The Independent Market Observer

Peter Essele, CFA®, CAIA, CFP®

Peter Essele, CFA®, CAIA, CFP®, is vice president, investment management and research, at Commonwealth Financial Network®, member FINRA/SIPC, the nation's largest privately held Registered Investment Adviser–independent broker/dealer. With the firm since October 2004, he oversees asset allocation, fund selection, and overall management of the firm's discretionary platform, Preferred Portfolio Services® (PPS) Select. Peter graduated from Union College, where he earned a BS in economics. In addition to holding FINRA Series 7, 24, 31, 53, and 66 securities registrations, Peter has the CAIA and CFP® designations and is a CFA® charterholder. He is also a member of the Boston Security Analysts Society.

Recent Posts

What Consumer Debt Levels Say About the Business Cycle

August 30, 2017

Today’s post is from Peter Essele, a manager on Commonwealth’s Investment Management and Research team.

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Has Market Complacency Reached a Peak?

May 25, 2017

Brad here. Today’s post is from Peter Essele, one of Commonwealth’s senior portfolio managers on the Preferred Portfolio Services® Select platform. Peter has written here before about a number of investment issues. I think you will find his take on where markets are right now—with special attention to the VIX, which has been in the news a lot of late—is both timely and potentially important. Over to you, Pete.

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Floating-Rate Strategies: You Might Not Get What You Want

December 8, 2016

My colleague and friend Peter Essele, portfolio manager here at Commonwealth, has again put together an interesting piece highlighting the gap that often exists between what investors expect and what the market gives them. Although it’s a bit technical, the point is very important given recent moves in interest rates and the ongoing search for yield by many investors.

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The Trouble with “Low-Volatility” Strategies, Part II

November 16, 2016

Brad here. Back in August, Peter Essele, a lead portfolio manager at Commonwealth, wrote a very timely piece on the risks involved with low-volatility strategies. When we were talking the other day, he suggested writing a follow-up on that—and given what has happened since his original post, I agreed it was a great idea.

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The Trouble with “Low-Volatility” Strategies

August 17, 2016

Today’s post is by guest contributor Peter Essele, a portfolio manager on Commonwealth’s Preferred Portfolio Services® Select platform.

"Does the high level of fund flows into the most popular indices make them perform better simply due to supply/demand 101?"

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The Market’s New Year’s Resolution

February 10, 2016

Today’s post comes from guest contributor Peter Essele, a portfolio manager on Commonwealth’s Preferred Portfolio Services® Select platform.

Like many of us, the equity markets have started 2016 with a New Year’s resolution: get in shape.

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Where Does the U.S. Dollar Go from Here?

December 23, 2015

As many of you know, one of the most popular trades for investors in 2015 was a hedging of the U.S. dollar for international exposures—the overriding assumption being that the dollar would continue to increase following a hike in interest rates. 

The reasoning behind this is that higher interest rates, coupled with an expanding economy, should attract foreign capital to the U.S., resulting in a demand for dollars relative to other currencies. Further, an imbalance of supply and demand should result in an increase in the value of the dollar, which would detract from the returns offered by international investments for a domestic investor. The simple solution, therefore, is to hedge all international exposures in an effort to avoid the translation losses from foreign currencies back to the dollar in an environment where the dollar is appreciating.

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