The U.S. stock market is down about 20% so far this year. And what makes this a particularly bad year for investors isn't just stocks. Bonds are falling in value, too, at the same time. And this almost never happens. So bonds are basically loans. When you yourself loan some money ...
Why are Reits Currently so Expensive? For the last several years, the price of listed real estate stocks has been unusually high relative to dividends. I explore whether low interest rates or l... Stijn Van Nieuwerburgh∗ - 《Social Science Electronic Publishing》 被引量: 2发表: 2017年 Wh...
High levels of leverage help explain why stocks ran up so quickly over the past year. But that borrowing leaves the stock market prone to dramatic falls as investors struggle to meet margin calls. 高杠杆有助于解释股市为何在过去一年里如此快速地上涨。但在投资者难以满足追加保证金要求的时候,这种杠...
Don’t listen to the bubble worrywarts: even with the 2023 bounce, stocks are well off their late 2021 peak. In other words, they’re still cheap! Stock Rebound Still Has Room to Run We can get in even cheaper through discounted closed-end funds. Consider two leading equity CEFs, the ...
Individual stocks are typically categorized by the exchange on which they are traded, such as the New York Stock Exchange (NYSE) or the Nasdaq. Companies can be classified into different sectors, such as technology, healthcare, or consumer goods, based on their primary business activities. ...
So it's no surprise that stocks are jumpy. As volatility has intensified, hedge fund investors face being forced to quickly cover so-called "carry trade" positions, in which stock and bond trades are funded by "shorting" or selling a weakening currency (something I discussed as far back as...
We investigate why individual stocks become more volatile over the 1976-2000 period, during which quarterly accounting data are available at the firm level. On average, corporate earnings have deteriorated and their volatilities have increased over the sample period. This is more evident for newly li...
At that time, Boockvar said, investors have to be reevaluate how much they're willing to pay for stocks. Will it be the19 times earnings they were payingjust before the market collapsed, or will it be a lesser multiple? Of course, by then conditions will have changed considerably. ...
making the asset class highly competitive with stocks, even despite the extra safety bond holders enjoy over shareholders in the event of a company’s failure. To his mind, a laser-like focus on spreads rather than yields may be missing the point. “Company fundamentals are in decent shape,...
US Treasury rates are white hot. That’s bad news for stocks and anyone planning to buy a home.On Thursday, the yield on the US 30-year Treasury bond hit its highest since 2011 and the 10-year note notched its best return since October 2022. Bond yields go up as bond prices fall....