What Goes Up

Omicron Tape Bombs

03 Dec 2021

Contributed by Lukas

Investors’ imagination often goes to “dark places” in the face of uncertainty around issues like the new Covid variant and this week they might ...

Can Stocks See a Repeat of 2021?

26 Nov 2021

Contributed by Lukas

Wall Street forecasters have been saying all year that a slowdown in the bull market might be in the cards thanks to inflation and growth concerns. Th...

Bubble Trouble?

19 Nov 2021

Contributed by Lukas

A stellar year for the stock market is coming to a close and money-managers are looking ahead to what 2022 might have in store. But worries persist, i...

Pensions & Crypto

12 Nov 2021

Contributed by Lukas

Steve Kurz, head of asset management at Michael Novogratz’s crypto firm Galaxy Digital, discusses how pensions, endowments and other institutional i...

Arnott on Bubbles and Valuation Gaps

05 Nov 2021

Contributed by Lukas

Rob Arnott, chairman and founder of Research Affiliates, discusses how he identifies stock-market bubbles and how to use valuation gaps to identify at...

Melt-Up Time?

29 Oct 2021

Contributed by Lukas

This week, U.S. economic growth came in lower than expected, some high-profile companies posted disappointing earnings results and central banks world...

Bitcoin Enters Prime Time

22 Oct 2021

Contributed by Lukas

Dave Abner, global head of business development at crypto exchange Gemini Trust Co. and a two-decade veteran of the ETF industry, talks about the laun...

Bank Stock Phobia

15 Oct 2021

Contributed by Lukas

Halloween is coming, so it’s time to confront a common source of fear: bank stocks.Ever since the global financial crisis, many investors have been ...

Introducing: Breakthrough

12 Oct 2021

Contributed by Lukas

On Breakthrough, a new series from the Prognosis podcast, we explore how the pandemic is changing our understanding of healthcare and medicine. We sta...

Freaking Out Over Rates

08 Oct 2021

Contributed by Lukas

Up 1% one day, down an equal amount the next, the stock market’s been serving up a bout of volatility traders haven’t seen all year. There’s ple...

Digesting the Taper

01 Oct 2021

Contributed by Lukas

Treasury yields started to spike soon after the Federal Reserve signaled it’s edging closer to winding down its pandemic-era bond buying. But can st...

Money Is Just a Meme

24 Sep 2021

Contributed by Lukas

Non-fungible tokens, or NFTs, went from non-existent to taking over the world in record fashion. But what is their utility besides being collectibles?...

Betting on a Value Revival

17 Sep 2021

Contributed by Lukas

Stocks tied to the economic reopening had a banner 2020 before their performance petered out a few months ago. But Andrew Slimmon, a senior portfolio ...

Bitcoin in Macro Land

10 Sep 2021

Contributed by Lukas

El Salvador is not a nation that comes up in global-macro investing discussions very often, but its embrace of Bitcoin as legal tender marks an intere...

Bad News is Good News, Again?

03 Sep 2021

Contributed by Lukas

Some economic reports are coming in weaker than expected as the back-to-normal recovery drags on. To many investors, it means the Federal Reserve will...

‘Flight to Crap’

27 Aug 2021

Contributed by Lukas

Extraordinary loose monetary policy has led to what Interactive Brokers Chief Strategist Steve Sosnick calls a “flight to crap,” or investor inter...

Now, the Hard Part

20 Aug 2021

Contributed by Lukas

The rebound in the stock market from the pandemic-induced recession has been breathtaking, with the S&P 500 doubling from its low point in March 2...

Where’s the Volatility?

13 Aug 2021

Contributed by Lukas

Many traders expected this summer to be a volatile one for U.S. markets, but so far it’s been quiet as can be. What happened? Chris Gaffney, head of...

Under-the-Radar Growth

06 Aug 2021

Contributed by Lukas

Chris Mack, a portfolio manager at Harding Loevner, discusses his firm’s investment process and how his fund's hunt for “under-the-radar growth”...

A Quant in China’s Casino

30 Jul 2021

Contributed by Lukas

The attention of global investors returned to China this week as a crackdown on for-profit education companies triggered a massive selloff in the nati...

