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Crow Point Partners Blog

Welcome to Crow Point’s blog page. This is our opportunity to comment on a range of financial and general investing topics including market activity, interesting trends or data points. This is also where we will challenge commonly held investing shibboleths with hard data – myth-busting as we call it. We hope you enjoy it and we welcome your feedback.

About Peter DeCaprio

Large vs Small Cap Divergences

For those of us that run asset allocation strategies, being in the right place at the right time is, obviously, everything.  Indeed, a foundation of risk parity strategies is that asset class performance stays within historical bands.  Divergences...

September 9, 2019 / by Peter DeCaprio

You Can’t Hide Your Lyin’ Eyes

Our friend John Roque, one of Wall Street’s great technicians, often talks to us about the importance of visual affirmation.  Let pictures talk.  He is speaking of the importance of perspective in analysis and not losing sight of it.

February 20, 2019 / by Peter DeCaprio

Looney Toons Stock Market

A trusted friend noted to us the other day the market is acting like the economy ran straight into a brick wall with no skid marks.  His point, while funny, is well taken.  Something is amiss as the data is in serious conflict.  The economic...

December 26, 2018 / by Peter DeCaprio

There's More to The Market Than FAANG

We are at the point in the calendar when the “mid-year market overviews” start to appear, fast and furiously.  The theme this year has been how dominant FAANG stocks (Facebook, Amazon, Apple, Netflix and Google) have been in S&P 500 returns...

June 19, 2018 / by Peter DeCaprio

Two Tankers, a Nuclear Button, and You

Our posting has been sporadic lately as new business initiatives have kept us away from the keyboard. Distractions we will happily endure, so no complaints. But, in our four months away, we’ve found that

January 16, 2018 / by Peter DeCaprio

Earnings Quality and the Market – Things That Make You go “HMMM.”

Our friend and partner Charles Trafton of FlowPoint Capital recently pointed out to us some very interesting data: right now growth rates for 2017 EPS are higher for value stocks than growth stocks. He also notes, ironically, that there is no manual...

October 7, 2017 / by Peter DeCaprio

The Problems With ETF’S, Part II: Junk In The Trunk

We write a lot about return dispersion with respect to stocks – the phenomenon whereby stocks either all move together, or begin to act distinctly. Dispersion comes and goes; when it disappears, like it did eight years ago, passive investing makes a...

June 26, 2017 / by Peter DeCaprio

Sound Public Policy Never Hurts

This week, Paul Ryan held a press conference to highlight tax reform initiatives. It didn’t get nearly the attention it deserved. But then, tax policy in general rarely gets the attention it deserves (more on that later). You know what also never...

June 22, 2017 / by Peter DeCaprio

The Problems With ETF’S, Part I: What You Don't Know Can Kill You

In the past few weeks, we have teased a few thoughts on the issues we see in ETF’s. This week, we’re going to start a series called “The Problems in Your ETF.” Today’s post centers again on the levered ETF’s.

June 6, 2017 / by Peter DeCaprio

Cape Fear?

Should we be worried about CAPE, the popular Shiller Cyclically Adjusted Price Earnings ratio? Experts tell us it is trading at exceedingly high levels and, the experts also say, those high levels portend poor stock returns, according to CAPE. We’ve...

June 2, 2017 / by Peter DeCaprio
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