"Small/mid-cap stocks recover more slowly from bear markets than large-caps, but at present economic factors are more favorable. Although they have already outperformed since 2009, we estimate they have another 14 percent of upside left that will boost their returns this year."
Equity-Market Outlook – 4/12 |
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~ R. David Ranson, President
and Director of Research
H.C. Wainwright & Co. Economics
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Play a brief audio introduction
from R. David Ranson, President and Director of Research.
Approximate runtime 3 minutes after download - broadband recommended.
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 Gold is for Real Wealth Preservation—Not Speculation
This insightful 60-minute webinar was presented March 8, 2011 by David Ranson in association with Bullion Management Group Inc. The webinar reveals little-known facts about the relationship of gold price to inflation and includes investment recommendations for the use of gold to minimize the impact of inflation on a portfolio. Replay the webinar or Open a PDF summary.
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Wainwright's Monthly Client Conference Call
Each month Wainwright conducts a monthly Client Conference Call with David Ranson, John Tamny and, on occasion, guest speakers. The conference calls feature an up-to-the-minute recap of our most recent research findings as well as the opportunity for clients and invitees to get an immediate response to pressing questions. The call routinely takes place at 8:00 am PST on the first Thursday of the month and lasts approximately 30 minutes.
If you are already a client, please join us by logging in to the Conference Call page prior to the next call and following the instructions for participation. If you are not a client and are interested in becoming one, fill out a signup form and request a guest invitation to the next scheduled event.
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Publication Highlights as of May 1, 2012
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Get the stories behind the headlines here! |
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 The Capitalist Perspective |
| A gold-based currency board, please by Stephen H. Hanke |
| The depreciation malady from which the US dollar suffers could be arrested by a single act: the creation of an orthodox gold-based currency board. Steve Hanke provides the recipe. Read The Capitalist Perspective now without charge. [ Read ] |
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Interest-Rate Outlook |
| Monetary policy has morphed into monetary repression |
| The federal government is highly unlikely to reduce its indebtedness in a straight forward or transparent manner. Financial repression is a likelier and more harmful alternative. The monetary component of financial repression is already in full swing. |
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Equity-Market Outlook |
| Plunges, rebounds and upside potential in the small/mid-cap market |
| Small/mid-cap stocks recover more slowly from bear markets than large-caps, but at present economic factors are more favorable. Although they have already outperformed since 2009, we estimate they have another 14 percent of upside left that will boost their returns this year. |
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Strategic Asset Selector |
| Estimating the stock market's "near-term upside" |
| The stock market is a potent source of information for recognizing whether and how much it is under-valued at any given time. |
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Economy Watch |
| The Ryan and Obama budgets: framing the 2012 election by Peter J. Ferrara |
| The two parties' long-range plans for the federal budget are polar opposites. That's because there are no entitlement reforms in President Obama's calculations. |
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Fixed-Income Barometer |
| Highlights: |
| Markets are pricing hardly any change in interest rates in the year to come. |
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Economic Barometer |
| Highlights: |
| Markets perceive no serious threat to world growth, and we expect the US economy's performance to remain sub-par. The prices of oil and other commodities are likely to continue rising. |
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Equity-Market Barometer |
| Highlights: |
| The S&P index continues to demonstrate its inability to rise above the high it reached shortly before the 2008-9 recession. Given the multitude of economic risks around the world, this is not the right time to be fully invested. |
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International Barometer |
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Foreign-exchange Value of the Dollar: Uncertain relative to the euro; declining relative to most major currencies over the next couple of years.
Equity Markets:
Most favored - Argentina
Least favored - Hong Kong
Bond Markets:
Most favored - U.S.
Least favored - U.K.
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Get the stories behind the headlines here! |
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