EXCELSIOR Financial Editorial – july 2021

A new risk factor for markets: Equity markets have been hitting all time highs lately but the imminent debt ceiling is an event that could pose a threat to the market in the near term. U.S. stocks keep shaking off any potential bad news to keep driving higher on the...

EXCELSIOR Financial Editorial – june 2021

Inflation concerns: Is inflation here to stay or only transitional?  As several gauges around the world show a surge in prices the question of higher inflation for longer is back on the table.  A worldwide and coordinated effort by central banks to inject liquidity...

EXCELSIOR Financial Editorial – may 2021

Interest rate scare If there is one thing that can put a dent to the bull market it is the specter of rising rates in these ultra-loose financial conditions.  While the Dow Jones and S&P 500 have hit new highs in recent weeks, the idea that the Fed could increase...

EXCELSIOR Financial Editorial – april 2021

Bad year for hedge funds It was only two months ago that we wrote about hedge funds suffering big losses after markets when against their leveraged bets.  Well, it has happened again and the losses this time have led to a huge destruction of wealth. Last week Archegos...

EXCELSIOR Financial Editorial – march 2021

Time for value stocks to shine? Will the long running story finally come true?  Will value stocks outperform growth stocks this year and beyond?  After underperforming growth for most of the last 15 years, value stocks have outperformed growth stocks so far this...