Latest Blog: Two (Percent) is a Sad Num... - 09/21/2020
Investment Insights are written by Angeles' CIO Michael Rosen
Michael has more than 30 years experience as an institutional portfolio manager, investment strategist, trader and academic.
US MANUFACTURINGPublished: 11-04-2014
Wow. The good people at the Institute for Supply Management survey American manufacturers every month and ask, “how’s business?” They then create a diffusion index based on those responses: a scale from 0 to 100, where 0 is no one says business is improving and 100 is everyone says it’s getting better. So 50 means it’s evenly split. Historically, 60 has represented a high mark, 40 a low mark, although there have been occasions beyond this range.
The October index jumped to 59, and the new orders index rose to nearly 66. The strong reading translates to a real GDP growth rate of 5.2%. That may be a bit high, but here we have another datum that the US economy is picking up steam.
Consider:Volatility spiked to its highest level in over 2 years.Global equities are in negative territory this year, led ...READ MORE
Fireside Reading 12-18-2019
To sit near a warm fire in a comfortable chair on a cold night is one of life's pleasures that I hope you will be able ...READ MORE
Hot Bidding 07-27-2015
The housing recovery, from its worst downturn since at least the 1930s, has been steady, but much less robust than most ...READ MORE
We build portfolios of best-in-class investment managers across all asset classes. If you would like to be considered for our portfolios, please contact us using our manager inquiries form.
- MANAGER INQUIRIES
How Can We Help You?Institutional Investors
Fully resourced investment office built to manage sophisticated client investment programsPrivate Wealth
Personalized discretionary portfolio and wealth management services powered by institutional processInvestment Management
Rigorous process and a flexible platform designed to meet client needsArticles & Insights
Latest insights and perspectives from the Angeles teamContact Us
Get in touch