The MercadoLibre Paradox
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Over the past five years, MercadoLibre has grown both revenue and profit dramatically — yet its stock price has gone nowhere. Could this be an opportunity?
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Insights Blog
News, insights and thought leadership from the City Different team.
The MercadoLibre Paradox
What Investing Can Teach Us About March Madness
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We've officially entered my absolute favorite time of the sports calendar year. As millions of others around the country have done this past week, I sat down to fill out my bracket for the annual Van...
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Are Treasuries Still Safe?
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Since April, I've had a lot of conversations about whether Treasuries are still a viable safe haven investment. After “Liberation Day,” 10-year Treasuries sold off by ~50 basis points, creating a...
FIXED INCOME MARKET INSIGHTS 2/21/23
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WEEK ENDING 2/17/2023 Highlights of the week: Where is the recession? Federal Reserve is chasing neutral rate, and the market is catching up. Friday marks one year of the Russia-Ukraine war.
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FIXED INCOME MARKET INSIGHTS 2/13/23
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WEEK ENDING 2/10/2023 Highlights of the week: Chairman Powell stated disinflation “has begun” and added a big “but.” The Greek chorus of Fed officials that spoke in the week following Chairman Powell...
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Idiosyncratic Alpha — Not a Factor Bet
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With a large reversal in factor returns over the last two years, we’re hearing this question a lot: Can active management deliver outperformance that isn’t dependent on systematic factors?
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FIXED INCOME MARKET INSIGHTS 2/6/23
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WEEK ENDING 2/3/2023 Highlights of the week: The Fed raised its targeted short-term rate by 0.25%. Chairman Powell’s message has been consistent since his Jackson Hole speech last summer. Why does...
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FIXED INCOME MARKET INSIGHTS 1/30/23
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WEEK ENDING 1/27/2023 Highlights of the week: This is a big economic week, with a 25-bps rate hike baked in for Wednesday. A complex economic picture makes the Federal Reserve's job extremely...
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Bonds Are Back
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Please fasten your seat belts and return your tray tables to the upright and locked positions — we will be landing soon.
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FIXED INCOME MARKET INSIGHTS 1/23/23
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WEEK ENDING 1/20/2023 Highlights of the week: Except for jobs figures, the latest wave of economic numbers indicate weakness. “Don’t Fight the Fed!” — with a “data dependent” strategy, our durations...
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FIXED INCOME MARKET INSIGHTS 1/16/23
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WEEK ENDING 1/13/2023 Highlights of the week: CPI Edges down for December 2022 Disconnect between the Federal Reserve and Markets view on Inflation February Fed Hike speculated at 25bps
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Lessons From A Helicopter Parent
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Shrewd investors often start out with long-term financial plans designed to meet their future needs — things like saving for college, retirement, etc. But sticking with the long-term plan becomes...
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FIXED INCOME MARKET INSIGHTS 01/09/23
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WEEK ENDING 1/6/2023 Highlights of the week: Happy New Year! 2023 starts with a strong December jobs report. The circus is in town, and that town is Washington, DC.
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The Prospects for Uranium
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Imagine the pollution caused by 100 million additional cars on US roads every year—that's what we avoid by using nuclear power. Nuclear power plant in Germany Photographer: Julian...
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FIXED INCOME MARKET INSIGHTS 12/19/22
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WEEK ENDING 12/16/2022 Highlights of the week: The Fed raises its targeted short-term interest rate by 50 basis points. Many market participants interpret Chairman Powell’s conference as “dovish.”...
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FIXED INCOME MARKET INSIGHTS 12/12
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WEEK ENDING 12/09/2022 Highlights of the week: Which story will the Fed tell the markets next week? "It’s a Wonderful Life” or “The Grinch Who Stole Christmas”? The Fed meets this week for the last...
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Tax Loss Harvesting- A Year Long Process
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As the end of the year approaches, investors are trying to make lemonade (tax loss harvesting) out of lemons (capital losses on investments). Investors ought to keep in mind: when managing a...
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FIXED INCOME MARKET INSIGHTS 12/5
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WEEK ENDING 12/02/2022 Highlights of the week: Latest jobs reports show a resilient labor market. Q4 earnings estimates are finally coming down. Introducing our new acronym, BARB: “Bonds are Back.”
Not All Carbon Offsets Are Created Equal
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Are offsets — a way of balancing out the carbon one emits — our best chance at addressing climate change? Or are they nothing more than indulgences that assuage guilt? The controversy surrounding...
FIXED INCOME MARKET INSIGHTS 11/21
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WEEK ENDING 11/18/2022 Happy Thanksgiving to all our readers. We at City Different Investments (CDI) are very thankful for you and our clients, who continue to trust us with their assets. If you’re...
FIXED INCOME MARKET INSIGHTS 11/14
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WEEK ENDING 11/11/2022 Highlights of the week: October’s Consumer Price Index finally shows that Fed policy is working. China’s opening is inflationary for the United States. Midterms resulted in a...
FIXED INCOME MARKET INSIGHTS 11/07
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WEEK ENDING 11/04/2022 Highlights of the week: The Fed: Slower, Longer, Higher. Whether you look at the JOLTS numbers or Friday’s payroll numbers, the jobs market looks strong. No reason for the Fed...
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Investment Holding Profile: FLEX Ltd.
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Investment Holding Profile: FLEX Ltd. With the Fed making headlines again, it's easy to get caught up in the extreme short-term market volatility. But it’s important to remember that when you buy a...
FIXED INCOME MARKET INSIGHTS 10/31
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WEEK ENDING 10/28/2022 Highlights of the week: The Federal Reserve prepares for a possible 75 bps rate hike this Wednesday. The second biggest event is the nonfarm payroll report this Friday....
FIXED INCOME MARKET INSIGHTS 10/24/22
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WEEK ENDING 10/21/2022 Highlights of the week: Possible volatility and insufferable campaign ads mark run-up to midterm elections. “Alas, poor United Kingdom! We knew it well.” Is a story in The Wall...
Machine Learning
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The financial industry is inherently a data-driven industry. Data streams in via indicators and indices, and traditional financial data flows out as income statements and balance sheets. However,...