Bloomberg Survery

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We don’t need the economic setting to be perfect for the market to move higher.  We just need it to be better than is currently priced in.

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The Fed, Rates, and Value

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We don’t see the recent jolt in inflation as sustainable and as as result we expect investor fears to gradually calm down over the next year. In the meantime, ICON will continue to focus on value.

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Don’t Fight the Fed

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Over the last two weeks, I have seen one of the most amazing things I have seen in all my years of watching the financial markets.  Two weeks ago M1 grew…

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Why Claims that “The Market Was Expensive” Were Wrong

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Based on intrinsic value being the present (or discounted) value of their future earnings, the rally of 2020 is very sensible.  Investors are pricing in the future, not the present.

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Economic Surprise!

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Rather than reading the news, ICON uses intrinsic value. From horrible to mediocre to good, we believe value tells us what expectations are built into stock prices.

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Stocks: Expensive or Cheap?

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There is disagreement on value regarding the overall stock market. ICON thinks stocks, in general, are underpriced relative to their intrinsic value but many analysts are stating stocks are expensive. We presume analysts who think stocks are expensive are basing their views on the broad market P/E. Who’s right, and why the disagreement?

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ICON Strategy-Based Investing: Global Moderate Update

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The SBI Portfolios buy and hold the best strategies and the most strategy consistent managers in those strategies according to our system.  In using this process we’ve observed that the effectiveness of each strategy may vary through changing economic and financial market conditions.  One such example during this most recent market volatility is ICON’s SBI Global Moderate Portfolio

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Mr. Market 2020

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It seems timely to recall a metaphor described by Benjamin Graham, the ultimate value investor. In reference to the stock market, he wrote of “Mr. Market.”

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ICON’S U.S. INCOME PORTFOLIO: HELPING YOUR CLIENTS NAVIGATE THE CURRENT CRISIS AND VOLATILE MARKET SETTINGS

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Our U.S. Income portfolio seems to be handling this market downturn very well. The U.S. Income portfolio’s combination of bonds, utilities & dividend oriented equities is very important to us, the secret sauce if you will.

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It’s Money Supply not Interest Rates

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There are two popular views regarding the economy and monetary policy. One is that the U.S. economy is on the edge of tipping into recession. The second is that with interest rates so low, the Federal Reserve (FED) does not have the ability to stimulate the economy.

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