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

China’s Stock Market No Longer Leading 2019 Global Equity Rally

Chinese equities have, for much of this year, led this year’s broad-based rise in global stocks. But then the Trump administration decided to play hardball this month on trade—a decision that’s reshuffled year-to-date leadership for equities, ...

Macro Briefing: 22 May 2019

US: Syria may be using chemical weapons again: ReutersPressure on House Speaker rises to begin Trump impeachment: The HillSt. Louis Fed Chief lays out case for cutting rates: WSJUS considers blacklisting several Chinese tech firms: BloombergChina’...

US Business Cycle Risk Report | 21 May 2019

Recent economic data is clouding the outlook for the US macro trend. Although a recession hasn’t started and isn’t likely to begin in the immediate future, several key indicators suggest that output is slowing and so uncertainty is rising for th...

Macro Briefing: 21 May 2019

Federal judge rules Trump must give financial records to House: FoxHouse Dem leaders spar on whether to move forward with impeachment: The HillIran dramatically increases production of uranium: ReutersUS slows hiring of Chinese nationals for semicon...

Emerging Market Stocks Were Clobbered Last Week… Again

For a second week in a row, equities in emerging markets took a beating, posting the deepest setback for the major asset classes, based on a set of exchange-traded funds for the trading week through Friday, May 17. Vanguard FTSE Emerging Markets (VW...