Author Archives
ECNFIN.COM is run by Ivan V. Sichkar and is intended for informational purposes only, to exchange ideas and to collaborate with fellow economists and investment professionals. It is not intended to give any advice, but to express an opinion only.
Ivan V. Sichkar is passionate about finance and economics, fascinated about emerging markets, and a strong believer in value investing. He graduated with Master of Arts in Economics from the University of Denver; has a Bachelor Degree in Economics from Idaho State University, and Bachelor Degree in International Economics from Kiev National Economics University in Ukraine. Ivan has ten + years of work experience at the money management firm and professional designations: CFA charter and FRM designation.
Ivan is giving back to the community by volunteering as Vice President for CFA Society Colorado; prior he volunteered as Chair of CFA Society Colorado Advocacy Council where he advocated for CFA members by expanding our presence in the financial, governmental and academic communities for the purpose of improving standards of investment industry. Also, he helps to organize CFA Institute Research Challenge for universities in Colorado and Wyoming. Ivan is Director of Global Association of Risk Professionals (GARP) Denver Chapter where he helps to organize meetings with presentations by risk professionals.
He is fluent in Ukrainian, Russian, and English. Currently, he is learning Spanish. His hobbies include snowboarding, tennis, working out, hiking, and traveling.
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Chinese Economy Effect on the US Stock Market
How much influence does the Chinese economy has on the US stock market? Coronavirus has closed Chinese borders and air connections with the US and many other countries earlier this year. It is still unclear how long this quarantine will… Read More ›
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Forecasting the Future Standard & Poor’s 500 Index Return for the Year-End 2020
This is my eighth annual forecast of the S&P 500 Index return for the year. It is based on the simple linear regression model. The model uses Gross Domestic Product (GDP) as explanatory variable to the performance of the S&P… Read More ›
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Yield Curve Reaction to the Fed’s Interest Rate Decision
The Fed and its monetary policy have effect on the entire yield curve; the economy and the stock market. By the decision to cut federal funds rate, the Fed signals increased risk of economic slowdown and lower inflation. Investors rush to safety and buy long-term treasury bonds. The entire yield curve shifts down. Lower interest rates are very beneficial to homeowners, consumers, businesses, overall economy and the stock market.
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Forecasting the Future Standard & Poor’s 500 Index for the Year-End 2019
Year 2019 could be a very good year for investors. The forecast model predicts the SP 500 Index to closed between 2,891 and 2,906 at the end of the year 2019. This represents the return between 15.36% and 15.96% for the year 2019. If this forecast is correct, the year 2019 could be a very good year for investors.
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Should you Buy or should you Rent a House?
There are many reasons for owning a home, but making money on your real estate purchase should not be your main reason to buy. In some cases, owning a home can be more expensive than renting one. Owning a home… Read More ›
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Diversification Benefits of Gold, Oil and the US Treasuries to the S&P500 Index during the Economic Business Cycle
Gold, Oil, and the US Treasuries provide different diversification benefits when combined with the S&P500 Index. Correlation of Gold prices to the stock market remains low in Bull and Bear markets. Gold provides consistent diversification benefit to the stock portfolio…. Read More ›
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Structural Wage Stagnation Causes Economic Weakness
The US economy has a structural wage stagnation. For the last 34 years, wages have been growing at the effective real annual rate of 0.51%. Consumers who rely on salary alone, cannot increase discretionary spending too much. As discretionary spending declines, economic growth will slow down. This creates a risk for the next economic recession.
