Will Rising Interest Rates Impact Fixed Income?
Here what Jim and Scott have to say.
CM Energy Industry Update - December 2016
Jim and Scott provide an update to Century Management's thoughts on the energy markets.
CM Update: The Fed's Cautious Approach and Our Portfolios
Federal Reserve Chair Janet Yellen's most recent statements suggest that the federal funds rate could increase this year. Should this occur, we believe it will be modest and have little impact on the long-term values of our various portfolios.
Talks at Google
Watch Arnold share his experiential wisdom on value investing.
CM's Perspective on the Brexit Vote
For the U.S. economy, we believe the largest impact of the UK leaving the EU, at least in the short run, is the strengthening of the U.S. dollar. An increase in the value of the U.S. dollar could lead to tighter financial conditions, though we don’t believe this will be enough to push the U.S. into a recession.
CM Outlook for Oil - January 2016
By year’s end and into 2017, we expect the world will face an undersupply of oil and tighter inventory with little to no spare capacity. This in turn should drive oil prices higher. Our best estimate is that the price of oil ends the year close to $70. With a 90% correlation between the oil service index and the price of oil, we believe, under this scenario, energy stocks will outperform many sectors of the market in 2016 and even more so in 2017.