as various gauges show improving sentiment across markets. We remain modestly and...

All eyes on the NIPA profit margins

Earnings are a key driver of equity returns. That’s why we care about profit margins, which we expect to fall this year. But not all profit margin data...

The “calm premium”

While the equity rally seems to have at least temporarily stalled, stocks remain near three-month highs. The rebound in equity prices has been driven by a sharp...

Future present: 3 ways to make retirement planning real now

Fifty years ago, Neil Armstrong radioed Mission Control with the phrase that made history: “the Eagle has landed.” Apollo 11, which put the first two humans on...

What a late-cycle slowdown means for profit margins

We believe global economic activity should slow this year to a level closer to potential growth rates. What does this mean for corporate profits and margins, especially...

Reasons for caution toward small caps

Global small cap stocks have had a strong 2019 so far, outperforming large caps by more than three percentage points. This is not a rally worth chasing,...

Factor cyclicality: Buckle up; it could be quite a ride!

The performance variability of U.S. equity factor-driven funds can be a roller-coaster ride for investors.

In a shifting advice landscape, put your clients first

The automation of advice is disrupting traditional advice models, learn how advisors can better succeed in a changing advice landscape.

Still a long and bumpy road to travel on the way to a U.S.-China...

Vanguard’s Qian Wang says the chance of a trade war between China and the U.S. has increased but there is still hope for a deal

Find your niche and become a specialized market leader

Vanguard RIA Head Michael Lovett explains how focusing on a specific type of client can set you apart from your competition.

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