Over the last 20 years, Amazon has taught us to buy everything on the web. At least in urban areas like mine, we are close to realizing the dream of a retail environment that consists entirely of storefronts selling food and beverages, while delivery trucks whiz back and forth before diners beneath umbrellas. But is Amazon content with this …

Global growth is weak, and will be eroded further by Brexit. Oil prices are low, and likely to plunge further. The world has excess capacity and a wage-depressing labor surplus. Corporate profits are shaky. And deflation is laying bare the impotence of central banks. So where would you logically expect financial markets to be going, given that economic, financial and …

  The stock market of the late 1990s is remembered mostly for high-flying dotcom equities that eventually crashed back to earth. Yet, from a money flows standpoint, the bigger imbalance of that era was that large-cap stocks fetched very high valuations relative to small cap stocks. This market opportunity was exploited by hedge funds, leading to a decade of outperformance …