Aaron Brown

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Just How Unaffordable Is The U.S. Housing Market?

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Americans have been stretching their finances to buy homes since the 1970s, and this time is no different.

Reading Between The Lines Of Morgan Stanley's Mea Culpa

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The attention-grabbing part of strategist reports should be separated from the useful information they are trying to convey.

Nobel Laureate Harry Markowitz Was A Misunderstood Economist

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His Modern Portfolio Theory forced a fundamental change in investing assumptions, but its central insight remains theoretical.

The Stock Market Has Momentum--Maybe Too Much

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Technical indicators often exert outsized influence over investors at times when caution is warranted.

Time Bomb Of Public Pension Funding Ticks Louder

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The aggregate level for state and local plans is below 50%.

Wall Street Quants Shouldn't Confuse Luck With Skill

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When it comes to factor investing, small deviations in the details can make a big difference.

Investors Risk Making A Classic Portfolio Mistake

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The venerable 60/40 allocation is no guarantee of financial success, writes Aaron Brown, but nothing is.

What The Inverted Yield Curve Says About The Next Recession

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The two-year yield is now almost 80 basis points, or 0.8 percentage point, higher than the 10-year yield.

Young Versus Old Will Define Fight Over Public Pensions

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The market rout is exposing the vulnerability of the U.S. public pension system.

The Stock Market Had History On Its Side. Now It Doesn't

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This year may be only the second time since 1873 when buying at the halfway recovery point was a mistake.

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