The Capital Spectator

CapitalSpectator.com is a finance/investment/economics blog that’s edited by James Picerno. The site’s focus is macroeconomics, the business cycle and portfolio strategy (with an emphasis on asset allocation and related analytics). In late-2009, the Eastern Economics Journal named Picerno as one of the nation’s “top economics bloggers”. Picerno is the author of Dynamic Asset Allocation: Modern Portfolio Theory Updated for the Smart Investor (Bloomberg Press, 2010) and Nowcasting The Business Cycle: A Practical Guide For Spotting Business Cycle Peaks (Beta Publishing, 2014). His articles on finance and economics have appeared in a variety of publications and news outlets over the years, including The Atlantic, Financial Advisor, BankRate.com, HorsesMouth.com, and Bloomberg Briefs: Economics. He also pens a daily economics column for the Saxo Group’s TradingFloor.com web site. Picerno has been writing about investing and macroeconomics since the early 1990s at Bloomberg, Dow Jones and other media groups before becoming an independent writer/analyst in 2008. He also offers consulting services on asset allocation and portfolio strategy, the US business cycle, and related data analytics in R and Excel.

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Authors

Awards & Publications

Books: Dynamic Asset Allocation: Modern Portfolio Theory Updated for the Smart Investor (Bloomberg Press, 2010) Nowcasting The Business Cycle: A Practical Guide For Spotting Business Cycle Peaks (Beta Publishing, 2014)

Latest Articles

Book Bits | 19 January 2019

● The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power By Shoshana ZuboffReview via Los Angeles Review of Books Silicon Valley’s Phoenix-like resurrection is a story of ingenuity and initiative. It is als...

US Business Cycle Risk Report | 18 January 2019

The odds are still low that a new US recession has started, but economic momentum continues to slow. The headwinds remain moderate so far, but the potential for trouble later in the year is rising, in part due to the partial government shutdown. US ...

Macro Briefing: 18 January 2019

Trump blocks Pelosi’s overseas trip, citing gov’t shutdown: WSJTrump-Pelosi feud dims prospects for quick end to gov’t shutdown: BloombergKey dates to watch for monitoring partial gov’t shutdown: CNBCN. Korea and US planning to discuss possi...

Will Shutdown Risk End This Year’s Equity Sector Rallies?

The partial government shutdown could be a slow-moving train wreck for the US economy, but for the moment the crowd’s inclined to reprice the major equity sectors higher in the new year following 2018’s haircut. With the exception of utilities, ...

Macro Briefing: 17 January 2019

Pelosi urges Trump to delay State of the Union address: WSJUK’s May survives no-confidence vote: BBCJack Bogle, who launched index fund revolution, dies at age 89: CNBCISIS attack on US forces in Syria refocuses attention on US withdrawal: CNBCUS ...