Michael Valentinas

Michael Valentinas

- 25 years of investment experience - Co-Lead Portfolio Manager – ARI Global Select since 2011 - Founding member of HOLT/Volaris Advantage, Credit Suisse’s first actively managed equity buy/write strategy

Posts by Michael Valentinas

History suggests the post-pause rally is just beginning

History suggests the post-pause rally is just beginning

NOVEMBER 2023 Real rates are restrictive by many measures Real interest rates account for inflation and are often considered restrictive at levels > zero. With the real Fed Funds rate* and yields on inflation protected bonds (TIPS) positive and rising, real rates are indeed restric …

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Is your Dividend Manager a Value Trap?

Is your Dividend Manager a Value Trap?

DECEMBER 2023 TOO MANY MANAGERS CHASE YIELD OVER GROWTH The S&P 500 closed 2023 up 26.3%, but many dividend managers missed the rally. The average U.S. dividend strategy returned 11.5% (net) over the same period, and strategies with 2.5%+ dividend yields (more than half of the uni …

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