CLS Blog

Bitcoin: What Is It Good For?

November 17, 2017

Content provided by Mark Matthews, Investment Research Analyst A Commodity? An Equity? Bitcoin continues to reach new highs, closing at $7,058 per share on November 2, 2017. But for many investors, bitcoin remains somewhat of a mystery. So, what is this highly popular digital currency, and why is it continuing on such a tear? Bitcoin…

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ETF Expense Ratios: More Than Meets the Eye

November 16, 2017

Content provided by Grant Engelbart, CFA, CAIA, Portfolio Manager We’ve all got our pet peeves and soap boxes. For most people they have to do with human behavior. But for me, my biggest pet peeve is the constant attention to ETF expense ratios! The fee war has gotten out of control. I’m actually surprised there…

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Five Reasons to Keep Expectations Low for Market Returns

November 6, 2017

Content provided by Kostya Etus, CFA, Portfolio Manager “The light that burns twice as bright burns half as long, and you have burned so very, very brightly, Roy.” – Eldon Tyrell, Blade Runner (1982) As regular readers of the CLS blog may know, I love watching movies. But, I am often disappointed with great movies…

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The Rise (and Fall?) of Bitcoin

November 2, 2017

Content provided by Marc Pfeffer, Senior Portfolio Manager During the technology craze and eventual bust in the late 1990s, investors — myself included — didn’t know what they were buying; they just knew the stock symbols. It was irrelevant whether the companies made money or not, or what the price-to-earnings ratios were. It was a…

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Having Regret Doesn’t Pay!

October 26, 2017

Content provided by Paula Wieck, CFA, Portfolio Manager In early October, it was announced that Richard Thaler, renowned economist and theorist in behavioral finance, was awarded 2017’s Nobel Prize in Economic Sciences. Thaler, amongst other behavioral economists, such as Daniel Kahneman and Amos Tversky, have made tremendous contributions to this field of science, which has…

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Think Big by Going Small

October 18, 2017

Content provided by Joe Smith, CFA, Senior Market Strategist Small-cap stocks have long offered investors opportunities to capture sizable gains either through index exposure or active management. The long-term excess return premium to small-caps has been well documented and exploited by investors for decades. This year, small-caps have generally lagged relative to the rest of…

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The Biggest Risk in the Markets

October 12, 2017

Content provided by Rusty Vanneman, CFA, CMT, Chief Investment Officer At a recent panel, an advisor asked our portfolio managers what they believed to be the biggest risk in the markets today. As usual, I was proud of every response from our portfolio managers on the panel. We sounded smart, disciplined, and experienced. We should…

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How Have I Changed?

September 29, 2017
Rusty Vanneman

Content provided by Rusty Vanneman, CFA, CMT, Chief Investment Officer I’m often asked by investors, now that I have 30 years in the industry under my belt, how I have changed as an investment professional over the years. It’s a good question and, frankly, it should be asked of every investment manager and advisor. The…

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Market Performance Around Crisis Events

September 27, 2017

Content provided by  Kostya Etus, CFA, Portfolio Manager Mr. Market may give a nod to a geopolitical crisis but is really more concerned with economic strength and corporate profitability. While a crisis may weigh on the economy, it is typically not the case. There have been a lot of headlines recently about North Korea, Venezuela,…

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The Arranger

September 22, 2017

Content provided by Robyn Murray, Freelance Writer It takes a lot to get Patty Colombe down. Naturally sunny and cheerful, Colombe believes in staying positive in the face of adversity. But, she’s had her share of trials. Over the last few years, Colombe lost her mother and nearly lost her grandson in a car accident….

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