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

Fed Expected To Lift Rates Next Month, But A Pause May Follow

Economic headwinds may lead to a pause in 2019 for the Federal Reserve’s plans to raise interest rates, the central bank’s chairman said earlier this week. But Jerome Powell outlined a mostly positive view of the US economy and market sentiment ...

Macro Briefing: 16 November 2018

North Korea tests ‘high-tech’ weapon: CNNFlorida’s US Senate race headed for manual recount: ReutersBrexit deal triggers political crisis; UK Prime Minister fights for survival: ReutersS. East Asia may be forced to choose between US and China:...

Commodities Continue To Dominate Deep-Value ETF Ranking

The slide in global markets in recent weeks has cut prices near and far, but the steepest declines for the trailing five-year return – a proxy for the value factor – are still linked with the dive in commodities. That was true for the deep-value...

Macro Briefing: 15 November 2018

Death toll rises to 56 in Northern California’s fire: NBCLiability costs from California fires threaten electric utility PG&E: CNNChina outlines trade concessions to US ahead of G20 meeting: BloombergTwo UK ministers quit after May announces cabin...

Behavioral Risk Is Highest In The Early Years Of A New Investment

It’s old news that managing expectations is usually the main challenge in finding success with an investment strategy. To paraphrase Pogo in the quest to earn a respectable return through time, we’ve met the enemy of prudent behavior and he is u...