The Reopening U-Turn

23 Jul 2021

Contributed by Lukas

Rebecca Patterson, director of investment research at Bridgewater Associates, discusses the reversal in some of the market moves triggered by optimism...

Holding a Mirror Up to the Stock Market

16 Jul 2021

Contributed by Lukas

What is the point of creating synthetic stocks and ETFs to trade on the blockchain with cryptocurrencies? Do Kwon, co-founder and CEO of Terraform La...

Old Growth Is New Again

09 Jul 2021

Contributed by Lukas

Well, so much for that reflation and reopening trade. David Bianco, chief investment officer for the Americas at DWS Group, discusses why high-growth,...

Transitory Is in the Eye of Beholder

02 Jul 2021

Contributed by Lukas

It’s the top question on the minds of everyone involved in the markets these days: How long is “transitory” when it comes to the Federal Reserve...

A Quant’s Take on Meme Stocks

25 Jun 2021

Contributed by Lukas

Dimensional Fund Advisors, which manages $637 billion, was one of the first firms to take seminal academic financial research off of the campus and pu...

Dot Plot Shocker

18 Jun 2021

Contributed by Lukas

A few dots moved higher on a Federal Reserve chart of interest rate projections, and it caught many investors by surprise. Yet the hawkish turn tamped...

The Boomer Boom

11 Jun 2021

Contributed by Lukas

What generation will drive the consumer economy and create stock-market winners in the post-pandemic world? Lauren Hill, a portfolio manager and analy...

A Million Miles From the Memes

04 Jun 2021

Contributed by Lukas

They’re baaaaack! Day-trader cult stocks like AMC Entertainment Holdings Inc. are dominating investors’ attention once again, with eye-popping ral...

Peak Recovery

28 May 2021

Contributed by Lukas

Seema Shah, chief strategist at Principal Global Investors in London, discusses the state of the global economy and why the equity rally seems to have...

Crypto Contagion

21 May 2021

Contributed by Lukas

For years, cryptocurrencies were considered fringe investments on Wall Street, but this week a massive intraday plunge in Bitcoin corresponded with a ...

Inflation Shocker

14 May 2021

Contributed by Lukas

A shockingly high reading in the consumer price index landed with a bang in markets this week. Zachary Griffiths, a macro strategist with Wells Fargo,...

Over the Borderline

07 May 2021

Contributed by Lukas

Vincent Deluard, director of global macro strategy at the brokerage StoneX Group, discusses how Mexico and Canada may be primed to benefit from the co...

Bridgewater on Bubbles

30 Apr 2021

Contributed by Lukas

Greg Jensen, the co-chief investment officer for the hedge-fund manager Bridgewater Associates, discusses this week’s Federal Reserve meeting and th...

After the Meme-Stock Gold Rush

23 Apr 2021

Contributed by Lukas

Liz Ann Sonders, chief investment strategist at Charles Schwab, joined the latest episode of the “What Goes Up” podcast to discuss what appears to...

Allocating for the Boom

16 Apr 2021

Contributed by Lukas

Economic growth in 2021 is forecast to be unlike anything seen in the last several decades as the world begins to return to normal following the Covid...

A Quant’s Take on Innovation

09 Apr 2021

Contributed by Lukas

He was one of the first money managers to deploy factor-investing strategies at his firm Gerstein Fisher, but now Gregg Fisher is trying something ne...

Yields Aren’t Done Yet

26 Mar 2021

Contributed by Lukas

The swift rise in Treasury yields that triggered some wild swings in the stock market stopped this week – at least temporarily. Shawn Snyder, the he...

Inflation & Valuation Vertigo

19 Mar 2021

Contributed by Lukas

Financial markets have become obsessed with the possibility of faster-than-normal inflation this year as economies reopen from Covid lockdowns. But i...

Introducing: Doubt

16 Mar 2021

Contributed by Lukas

A few decades ago, nobody really questioned vaccines. They were viewed as a standard part of staying healthy and safe. Today, the number of people que...

Markets Vs. Central Banks

12 Mar 2021

Contributed by Lukas

Bond yields are rising, commodity prices are jumping, and stock markets around the globe are soaring. To David Adams, the chief investment officer at...

