Posts From Shane Obata

Shane Obata
Shane is an investment Analyst at Richardson GMP Asset Management (Twitter: @ConnectedWealth). His interests include global macro, psychology, history, and politics. Shane recently passed L 3 of the CFA program.
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2017 M&A Activity: Factors, Implications, & Sectors To Watch

This post was written by Craig Basinger of Richardson GMP. In 2015, a new all-time record was set for the dollar value of worldwide mergers and acquisitions (M&A), at an impressive $5.7 trillion. This bested the previous record of $4.9T in 2007 and made the M&A binging late in the…

Study: Unloved Stocks Offer Opportunity For Savvy Investors

This post was written by Craig Basinger of Richardson GMP. Behavioral Finance combines behavioral and cognitive psychology theory with conventional economics and finance. Essentially it attempts to account or add the “human” element into understanding how the markets behave. While still a relative new area, it has garnered a great…

Indexing Bias: Investment Realities And Opportunities

This post was written by Derek Benedet and Craig Basinger of Richardson GMP. Behavioral Finance combines behavioral and cognitive psychology theory with conventional economics and finance. Essentially it attempts to account or add the “human” element into understanding how the markets behave. While still a relative new area, it has…

How The Efficient Market Hypothesis (EMH) Stacks Up Today

This post was written by Chris Kerlow of Richardson GMP.   “Is that a $20 dollar bill lying on the ground?” asks the student “No it can’t be”, answers the professor. “If it were, someone would have picked it up by now.” – Caption from Howard Marks The Most Important Thing…

Study: How Stock Prices React To Corporate Earnings Releases

This post was written by Craig Basinger and Derek Benedet of Richardson GMP. Behavioral Finance combines behavioral and cognitive psychology theory with conventional economics and finance. Essentially it attempts to account or add the “human” element into understanding how the markets behave. While still a relative new area, it has…

S&P 500 Valuations Highest Since 2002… But Does It Matter?

his post was written by Derek Benedet of Richardson GMP. The S&P 500 (INDEXSP:.INX) is now trading at 17.7x consensus estimated earnings for the next 12 months. That is the highest valuation for the S&P since 2002, over 14 years ago. But should we care? In this edition of the…

Weekly Crude Oil Update And Energy Sector Outlook

This post was written by Derek Benedet of Richardson GMP. And it never failed that during the dry years the people forgot about the rich years, and during the wet years they lost all memory of the dry years. – John Steinbeck, East of Eden This quote reminded me of…

Richardson GMP 2017 Market Outlook: Policy “Trumps” Cycle

The following was written by the Richardson GMP Asset Management Team:  Craig Basinger (CIO), James Price (Director), Gareth Watson (Director), Chris Kerlow (PM), Derek Benedet (Analyst), Shane Obata (Analyst), and Joey Mack (Director).   This bull market is like a fine wine that keeps getting better with age. In its eighth…

CHART: Higher Oil Prices Trigger Oil Production Increase

The following was written by the Richardson GMP Asset Management Team. An interesting thing happened this week, total oil production rose for just the third time this year. The +0.68% oil production increase was the largest increase since last October. It’s not all that surprising; it’s simple economics. Higher prices…