Research

Here you will find research papers authored or co-authored by members of Stone Investment Partners LLC along with other papers we find enlightening or interesting. Topics will generally focus investments, portfolio construction, financial planning and economics, but may wander into other topics.

 

Research from Stone Investment Partners

October 19, 2020

If I Had A Million Dollars - Week of October 19, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead. Despite concerns that COVID flair-ups could weigh on consumer spending, evidence suggests that other people must be listening to my favorite live band sing: “if I had a million dollars, I’d buy you furniture for your house.” Retail sales are 4% above the level prior to lockdowns, but peering under the surface reflects the clear impact of the pandemic.

October 19, 2020

Updated U.S. Reopening Monitor - October 19, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

October 12, 2020

Where Have All the Good Times Gone! - Week of October 12, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead. Each week the report also has a Chart of the Week meant to illustrate an important market insight. Between the impact of the pandemic and the passing of Eddie Van Halen, it seems appropriate to title our 3Q earnings preview as “where have all the good times gone.” While overall 3Q earnings estimates look bleak if looked at in isolation, there are some reasons for optimism.

October 12, 2020

Updated U.S. Reopening Monitor - October 12, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

October 05, 2020

My Cross Road Blues - Week of October 5, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead. Each week the report also has a Chart of the Week meant to illustrate an important market insight. Just as Robert Johnson sang “standin’ at the crossroad, baby, risin’ sun goin’ down,” the U.S. reopening and economic data are now similarly standing at a crossroad after the sharp rebound for most of 3Q. 4Q growth becomes more difficult to judge but the pace of growth is certain to slow.

October 05, 2020

Updated U.S. Reopening Monitor - October 5, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

September 28, 2020

Stone's Weekly Market Guide - Week of September 28, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead. Each week the report also has a Chart of the Week meant to illustrate an important market insight. Shakespeare wrote about Hermia “though she be but little, she is fierce”, but he could just as easily be referring to small-cap stocks now. While the absolute long-term performance of small-caps is higher, the price volatility is significantly greater.

September 28, 2020

Updated U.S. Reopening Monitor - September 28, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

September 21, 2020

Stone's Weekly Market Guide - Week of September 21, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. Our analysis looked at the recent rotation within the market starting in early September, including the outperformance of small-cap, high dividend and value strategies.

September 21, 2020

Updated U.S. Reopening Monitor - September 21, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

September 14, 2020

Stone's Weekly Market Guide - Week of September 14, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. Our analysis looked at the recent outperformance of dividend strategies during the tech selloff and prospects for future of these strategies.

September 14, 2020

Updated U.S. Reopening Monitor - September 14, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

September 08, 2020

Stone's Weekly Market Guide - Week of September 8, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we looked at the sharp selloff in the technology sector and the possible rotation into value happening under the surface.

September 07, 2020

Updated U.S. Reopening Monitor - September 7, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

August 31, 2020

Stone's Weekly Market Guide - Week of August 31, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we looked at the implications of Federal Reserve Chair Powell's significant shift in monetary policy strategy last week and the reaction to the changes in the markets.

August 31, 2020

Updated U.S. Reopening Monitor - August 31, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

August 24, 2020

Stone's Weekly Market Guide - Week of August 24, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we looked at the implications of unprecedented occurrences associated with the pandemic with the S&P 500 reaching a new high in the shortest time following a -30% decline.

August 24, 2020

Updated U.S. Reopening Monitor - August 24, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

August 17, 2020

Stone's Weekly Market Guide - Week of August 17, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we looked at banks within the S&P 500 which have recently begun to outperform the S&P 500 with the relative performance bottoming on August 6th.

August 17, 2020

Updated U.S. Reopening Monitor - August 17, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

August 10, 2020

Stone's Weekly Market Guide - Week of August 10, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we looked at Berkshire Hathaway's (BRK/A, BRK/B) quarterly earnings which were released Saturday because Berkshire can 1) provide a broad look at the economic impacts of the COVID-19 lockdown due to its many operating businesses and; 2) is managed by two of the greatest investors of all time.

August 10, 2020

Updated U.S. Reopening Monitor - August 10, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

August 03, 2020

Stone's Weekly Market Guide - Week of August 3, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we looked at the divergence between growth versus value and large capitalization versus smaller through the lens of the tech bubble in the late-1990s. 

August 03, 2020

Updated U.S. Reopening Monitor - August 3, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

July 27, 2020

Stone's Weekly Market Guide - Week of July 27, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we looked at various valuations for international stocks relative to the U.S.

July 27, 2020

Updated U.S. Reopening Monitor - July 27, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

July 20, 2020

Stone's Weekly Market Guide - Week of July 20, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we looked at small-cap stocks and the reasons for the recent large outperformance of the Russell 2000 versus the S&P 600.

July 20, 2020

Updated U.S. Reopening Monitor - July 20, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

July 13, 2020

Stone's Weekly Market Guide - Week of July 13, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we looked at the large outperformance of growth since the recent market peak and valuation of growth versus value .

July 13, 2020

Updated U.S. Reopening Monitor - July 13, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

July 06, 2020

Stone's Weekly Market Guide - Week of July 6, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we looked at the financial market performance for the first half of 2020 and highlighted some interesting divergences.

July 06, 2020

Updated U.S. Reopening Monitor - July 6, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

June 29, 2020

Stone's Weekly Market Guide - Week of June 29, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we looked at the Federal Reserve’s bank stress tests released last week and the implications for the sector.

June 29, 2020

Updated U.S. Reopening Monitor - June 29, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

June 22, 2020

Stone's Weekly Market Guide - Week of June 22, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we looked at the implications of the annual reconstitution of the U.S. Russell indexes scheduled for Friday.

