The New Capital Journal
Financial news, views, advice, and guidance.
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Market Week: June 29, 2020
The week began with the stock market picking up where it left off the previous week.
Large and In Charge? Giant Firms atop Market Is Nothing New.
While the types of businesses most prominent in the market vary through time, the fact that a small subset of companies’ stocks account for an outsized portion of the stock market is not new.
Market Week: June 22, 2020
Equities began the week edging higher following the Federal Reserve's announcement that it would buy corporate bonds under an emergency lending program.
Home Bias: Overcoming Biases Against Global Stock Investing
The U.S. stock market may offer the comfort of familiarity, but investing in both U.S. and international markets can benefit those with long-term perspectives.
Market Week: June 15, 2020
Last week began with a bang for stocks as each of the indexes gained well over 1.0% for the day. The S&P 500, after climbing 1.2%, has picked up nearly 45.0% since its 2020 low, pushing it into the black for the year.
Will the Fed cause inflation?
Historically, an increase in the money supply leads to higher levels of inflation, but investors should remember that supply is only one driver of overall prices.
Dimensional 2020 Matrix Book
Dimensional’s annual survey of investment performance draws on historical data to look beyond short-term market fluctuations and shed light on the dimensions that explain differences in returns.
Market Week: June 8, 2020
Despite nationwide protests and U.S.-China tensions, stocks rose to start the week.
Webinar Recording: Fixed Income Bonds in a Covid World - May 29, 2020
Watch a recording of our webinar: Fixed Income Bonds in a Covid World
Market Week: June 1, 2020
With the stock market closed last Monday in observance of Memorial Day, Tuesday's trading led to solid returns for each of the benchmark indexes listed here.
David Booth on Righting the Ship
Everyone wants to know when we’ll be able to get to the other side of COVID-19. Dimensional Founder David Booth shares what he’s seeing and why it gives him hope.
Market Week: May 26, 2020
The major benchmarks opened the week on a high note, led by the Russell 2000, which gained more than 6.0%.
Spread the Word: What’s New with Valuation Ratios
Over the 10-year period ending March 31, 2020, the Fama/French US Value Research Index returned an annualized 5.06%, well behind the 13.04% achieved by the Fama/French US Growth Research Index.
Market Week: May 18, 2020
Stocks opened the week with mixed returns. The S&P 500 stayed level, the Dow fell by almost half a point, and the Nasdaq finished the day up three-quarters of a percent.
Too Much Oil with Nowhere to Go
The dramatic plunge below zero highlighted a fundamental problem for the oil industry in the face of evaporating demand due to COVID-19.
Market Week: May 11, 2020
Investors continue to move toward stocks despite unfavorable economic data.
Market Week: May 4, 2020
Investors were guardedly optimistic last Monday as several countries and some states began to reopen their economies.
Special Markets Update 2020 #7 - April 24, 2020
Watch a recording of our webinar: Special Markets Update 2020 #7
Market Week: April 27, 2020
The week started with stock indexes falling sharply on the heels of an historic plunge of crude oil into negative territory.
Long-Term Investors, Don’t Let a Recession Faze You
Data covering the past century’s 15 US recessions show that investors tended to be rewarded for sticking with stocks.