Tag - Goldman Sachs

Advice to the Advisors

Sheaff Brock innovation, Dow Jones has potential to hit 50,000, innovation and disruption in 2020s

“20 for 20” Innovation Will Spur a Roarin’ 20s Act II

2020 was not a very good-news year, for either clients or advisors, Sheaff Brock Chief Investment Officer Dave Gilreath concedes. On the other hand, he reminds us, the stock market is a forward-looking animal, and clues indicate rosier times ahead. In fact, there is a very real potential for the Dow Jones Industrial Average to hit 50,000 by the year 2027, Gilreath states. That’s because the decade of the 2020s, like the decade of the 1920s, will be marked [...]

Advice to the Advisors

Sheaff Brock Institutional | Market Movement | Risk and Volatility

Today’s Advisors and Investors Do Not Equate Risk and Volatility

By the 1990s, forty years after Harry Markowitz had introduced his Modern Portfolio Theory, the concept of risk avoidance had gained enormous influence in the world of portfolio management. Computer programs had come into being plotting different investment mixes into an “efficient frontier,” causing many financial professionals to equate risk and volatility. Michael Keppler, then First VP of Commerzbank Capital Markets in New York, viewed this development with concern, questioning Modern Portfolio Theory’s use of volatility as a proxy for [...]