Coming Soon: The Pay Check Season 3

08 Mar 2021

Contributed by Lukas

More than 150 years after the end of slavery in the U.S., the net worth of a typical white family is nearly six times greater than that of the average...

Grandma Likes Amazon

05 Mar 2021

Contributed by Lukas

The flattening of the Covid case curve and the re-opening of economies around the world is causing big ripples in the stock market, with investors sel...

Ragin’ Rates

26 Feb 2021

Contributed by Lukas

The surge in Treasury yields this week caught a lot of investors off-guard, triggering a bout of volatility in the stock market. Amanda Agati, chief i...

Death of Austerity

19 Feb 2021

Contributed by Lukas

Marko Papic, partner and chief strategist at hedge-fund seeder Clocktower Group, discusses how the current economic and market cycle will be vastly di...

Getting Paid to Own Stocks

12 Feb 2021

Contributed by Lukas

The dislocations in markets last year created a fleeting opportunity to buy stocks that pay big dividends on the cheap. Sorting through which companie...

Macro Man Vs. YOLO Boy

05 Feb 2021

Contributed by Lukas

Like a lot of parents these days, Cameron Crise is dealing with a teenager at home who wants to get into day-trading and reap the type of the windfall...

'Stupid Prices'

29 Jan 2021

Contributed by Lukas

The drama surrounding GameStop Corp. and other high-flying stocks targeted by social media-influenced traders has triggered a debate about behavior in...

Tesla and AOL

22 Jan 2021

Contributed by Lukas

Why does Tesla joining the S&P 500 remind Wells Fargo Securities’ head of equity strategy of AOL and the dot-com boom and bust era? He also expl...

Rebooting the China Relationship

15 Jan 2021

Contributed by Lukas

The upcoming inauguration of Joe Biden as president offers the U.S. a chance to reboot its relationship with China after a tumultuous four years under...

Perpetual Motion Stocks

08 Jan 2021

Contributed by Lukas

Another week, another record high for stocks – even in the midst of political unrest. Vincent Deluard, director of global macro strategy at StoneX ...

New Year… New Markets?

01 Jan 2021

Contributed by Lukas

Peter Cecchini, founder and CEO of AlphaOmega Advisors, discusses the crazy year that was 2020 in markets, and gives his outlook for what’s to come....

'Tis the Season to … Lever Up?

25 Dec 2020

Contributed by Lukas

Anastasia Amoroso, head of thematic strategy at J.P. Morgan Private Bank, discuss emerging investing themes, including deploying leverage in credit-m...

Value in a Frothy Market

18 Dec 2020

Contributed by Lukas

Danton Goei, who runs global investment strategies at Davis Funds, discusses what opportunities he's seeing around the world as the end of the coronav...

The Great Debate of 2021

11 Dec 2020

Contributed by Lukas

In the wake of Covid-19, corporations this year issued trillions of dollars of debt to make it through. Now, according to Josh Lohmeier, head of North...

The World Outside Tech Stocks

04 Dec 2020

Contributed by Lukas

The recent rotation in the equity market has made the once no-brainer decision to bet big on big tech a little more complicated. Jacqueline Remmen, se...

Where Money Goes to Die

27 Nov 2020

Contributed by Lukas

Randy Dishmon doesn't care much for investment strategies based on lumping stocks into boxes with labels like growth and value. The manager of the Inv...

The New 60/40: 100/0?

20 Nov 2020

Contributed by Lukas

Barely-there yields in the bond market have led to a search for other strategies to diversify portfolios with assets that will cushion the blow from a...

Heavy Rotation

13 Nov 2020

Contributed by Lukas

Promising results in a coronavirus vaccine test triggered a wild rotation in the stock market this week. Lauren Goodwin, economist and strategist at ...

A Top 1% Manager’s Strategy

06 Nov 2020

Contributed by Lukas

Many investors, like most Americans, have been fixated on the political drama of this year’s presidential election. But when it comes to picking sto...

The Great Dollar Slowdown

30 Oct 2020

Contributed by Lukas

The velocity of money is an attempt to estimate the average number of times a dollar changes hands. It crashed to record lows during the pandemic as t...

