Stocks: Expensive or Cheap?

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?

ICON Strategy-Based Investing: Global Moderate Update

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

Mr. Market 2020

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.”

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

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.

It’s Money Supply not Interest Rates

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.

Corporate Buy Backs

The activity of public corporations repurchasing previously issued shares has become a topic of controversy lately as two U.S. senators have proposed…

Monetary Policy: Neutral or Normal?

T-Bills are generally considered to be risk-free investments. An investor knows what the return will be over the short holding period, and the bills are backed by the full taxation power of the U.S. Federal Government.

Everybody’s Talkin’

The purpose of this article is to help remind financial advisers and their investors of the power of long-term investing and the potential cost of investor fear.

Recovery Rallies

Soon after the market bottom of March 2009, we stated that the sharp week-long market drop in October 2008 resembled the market “crash” of October 1987.

Finding Superior Active Managers

Research in behavioral finance over the last two decades suggests that superior managers do exist. We see how superior managers behave, we know what they look like, and we believe we know how to find them.