ETON Advisors Newsletter - Outlook, October 2017

You may have heard recently that the 2017 Nobel Prize in economics was awarded to University of Chicago professor Richard Thaler for his pioneering work in behavioral economics…a field concerning itself with human nature and the application of psychology to personal economic decisions and choices.

Some may recognize Thaler as the author of a popular book published back in 2008 entitled Nudge and a few may remember his cameo...

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ETON Advisors Newsletter - Review October 2017

Global equity markets continued to deliver positive performance in the Third Quarter of 2017. Large cap U.S. equities returned +4.5% in Q3, while their small cap counterparts posted a return of +5.7%. Outside the U.S., the MSCI EAFE index of developed markets equities was up +5.4% and the MSCI Emerging Markets index returned +7.9% for the quarter.

Truly, stocks have had an incredible run during a period otherwise marked by significant political turmoil,...

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ETON Advisors Newsletter - Outlook, July 2017

Any forecast or prognostication about future economic or market conditions should start by defining whether it is short-term or long-term in nature. In the current environment, that choice of time horizon makes a rather dramatic difference in how rosy or dreary the picture appears.

The short-term view—defined subjectively as the market's expectations for the next year or so as evidenced by current market prices—suggests moderately attractive U.S. economic growth,...

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