One major impact from Russia’s invasion of Ukraine has been to pour fuel on the fire of rising commodities. And, as we are often reminded during crises, it’s difficult to see around every corner, and predict corollary impacts from resulting volatility.
Read More
It’s only a month, but value stocks have significantly outperformed growth out of the gate in 2022. While we won’t try to make a call on whether this is a long-term rotation, we don’t find the outperformance surprising, and see a few reasons why it could continue.
Read More
Few would quibble that 2021 was a strong year for stocks. But how strong, and where did those returns come from? Take a guess on the 2021 returns for the four indices below, then scroll down to see the actual numbers, and our perspective on what it means.
Read More
As the calendar flips to 2022, we wanted to offer a quick look back at some of our most popular blogs from the prior year. They cover issues that are still salient today. Below you’ll find prior blogs on the emergence of meme stocks, the unusual dominance by large cap stocks, and the story of our...
Read More
Risk is a hot potato. (In more ways than one.) We can’t talk about risk until we define it and give it context.
YODA from Star Wars said, “Named must your fear be before banish it you can.”
Read More
Some portfolio managers shy away from the difficult questions. Not the team at Prospector Partners:
Rarely can entire markets be characterized by a broad, sweeping statement. Instead, we often find there are “markets within markets” – pockets of the stock universe that are behaving quite differently than the broader group. Often, these pockets are the areas that offer the most opportunity for...
Read More
With U.S. equities closing in on records again, and with stocks in bull market territory for the better part of the last 13 years, many investors may wonder how “defensive” their equity portfolio is. It’s not an easy question, as there is more than one way to define it.
Our own definition of...
Read More
It’s not easy for a stock to make it into a Prospector portfolio. In short, making it into a Prospector portfolio is a long, rigorous process … as it should be for any active manager. While no stock arrives at this destination through the exact same course, we strove to give interested prospects...
Read More
Cases of whiplash must have spiked lately. In a few short months, market commentators have abruptly transitioned from: “inflation is transitory” to “inflation might be more persistent” and now “prepare for stagflation!”
So what’s behind the change in sentiment?
Read More
