St. Aubin in the Wall Street Journal Talks Risky Borrowers & Rising Loan Costs
Excluding a 2020 spike, the default rate for the past 12 months is the highest since 2014. The strains come at a time when leveraged-loan funds have put up outsize performances. Investors had feared that rising rates would hurt risky borrowers, particularly if they spark a recession. Instead, a strong economy has helped issuers withstand […]
Sierra CIO St. Aubin Talks Trend Following and More on Excess Returns Podcast
In this episode, Jack and Justin talk trend following and conservative investing with Sierra Mutual Funds CIO James St. Aubin. They talk about Sierra’s unique banded moving average approach to trend following and how they utilize it to manage risk in client portfolios. The trio also discuss the importance of educating investors, what makes a […]
Bloomberg and St. Aubin: Adversity for Apple Inc. if China Expands iPhone Bans
Access to this article may require a subscription. In a span of two days, Apple Inc. has seen roughly $200 billion (about the size of the whole of McDonald’s Corp.) of its market value wiped out. And it looks like the blame rests with China, which announced plans to expand a ban on the use […]
St. Aubin on Money Life Podcast: A Mild Recession on the Rise?
James St. Aubin, chief investment officer at the Sierra Mutual Funds, says that while conventional thinking has moved away from a recession being imminent, more difficult conditions for consumers in the fourth quarter will create an economic slowdown that is likely to become a mild recession early in 2024. St. Aubin says stocks might tolerate […]
St. Aubin to Wall Street Journal: “U.S. Stocks are really in a difficult position”
Access to this article may require a subscription. Jerome Powell’s much-anticipated speech Friday did little to resolve the conflict gripping markets late this summer: whether a rapid climb in interest rates spells doom for the surprising 2023 stock-market rally. The Federal Reserve chair said inflation remains too high and officials are open to raising rates […]
Worst Stretch of Losses for Tech Stocks Since December
Access to this article may require a subscription. The big question now is whether a further unraveling of Big Tech’s advance will take the broader market down with it, or whether other corners of the market will help to pick up the slack. Together, the biggest tech stocks are responsible for roughly 40% of the […]
Corporate Earnings Growth Predictions Could Cause Stock Prices to Continue Climbing
Access to this article may require a subscription. It’s become a common refrain among those who believe the 2023 stock-market rally seems too good to last: by almost any measure one chooses, equity valuations in the U.S. are looking stretched. While this point is generally conceded by equity analysts, it glosses over another debate of […]
St. Aubin on the Future of U.S. Stocks’ Current Hot Streak
Access to this article may require a subscription. The S&P 500 index is on the verge of a fifth straight monthly gain in July. It’s a reality that few on Wall Street expected just eight months ago. As a result, it seems that one by one, equity analysts at the big banks are issuing mea […]
US Stocks Advance in Wake of Upbeat Inflation Data; Sierra CIO Remains Cautious Due to Strong Job Market
Access to this article may require a subscription. U.S. stock indexes ended higher and recorded their fourth straight day of gains on Thursday, with the S&P 500 clearing the 4,500 mark for the first time since April 2022, led by technology stocks, after data showed June producer-price inflation fell further, bolstering the chances that the […]
Nasdaq’s First Half of 2023 Boosting Economic Optimism
Access to this article may require a subscription. Modest daily stock gains cinched a strong six months on Wall Street, fueled by investors’ optimism that inflation is easing while the economy continues to hum. Fresh spending data added momentum on Friday, showing milder core-price increases in May compared with a month earlier, while consumer outlays […]
