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You are here: Home / Archives for U.S. stock market

505 Plus: Japanese Stocks, Investing at All-Time Highs, and Exchange Funds

December 21, 2024 by David Stein · Updated January 18, 2025

In Plus episode 505, we review the investment thesis and performance of the WisdomTree Japan Small Cap Dividend ETF (DFJ). We look at U.S. stock market performance when investing at all-time highs. Finally, we explore how exchange funds work for diversifying out of low cost basis individual stock positions. … [Read more...]

Filed Under: Money Plus Tagged With: DFJ, exchange funds, Japan, Japanese yen, U.S. stock market

504: Indexing Bubble and Asset Class Returns Still Revert to the Mean

December 11, 2024 by Camden Stein · Updated January 15, 2025

How asset class returns move in cycles with periods of above-average returns followed by periods of lower returns. How has the rise of passive indexing led to higher stock valuations, and what does that mean for markets? Show Notes The Equity Risk Premium: Nine Myths (JPM Series) by Rob Arnott—Research Affiliates The Greatest Scourge in Factorland: Revaluation Alpha = Fake Alpha (JPM Series) by Rob Arnott—Research Affiliates PASSIVE INVESTING AND THE RISE OF MEGA-FIRMS by Hao … [Read more...]

Filed Under: Podcast Tagged With: indexing, indexing bubble, mean reversion, stock market, stock market returns, U.S. stock market

503: U.S. Stocks Have Never Been This Overhyped or Expensive

December 4, 2024 by Camden Stein · Updated December 16, 2024

What are the tangible and intangible factors that have contributed to long-term U.S. stock market outperformance compared to the rest of the world? Despite these advantages, why might we still want to continue to be globally diversified? Show Notes American productivity still leads the world—The Economist The Outlook for Long-Term Economic Growth by Charles I. Jones—Federal Reserve Bank of Kansas City How Much Will Global Warming Cool Global Growth? by Ishan B. Nath, Valerie … [Read more...]

Filed Under: Podcast Tagged With: budget deficit, international stocks, productivity, stock valuations, U.S. stock market

421: Beware of Survivorship Bias When Investing

February 15, 2023 by David Stein · Updated May 10, 2023

Why long-term U.S. stock market outperformance could be because it has avoided major catastrophes. Does an over-reliance on historical U.S. stock returns when modeling retirement outcomes lead to spending rates that are too high? Topics covered include: Why you might consider earthquake insurance What is survivorship bias and what are some examples Why the U.S. is an outlier when it comes to stock market performance Why the 4% retirement spending rule might be too … [Read more...]

Filed Under: Podcast Tagged With: international stocks, survivorship bias, U.S. stock market

298: The Stock Market Is Not the Economy

May 13, 2020 by David Stein · Updated May 19, 2021

How the stock market differs from and can perform differently than the economy while remaining highly dependent on the economy for its success. Topics covered include: Why the stock markets in countries with lower economic growth performed better than the stock markets in countries with higher economic growth.How the top 5 stocks in the S&P 500 Index have the largest weighting in 30 years and what will it takes for these stocks to outperform the market.What are the largest … [Read more...]

Filed Under: Podcast Tagged With: economic output, economy, stock market, technology stocks, U.S. stock market

280 Plus: Will the U.S. Stock Market Continue to Outperform Next Decade?

December 14, 2019 by David Stein · Updated April 29, 2021

In Plus episode 280 for the week of December 14, 2019, we review the performance of the global stock market over the past decade and consider the factors that led the U.S. to significantly outperform the rest of the world. Then we consider what has to happen for that outperformance to continue. We also review the recent announcement by UBS to exchange a number of its exchange-traded notes for a new series. This includes the ETRACS Alerian MLP Index ETN (AMU). We consider the ramifications of … [Read more...]

Filed Under: Uncategorized Tagged With: ETNs, exchange-traded notes, stock market returns, U.S. stock market

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