Dollar Doldrums

23 Oct 2020

Contributed by Lukas

The dollar has been in a slump against major currencies in the last few months, and betting on more declines has become a popular trade. Wells Fargo m...

Army of Day Traders

16 Oct 2020

Contributed by Lukas

The shift to commission-free trading and the stay-at-home environment of 2020 helped usher a new army of day traders into the stock and equity-options...

Forecast: A 'Tech-Stock Tsunami'

09 Oct 2020

Contributed by Lukas

An antitrust report by Democratic staffers for the House of Representatives this week sent chills down the spine of investors holding shares of the ma...

SPAC Attack

02 Oct 2020

Contributed by Lukas

A stock market that sometimes seems bulletproof in the face of adversity can make it challenging for hedge funds looking for companies to sell short i...

Buffett’s 'Elephant Gun'

25 Sep 2020

Contributed by Lukas

Warren Buffett has referred to the massive cash pile at his company Berkshire Hathaway Inc. as his “elephant gun,” meaning he’s always on the pr...

The Options Explosion

18 Sep 2020

Contributed by Lukas

An explosion of trading in equity options among day-traders is suspected of helping to fuel the rally in U.S. stocks this summer. Chris Murphy, co-hea...

Another Tech Wreck

11 Sep 2020

Contributed by Lukas

The selloff in high-flying technology stocks continued this week after a breathtaking rally over the previous five months. Is the bubbling bursting, o...

Ugh! Not Politics Again!

04 Sep 2020

Contributed by Lukas

The U.S. stock market’s melt-up seems to have ended in spectacular fashion this week, and now many on Wall Street are turning their attention to the...

Volatility From Voting

28 Aug 2020

Contributed by Lukas

Politics has become one of the most-important drivers in markets and this year’s U.S. presidential election is shaping up to be the main focus of tr...

A Market Wearing 'Rose-Colored Glasses'

21 Aug 2020

Contributed by Lukas

Campbell Harvey, finance professor at Duke University and a senior adviser at Research Affiliates, is well known for his research on the yield curve a...

The MMT Experiment is Underway

14 Aug 2020

Contributed by Lukas

Robert Hormats, who has worked in senior economic and trade policy roles under five different U.S. presidents and spent 25 years at Goldman Sachs Grou...

Reflections of a Goldman Sachs Manager

07 Aug 2020

Contributed by Lukas

At the benchmark level, equity levels by many measures look stretched. But Katie Koch, co-head of fundamental equity at Goldman Sachs Asset Management...

The Bull Case for Gold

31 Jul 2020

Contributed by Lukas

Lee Ferridge, head of North America macro strategy for State Street Global Markets, has been bullish on gold since late 2018, when an attempt at quant...

Rob Arnott on Bubbles

24 Jul 2020

Contributed by Lukas

Rob Arnott, chairman and co-founder of Research Affiliates, has spent a lot of time studying market bubbles. He shares what he’s learned, and give h...

Introducing: Blood River, A New Podcast From Bloomberg

20 Jul 2020

Contributed by Lukas

The killers of Berta Caceres had every reason to believe they’d get away with murder. More than 100 other environmental activists in Honduras had be...

A View of Markets From Overseas

17 Jul 2020

Contributed by Lukas

Based in Sydney, Australia, David Adams, the chief investment officer at Reminiscent Capital, picked up on funding market stress early on. That helped...

The Melt-Up After the Meltdown

10 Jul 2020

Contributed by Lukas

The furious rebound in the U.S. equity market over the last few months runs the risk of turning into a "melt-up," according to Wells Fargo strategist ...

A Bummer of a Summer for Stocks?

03 Jul 2020

Contributed by Lukas

The U.S. stock market headed into the Fourth of July holiday with a full head of steam after the best quarterly advance since 1998. Yet risks lie ahea...

Views of a Top Growth Manager

26 Jun 2020

Contributed by Lukas

It’s a perennial debate among market wonks: when will growth stocks finally stop outperforming value stocks for more than a short period? And what h...

Pin the Tail Risk on the Quant

19 Jun 2020

Contributed by Lukas

This year’s volatility in markets has highlighted how investors can protect their portfolios with tail-risk hedging strategies. Meb Faber, co-founde...

