The Vodia Capital Blog

[...] , because financial stimulus in the developed markets has been unprecedented while global economic growth has been anemic. This massive flow of capital into specific markets caused those markets to [...]

[...] , US overall employment levels are the same as five years ago (mid-recession), and the economic growth in the US is significantly below the long-term average needed to insulate us from negative [...]

[...] prices is still ahead of the good news we need about overall economic recovery. All major asset classes have shown similar growth in 2014 thus far, indicating a “risk-on” market mentality as [...]

[...] ever. In fact, there has never been a time when developed stocks surged, surpassing all other asset classes. There was a period in the late 1990s when there was a strong divergence, but even in those [...]

[...] even the wildest estimates from just five years ago. Yet energy prices continue to climb as global conflict creates uncertainty and the cost of refining keeps prices high on gasoline and heating oil. [...]

[...] growth. Geopolitical The biggest challenge to backfilling the equity asset bubble is global conflict.  Domestic issues are important and bleak, but with enough time and some basic legislation, [...]

[...] enjoyable summer. David B. Matias, CPA Managing Principal Filed under: Market Minute Tagged: Asset Management, Bangkok, Economy, ETF, global, Investing, Investment, Thailand [...]

[...] . Regards, David B. Matias, CPA Managing Principal Filed under: Market Update Tagged: Apple, Asset Management, Bonds, Currency, Debt, economic growth, Economy, employment, energy, global, Investing, [...]

[...] ! Regards, David B. Matias, CPA Managing Principal Filed under: Market Update Tagged: Asset Management, Ben Bernanke, Bernanke, Bonds, Currency, Debt, economic growth, Economy, Investing, [...]

[...] , David B. Matias, CPA Managing Principal Filed under: Market Update Tagged: Afghanistan, Asset Management, Bonds, Emerging Market, Energy Prices, Equities, Inflation, Iraq, Israeli-Palestinian [...]

[...] actions as a country. All the best for an enjoyable fall. Regards, David B. Matias, CPA Managing Principal Filed under: Market Update Tagged: Apple, Asset Management, Bonds, Currency, Debt, economic [...]

[...] us. Best of luck with this winter and the Polar Vortices! Regards, David B. Matias, CPA Managing Principal Filed under: Market Update Tagged: Asset Management, Ben Bernanke, Bernanke, Bonds, Currency, [...]

[...] the business of doing business. All the best for an enjoyable summer. David B. Matias, CPA Managing Principal Filed under: Market Minute Tagged: Asset Management, Bangkok, Economy, ETF, global, [...]

[...] manage the portfolios. It is your job to enjoy the summer. Regards, David B. Matias, CPA Managing Principal Filed under: Market Update Tagged: Afghanistan, Asset Management, Bonds, Emerging Market, [...]

[...] confidence, the general measure of how likely people are going to spend, is back to its long-term average and touching levels not seen since the Great Recession began. Yet, GDP, the measure of [...]

[...] ago (mid-recession), and the economic growth in the US is significantly below the long-term average needed to insulate us from negative shocks. The employment picture is perhaps the [...]

[...] key stocks. Right now, the P/E on the S&P 500 sits around 17x, a good clip above its long-term average of 15x. A simple analysis says that if earnings do grow this year by at least 15%, then the [...]

[...] best for an enjoyable fall. Regards, David B. Matias, CPA Managing Principal Filed under: Market Update Tagged: Apple, Asset Management, Bonds, Currency, Debt, economic growth, Economy, employment, [...]

[...] and the Polar Vortices! Regards, David B. Matias, CPA Managing Principal Filed under: Market Update Tagged: Asset Management, Ben Bernanke, Bernanke, Bonds, Currency, Debt, economic growth, Economy, [...]

[...] job to enjoy the summer. Regards, David B. Matias, CPA Managing Principal Filed under: Market Update Tagged: Afghanistan, Asset Management, Bonds, Emerging Market, Energy Prices, Equities, Inflation, [...]

[...] economic growth to withstand a shock to the system and not enter another recession. The global issues are less predictable, although we seem to have hit a moment of pause.  Despite my wildest [...]

[...] our recovery at home. These conflicts are developing rapidly against a backdrop of pressing global issues that are damaging our ability to grow. From climate change and viral outbreaks to food [...]

[...] . Chart 2: The US stock market over the past 20 years (S&P500) has shown a broad trend of asset inflation followed by steep drops as the economic growth falters. These asset bubbles have been [...]