Market Insights

Q2 Earnings Spotlight: What Are Banks Saying About the Economic Rebound?

The second quarter earnings season has offered an early glimpse into what a recovering economy could mean for the financial sector, and more specifically, banks.

That news is of particular interest to Prospector, as we maintain a high allocation to financials, and the sector has been a natural area...

Unfamiliar Territory: Real Yields in Perspective

Real yields are in unfamiliar territory, and the chart below provides context for just how unusual the current environment is. It also shows that historically, such periods haven’t lasted long.

The line reflects the 10-year Treasury yield minus CPI, or real yield. Currently, real yields are not...

Growth and Value Investing: Mutually Exclusive or Mutually Beneficial?

Prospector Portfolio Managers John Gillespie, Kevin O’Brien (CFA), Jason Kish (CPA, CFA) and Steve Labbe (CFA) recently conducted a video conference call with Stacy Havener, Founder & CEO of Havener Capital Partners, as part of the Havener Capital Partners Boutique Week event. They discussed 2021’s...

Is the Rotation to Value a Head Fake or the Real Thing?

Prospector Portfolio Managers John Gillespie, Kevin O’Brien (CFA), Jason Kish (CPA, CFA) and Steve Labbe (CFA) recently conducted a video conference call with Stacy Havener, Founder & CEO of Havener Capital Partners, in which they discussed 2021’s rotation toward value stocks as well as aspects of...

Offering Clients a Unique Flavor of Value Investing

Prospector Portfolio Managers John Gillespie, Kevin O’Brien (CFA), Jason Kish (CPA, CFA) and Steve Labbe (CFA) recently conducted a video conference call with Stacy Havener, Founder & CEO of Havener Capital Partners, in which they discussed the sustainability of 2021’s rotation toward value stocks...

Value’s Momentum: $15 Billion Quant ETF Goes from 2% to 32% in Financials

Some of the most common questions we hear from advisors today are “Can the outperformance of value stocks continue?” and “How long might the outperformance last for?”

While we have authored multiple blog posts over the past few months discussing the impact of the economic recovery and higher...

Lessons Learned from Our Heroes

Out of all the mentors who have passed lessons down upon the Prospector team members, the teachings from John (Jack) Byrne may have left the largest impression.

Prospector founder and Portfolio Manager John Gillespie notes the following observations regarding the lasting impact Jack had on the...

Is the Bank Rally Over?

Last year was a rollercoaster for bank stocks. We were fortunate to be underweight the sector relative to our history heading into the pandemic. By March 2020, the regional bank index declined over 50% from the start of the year as the pandemic instilled fears of a major recession and credit losses...