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

Macro Briefing | 18 October 2019

Turkey agrees to temporarily halt military operations in Syria: WSJUK Parliament expected to reject Johnson’s new Brexit deal on Saturday: CNBCChina’s Q3 annual economic growth slows to 6.0%–lowest in decades: CNBCA variety of financial risks ...

Is Your Investment Strategy Making Unintentional Factor Bets?

Factor investing has become a core part of the investment zeitgeist over the last decade or so, but as a practical matter investors sometimes have a hard time exploiting these risk factors in portfolios. That’s the conclusion of a recent study by ...

Macro Briefing | 17 October 2019

House passes broadly supported resolution rebuking Trump over Syria: The HillNorthern Irish party casts doubt over possible Brexit deal: ReutersChina’s commerce ministry hopes to reach trade deal soon with US: ReutersFed’s Beige Book reports “...

US Bond Market’s Resilience Shines On

The long-running bull market in bonds continues to defy bearish forecasts, as shown by a set of exchange-traded funds. Positive year-to-date performance in all the major corners of fixed income continues to offer a stark counterpoint to analysts who...

Macro Briefing | 16 October 2019

Warren is focus of attacks at Democratic debate: CNBCVP Pence, Sec. of State Pompeo in Turkey today to push for Syrian ceasefire: FoxUS indicts Turkey’s 2nd-largest bank on evading Iran sanctions: NY TimesChina criticizes House bill that focuses o...