June 22, 2020

Updated U.S. Reopening Monitor - June 22, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

June 15, 2020

Stone's Weekly Market Guide - Week of June 15, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we looked at the growth versus value question after an epic performance from growth since the global financial crisis.

June 15, 2020

Updated U.S. Reopening Monitor - June 15, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

June 08, 2020

Stone's Weekly Market Guide - Week of June 8, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we charted a balance sheet for the U.S. Reopening Monitor after the positive May jobs numbers last week.

June 08, 2020

Updated U.S. Reopening Monitor - June 8, 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This is the weekly update of the data and monitor.

June 01, 2020

Stone's Weekly Market Guide - Week of June 1, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we review the U.S. Reopening Monitor, which provides a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts.

June 01, 2020

Guide to the U.S. Reopening Monitor - June 2020

The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This guide will provide the details behind each of the indicators within the groups.

May 26, 2020

Stone's Weekly Market Guide - Week of May 25, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we took a deep dive into the dividend yield of the S&P 500 bank sector with a look at future expectations.

May 18, 2020

Stone's Weekly Market Guide - Week of May 18, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we took a deeper look at two of the historically more defensive high yielding sectors.

May 11, 2020

Stone's Weekly Market Guide - Week of May 11, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at the underperformance of dividend strategies despite lower bond yields.

May 04, 2020

Stone's Weekly Market Guide - Week of May 4, 2020

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we provide a short snippet from our Berkshire Hathaway Annual Meeting report with a link to the full summary.

May 03, 2020

Report from the Bershire Hathaway Annual Meeting - 2020

Unfortunately, due to the pandemic my long-standing annual pilgrimage to Omaha for the Berkshire Hathaway Annual Meeting on May 2, 2020 was cancelled. It was replaced with a Warren Buffett and Greg Abel question and answer livestream lasting almost five hours. Sadly, Charlie Munger was absent but said to be in good health and utilizing Zoom extensively for meetings.

September 10, 2018

Stone's Weekly Market Guide - Week of September 9, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at the 10th anniversary of Lehman Brothers' collapse and some lessons learned from the crisis.

September 03, 2018

Stone's Weekly Market Guide - Week of September 2, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at the financial stresses in some emerging market economies and the implications.

August 26, 2018

Stone's Weekly Market Guide - Week of August 26, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at the S&P 500 returns around the impeachment proceedings for Presidents Nixon and Clinton.

August 19, 2018

Stone's Weekly Market Guide - Week of August 19, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at the efficacy of the global monthly PMI reports as an indicator of economic growth.

August 12, 2018

Stone's Weekly Market Guide - Week of August 12, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at the causes of the financial crisis in Turkey and implications for contagion.

August 05, 2018

Stone's Weekly Market Guide - Week of August 5, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at the implications of the changes in policy last week by the Bank of Japan.

July 29, 2018

Stone's Weekly Market Guide - Week of July 29, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at the implications of the U.S./China trade war on stocks in Japan, Germany and the emerging markets.

July 21, 2018

Stone's Weekly Market Guide - Week of July 22, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at stocks and the economy using a new yield curve measure highlighted by the Federal Reserve.

July 16, 2018

Stone's Weekly Market Guide - Week of July 15, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at stocks in China and the emerging markets in the wake of the current trade disputes.

July 09, 2018

Stone's Weekly Market Guide - Week of July 8, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at the details of the U.S. jobs report last week and the implications for Fed policy.

July 01, 2018

Stone's Weekly Market Guide - Week of July 1, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at recent U.S. inflation readings and the implications for policy and financial markets.

June 25, 2018

Stone's Weekly Market Guide - Week of June 24, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at the whether commodities add value to a diversified stock and bond portfolio.

June 17, 2018

Stone's Weekly Market Guide - Week of June 17, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at the implication of the flattening yield curve on stocks.

June 11, 2018

Stone's Weekly Market Guide - Week of June 10, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at REITs and discuss the improvement in valuation and performance relative to rising yields.

June 04, 2018

Stone's Weekly Market Guide - Week of June 3, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at value investing by discussing the difference between the traditional value index and value factor or smart beta investing..

May 29, 2018

Stone's Weekly Market Guide - Week of May 27, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at the current market stress in Italy caused by the rising tide of euroskepticism via the yield on their 10-year bonds.

May 21, 2018

Stone's Weekly Market Guide - Week of May 20, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we look at the current steepness of the yield curve and implications for the odds of U.S. recession.

May 13, 2018

Stone's Weekly Market Guide - Week of May 14, 2018

Our Stone's Weekly Market Guide provides a preview of the important and market impacting items scheduled for the week ahead along with the economic and investment implications happenings from the previous week. Each week the report also has a Chart of the Week meant to illustrate an important market insight. This week we debunk the notion that a strong U.S. dollar is always bad for emerging market stocks.

May 07, 2018

Report from the Bershire Hathaway Annual Meeting - 2018

An estimated more than 40,000 shareholders descended upon Omaha for the annual meeting on May 5, 2018 with a chance to listen to Warren Buffett and Charlie Munger answer questions for five hours. It certainly seemed as crowded as I have ever seen it in the more than ten years that I have been attending in person. This report details our main takeaways from the meeting.

Please reload

Research from Other Sources

July 01, 2014

Rethinking Portfolio Optimization

In this paper, we argue that full-scale mean variance optimization—a portfolio construction process that relies on the classic mean-variance approach—is not optimal and tends to produce fragile portfolios. We believe that MV optimization can only be used in combination with fundamental judgments or within partial portfolio constructions.

January 01, 2014