Bear-Market Flashback

12 Jun 2020

Contributed by Lukas

Stocks crashed back to Earth this week after a breathtakingly fast rebound from the bear market of February and March. What caused the plunge? And is ...

Get Me Out!

05 Jun 2020

Contributed by Lukas

As lockdowns are eased across the country, Americans are slowly but surely getting out of their homes and engaging with the world outside again. That ...

‘Scared For the Market’

29 May 2020

Contributed by Lukas

Investors across Wall Street are beginning to wonder if the risk rebound has further room to run. Fed policy is extremely stimulative, economies are r...

It’s Already 2021 in the Market

22 May 2020

Contributed by Lukas

What explains the resiliency of the U.S. stock market, despite the worst economic data in most of our lifetimes? Susan Schmidt, head of U.S. equities ...

An Historic Crash

15 May 2020

Contributed by Lukas

It was 10 years ago this month that the S&P 500 dropped 5% in four minutes. Now, the infamous day is known as the Flash Crash of May 6, 2010, and ...

Death of the Buyback?

08 May 2020

Contributed by Lukas

This is a year when unthinkable events have become commonplace. That has some investors wondering if the Federal Reserve could end up making what was ...

Treasury’s $1.9 Trillion Quarter

01 May 2020

Contributed by Lukas

The U.S. Treasury is auctioning a dizzying amount of bonds to pay for the government’s economic relief efforts. Will the market be able to digest th...

Sell the Reopen News?

24 Apr 2020

Contributed by Lukas

As several states take tentative steps to reopen their economies following lockdowns to slow the spread of Covid-19, the big question for investors is...

Harvesting 'Crisis Alpha’

17 Apr 2020

Contributed by Lukas

They say every crisis is also an opportunity, and some trend-following investment strategies are proving that true by reaping strong returns amid the ...

Misbehaving in a Pandemic

10 Apr 2020

Contributed by Lukas

The Covid-19 virus is messing with all our heads, and that can cause investors to make some classic mistakes. Meanwhile, government stimulus efforts c...

Bankers on the Frontlines

03 Apr 2020

Contributed by Lukas

While the world agonizes over grim statistics showing the growing number of victims of the novel coronavirus, professional money managers are forced t...

Quick to Fall, Quick to Rise

27 Mar 2020

Contributed by Lukas

Quick to fall, quick to rise -- such has been the story of the stock market. After tumbling more than 30%, this week was met with the fastest period o...

Announcing Prognosis Daily: Coronavirus

25 Mar 2020

Contributed by Lukas

Harnessing Bloomberg's reporting from every continent, Bloomberg's daily Prognosis podcast brings the news, data and analysis you need for living in t...

The Sell-Everything Strategy

20 Mar 2020

Contributed by Lukas

While the bear market in stocks has been alarming, dislocations in the corporate credit markets are arguably more dangerous for the stability of the f...

Buy The Dip Is Dead

13 Mar 2020

Contributed by Lukas

As if the last few weeks weren’t volatile enough, this one was even worse. Swings were so wild that exchange-rules forced trading halts – multiple...

Waiting for the Panic

06 Mar 2020

Contributed by Lukas

Spasms of volatility continued to shake financial markets this week as the novel coronavirus spread in the U.S. and Europe. When will it all end and w...

Can Fed Fight the Virus?

28 Feb 2020

Contributed by Lukas

Financial markets around the world have been roiled by the spread of the novel coronavirus, and it’s unclear what if anything the Federal Reserve an...

Hedging an Epidemic

21 Feb 2020

Contributed by Lukas

Flows into ProShares exchange-traded funds this year show investor appetite for investments that benefit from a declining stock market as the coronavi...

Tales of a Top 1% Fund Manager

14 Feb 2020

Contributed by Lukas

With passive and factor investing dominating the strategies of more and more investors, one would be forgiven for thinking that traditional bottoms-up...

UBS’s China Bull

07 Feb 2020

Contributed by Lukas

China’s intense effort to contain the deadly new coronavirus is causing major damage to the nation’s economy and sending ripples through global fi...