The New Capital Journal
Financial news, views, advice, and guidance.
Brought to you by New Capital and our business partners.
What’s the Federal Reserve’s Outlook for Monetary Policy?
We continue to expect yields will grind higher through the end of the year and strong economic growth accompanied by still relatively accommodative monetary policy will provide support to equity markets.
As Policy Tightens, Expect Only Modest Yield Rises
We find that central bank policy rates and interest rates more broadly are likely to rise, but only modestly, in the next several years.
Inflation: An Exchange Between Eugene Fama and David Booth
Dimensional Founder David Booth talked with Nobel laureate Eugene Fama about inflation and how investors should think about it in their portfolios.
Clearing Up QCD Confusion
As this strategy becomes more commonplace, so do questions about how to execute it.
Why Bother With International Investing Now?
If you’re overweight U.S. stocks, you’re not exactly putting all of your eggs in one basket, but you’re definitely loading one up dangerously close to the brim.
Donors Bet On Multifaceted Solutions to the World’s Great Challenges
Globalization, interconnectedness and ready access to information already have impacted the ways in which donors think about the world’s greatest challenges and how to address them.
The Coming Drivers of Inflation
Inflation expectations can have a self-fulfilling nature; as individuals and businesses expect to pay higher prices, they expect to be paid more themselves.
How Might the American Jobs Plan Impact the Municipal Bond Market?
With state and local fundamentals well supported by direct and indirect federal aid and a rapidly improving economy, rich valuation across the municipal bond market are likely to persist.
Market Perspectives: May 2021
The somewhat earlier-than-expected direct payments alongside a continued strong pace of vaccinations point to the U.S. economy growing above the 5% we had previously anticipated in the first quarter.
Why Investors Might Think Twice About Chasing the Biggest Stocks
Expectations about a firm’s prospects are reflected in its current stock price. Positive news might lead to additional price appreciation, but those unexpected changes are not predictable.
Why Wall Street Issues So Many Buy Recommendations
Underlying causes include business pressures, investor expectations, and research habits.
What the CARES Act means for your charitable giving in 2021
Understand how the new stimulus package may impact your charitable contributions in the 2021 tax year.
How Green is Biden's Infrastructure Plan?
Although the U.S.’s commitment to battling climate change has wavered in recent years, the new administration’s infrastructure proposal, the American Jobs Plan, bears a distinct shade of green.
Why Bother With International Investing?
We believe on average, that across sectors, industries, and regions, the world will continue to grow, innovate, and change.
The Next Normal
We can’t control crises, but we can control our response to them. You want to be prepared to deal with the unexpected before it happens. Not when you’re stuck in the middle of it.
Why We Don't Expect Fed Rate Hikes Anytime Soon
The Fed outlined changes to its monetary policy framework that suggests it won’t raise its benchmark federal funds rate target until at least 2023.
Dimensional Receives Climate Neutral Operations Certification
Dimensional Fund Advisors is among the first in its industry to have its worldwide operations certified Climate Neutral by leading climate solutions provider South Pole.
What has COVID-19 meant for working women?
Although the female participation rate had begun to improve prior to the pandemic, the early stages of COVID-19 saw participation rates decline for women more than men.
Biden Administration Will Improve Regulatory Climate for Sustainable Investing
The rule from the Trump administration will not be enforced by the DOL.
The Unwinding of Pandemic Debt
“How will we pay for this?” is the global policymaker’s multitrillion-dollar effort to prop up economies and markets against the monumental threat of the COVID-19 pandemic.