MarketWatch Gets James St. Aubin’s Take on the “January Effect”
U.S. stocks capped off a wild 2023 with a two-month sprint that has carried the Dow to record highs and the S&P 500 index to within a whisker of a similar milestone. But after such a powerful advance, some portfolio managers and strategists are concerned that the market could suffer its own post-New Year’s Eve […]
Sierra CIO to Wall Street Journal: “Corporate Debt Markets Face the Most Acute Threat This Year”
Access to this article may require a subscription A resilient U.S. economy and cooling inflation fueled an intense year-end bond rally. Now, some suspect investors are too sanguine about the months ahead. The rally marked the latest in a series of swings that sent the yield on the 10-year U.S. Treasury, which falls when bond […]
St. Aubin to Schwab Network: “The Unknowns Need to Be Respected”
Historically, the end of monetary policy tightening cycles have been an attractive time to own bonds, notes James St. Aubin. He discusses the outlook for rate cuts in 2024. He talks about how investors should avoid getting too complacent about downside risk in the bond market. He then goes over how many rate cuts we […]
Reuters & St. Aubin: Powell’s ‘Balanced’ Outlook Invigorates Investors
The hosts of Excess returns have now conducted over 100 interviews on their podcast. At the end of all of them, they have asked the same closing question: Based on your experience in markets and your research, if you could teach one lesson to the average investor, what would it be? In this episode, the […]
Wall Street Journal and Sierra CIO James St. Aubin Talk Tightening Financial Conditions
Access to this article may require a subscription. Many investors on Wednesday looked to the Federal Reserve for hints about whether this autumn’s unusual ascent in Treasury yields would help finish America’s inflation fight. The central bank’s message: maybe. In the tug of war between low-risk government debt and higher-risk equities, that was enough of […]
ThinkAdvisor Interviews Sierra CEO, Skip Schweiss
A fast-evolving set of risks and opportunities is challenging late-career workers, retirees and the financial advisors who serve them, and those who fail to respond to shifting conditions could see hard-earned nest eggs battered by unforgiving market forces. At the same time, financial services firms that manufacture investment funds and outsourced portfolio models are facing […]
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 […]
