Third Quarter 2017 Insight

The U.S. stock market continued to fly high in the third quarter. However, similar to 1999, the current market value of the S&P 500 appears to have far outpaced its fair value. As a result, we believe U.S. equities have become less attractive and are priced to generate low returns going forward. more >
Aspiriant Second Quarter Insight Banner

Second Quarter 2017 Insight

The long-term growth rate of the U.S. economy charts the flight path of equity values. Our newest Insight highlights the factors, or the fuel, affecting economic growth. more >
ASpiriant's Investment Strategy

First Quarter 2017 Insight

Like coaches, portfolio managers must have a well-conceived game plan. Aspiriant’s game plan is grounded upon one basic investment concept: return on investment. At a time when we don’t see many good investment opportunities, taking a defensive posture appears to be the best overall strategy. more >

First Quarter Market Perspective
Apr. 2015

With investors seemingly oscillating between optimism and pessimism and greed and fear, the first quarter of 2015 followed suit with the third and fourth quarters of 2014. more >

Preparing for Stormy Seas
Dec. 2014

The last 5 ½ years have been an extraordinary time to be an investor. Rebounding off of lows in early 2009, global equity markets have delivered very strong returns… more >

Capital Market Expectation
Dec. 2014

Aspiriant’s investment team constantly performs research, creates tools and implements processes in an ongoing effort to improve our investment platform. more >

Second Quarter Market Perspective
Aug. 2014

After taking a breather in first quarter, financial markets resumed their torrid pace during the second quarter of 2014 with prices for all financial assets moving broadly higher. more >

Third Quarter Market Perspective
Oct. 2013

Over the last three months, the Eurozone economy edged out of its recession, the Federal Reserve slowed down its plans for tapering its economic support, and US economic growth continued... more >

First Quarter Market Perspective
April 2013

Amid improved expectations for economic growth and employment, global equity markets continued to rally, with U.S. markets outperforming the rest of the world in Q1 of 2013. more >

Looking Back, Looking Forward

Market-based interest rates have floated upward despite continued guidance that policy-based interest rates will remain steady for several years. more >