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 | 23 March 2019

● The Knowledge Economy By Roberto Mangabeira UngerSummary via publisher (Verso) Adam Smith and Karl Marx recognized that the best way to understand the economy is to study the most advanced practice of production. Today that practice is no longer...

How Does The Stock Market’s Recovery Compare With History?

The sharp rebound in the US stock market this year has cast doubts on various calls by models and pundits that a bear market started in the late-2018 plunge. But the rally hasn’t deterred bond manager Jeffrey Gundlach: the DoubleLine Capital CEO d...

Macro Briefing: 22 March 2019

Trump: US should recognize ‘Israel’s Sovereignty over the Golan Heights’: CNNUS officials downplay odds for a quick trade deal with China: BloombergEU offers UK an extra 2 weeks to avoid a hard Brexit: BloombergEurozone mfg downturn deepens in...

Dovish Fed Keeps US Bond Rally Bubbling

The Federal Reserve on Wednesday provided the bond bulls with a fresh round of news to keep this year’s fixed-income rally running. As expected, the central bank left interest rates unchanged. As an added bonus for fixed-income markets, the Fed al...

Macro Briefing: 21 March 2019

No sign of imminent US-China trade deal, according to Trump: BloombergMidwestern farmers facing widespread devastation after record floods: ReutersFederal judge blocks oil and gas drilling in Wyoming, citing climate change: NBCFed keeps rates unchan...