A Simple Ratio Worth Watching
Financial analysts often plot the performance of one asset vs. another – they calculate a ratio – when looking for investments with promising potential. One ratio that we have found useful at JAG Capital Management compares the performance of semiconductor equipment firms to semiconductor makers. AMAT is an example of a semiconductor equipment firm while […]
Fixed Income Investors Take Iran War in Stride
The blue line in the chart below shows the drawdown in the S&P 500 from its trailing 12-month high. The red line shows the percent increase in the ratio between the yield on Moody’s BAA bond index and the 10-year Treasury yield from its trailing 12-month low. The ratio sounds complicated, but the interpretation is straightforward. Fixed income investors have often […]