Credit spreads continue to hover around “all-time tights,” so be aware of the relative and absolute valuation within the corporate bond space. The S&P 500 earnings yield ended last week at 4.32% and ...

Absolute value equations (AVEs), characterised by the inclusion of absolute value functions in the variables, present inherently non‐smooth and computationally challenging problems that are often ...

As they age, bull markets often find investor confidence increasing while valuation excesses remain hidden, but these excesses and related risks can quickly grow too large to ignore. Overall, we see ...