Russ Koesterich's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/835130/comments http://seekingalpha.com/article/1001111/comments?source=feed#comment-11701961 11701961 Fri, 16 Nov 2012 16:56:23 -0500 http://seekingalpha.com/article/683281/comments?source=feed#comment-7589191 7589191
To analyze our subset, we relied primarily on realized one-year USD return volatilities of the countries’ MSCI country indices as measures of risk. Countries that have a relatively stable currency relative to the dollar would show up as less risky.

Meanwhile, the United States didn’t make the list as it has relatively low volatility compared to other countries, particularly emerging markets, and even though China is an emerging market, it’s somewhat less sensitive to “risk on/risk off” than other emerging markets thanks to its stable currency.]]> Fri, 20 Jul 2012 11:11:08 -0400
To analyze our subset, we relied primarily on realized one-year USD return volatilities of the countries’ MSCI country indices as measures of risk. Countries that have a relatively stable currency relative to the dollar would show up as less risky.

Meanwhile, the United States didn’t make the list as it has relatively low volatility compared to other countries, particularly emerging markets, and even though China is an emerging market, it’s somewhat less sensitive to “risk on/risk off” than other emerging markets thanks to its stable currency.]]> http://seekingalpha.com/article/715961/comments?source=feed#comment-7334791 7334791 Thu, 12 Jul 2012 18:59:13 -0400 http://seekingalpha.com/article/636591/comments?source=feed#comment-6134521 6134521 Tue, 05 Jun 2012 14:46:08 -0400 http://seekingalpha.com/article/588641/comments?source=feed#comment-5579481 5579481 Fri, 18 May 2012 12:39:18 -0400 http://seekingalpha.com/article/575471/comments?source=feed#comment-5416931 5416931 Mon, 14 May 2012 11:39:59 -0400 http://seekingalpha.com/article/535521/comments?source=feed#comment-4940741 4940741 Mon, 30 Apr 2012 12:24:56 -0400 http://seekingalpha.com/article/515141/comments?source=feed#comment-4728881 4728881 Tue, 24 Apr 2012 12:23:55 -0400 http://seekingalpha.com/article/514861/comments?source=feed#comment-4728671 4728671 Tue, 24 Apr 2012 12:19:54 -0400 http://seekingalpha.com/article/497191/comments?source=feed#comment-4513181 4513181 Tue, 17 Apr 2012 15:05:26 -0400 http://seekingalpha.com/article/474811/comments?source=feed#comment-4261421 4261421
On the valuation side, I do think that the lower end of the investment grade space, i.e. BBB, has room for modest spread compression. In terms of sensitivity to rates, I would agree that this is a major risk and it’s why I generally prefer equities to bonds. That said, I do think that within the fixed income space, investment grade credit appears to be relatively cheaper than Treasuries or even high yield.]]> Mon, 09 Apr 2012 13:56:24 -0400
On the valuation side, I do think that the lower end of the investment grade space, i.e. BBB, has room for modest spread compression. In terms of sensitivity to rates, I would agree that this is a major risk and it’s why I generally prefer equities to bonds. That said, I do think that within the fixed income space, investment grade credit appears to be relatively cheaper than Treasuries or even high yield.]]> http://seekingalpha.com/article/474811/comments?source=feed#comment-4261411 4261411 Mon, 09 Apr 2012 13:55:55 -0400 http://seekingalpha.com/article/337621/comments?source=feed#comment-3729631 3729631 Thu, 22 Mar 2012 15:31:14 -0400 http://seekingalpha.com/article/419091/comments?source=feed#comment-3729581 3729581 Thu, 22 Mar 2012 15:30:04 -0400 http://seekingalpha.com/article/419571/comments?source=feed#comment-3729511 3729511 Thu, 22 Mar 2012 15:28:51 -0400 http://seekingalpha.com/article/428671/comments?source=feed#comment-3729371 3729371 Thu, 22 Mar 2012 15:26:43 -0400 http://seekingalpha.com/article/396451/comments?source=feed#comment-3047601 3047601 Wed, 29 Feb 2012 19:13:42 -0500 http://seekingalpha.com/article/317615/comments?source=feed#comment-2154608 2154608 Fri, 06 Jan 2012 19:41:56 -0500 http://seekingalpha.com/article/314968/comments?source=feed#comment-2139302 2139302 Fri, 30 Dec 2011 18:54:27 -0500 http://seekingalpha.com/article/305656/comments?source=feed#comment-2027751 2027751 Wed, 09 Nov 2011 12:35:43 -0500 http://seekingalpha.com/article/305126/comments?source=feed#comment-2027739 2027739 Wed, 09 Nov 2011 12:32:01 -0500 http://seekingalpha.com/article/295116/comments?source=feed#comment-1926627 1926627
Bottom line: is if you believe Europe muddles through, then this selling looks extreme.]]> Thu, 22 Sep 2011 15:59:12 -0400
Bottom line: is if you believe Europe muddles through, then this selling looks extreme.]]> http://seekingalpha.com/article/290943/comments?source=feed#comment-1877686 1877686 PMI), the Institute’s main monthly gauge of US manufacturing activity, came in at 50.6 for August, down from 50.9 for July but higher than the 48.5 expected by economists. The index for new orders, meanwhile, which is a good predictor of future GDP growth, came in at 49.6, up from 49.2 in July. The figures show that the economy is slowing, but not contracting, and contradict the notion that the US is on the verge of a 2008-style recession. What does this mean for investors? The ISM report is somewhat supportive of stocks and is the latest evidence for my overweight view of equities:

isharesblog.com/blog/2.../]]> Thu, 01 Sep 2011 17:05:37 -0400 PMI), the Institute’s main monthly gauge of US manufacturing activity, came in at 50.6 for August, down from 50.9 for July but higher than the 48.5 expected by economists. The index for new orders, meanwhile, which is a good predictor of future GDP growth, came in at 49.6, up from 49.2 in July. The figures show that the economy is slowing, but not contracting, and contradict the notion that the US is on the verge of a 2008-style recession. What does this mean for investors? The ISM report is somewhat supportive of stocks and is the latest evidence for my overweight view of equities:

isharesblog.com/blog/2.../]]> http://seekingalpha.com/article/289628/comments?source=feed#comment-1866838 1866838 Sun, 28 Aug 2011 15:31:49 -0400 http://seekingalpha.com/article/289628/comments?source=feed#comment-1866833 1866833 Sun, 28 Aug 2011 15:30:32 -0400 http://seekingalpha.com/article/285779/comments?source=feed#comment-1827185 1827185 Thu, 11 Aug 2011 17:50:13 -0400 http://seekingalpha.com/article/286522/comments?source=feed#comment-1827179 1827179 Thu, 11 Aug 2011 17:48:04 -0400 http://seekingalpha.com/article/283177/comments?source=feed#comment-1806446 1806446
Jan Tabek – You raise an excellent point. Not only does the US have a higher gross/debt to GDP than Spain, its debt/revenue ratio is worse than virtually every other developed market]]> Wed, 03 Aug 2011 18:56:09 -0400
Jan Tabek – You raise an excellent point. Not only does the US have a higher gross/debt to GDP than Spain, its debt/revenue ratio is worse than virtually every other developed market]]>