Gold Can Gain As A Savage Bear Stalks Stocks by Stephen Pope US equities undermined as shutdown and trade standoff spooks the market This has allowed a recovery in gold prices Shorts have been… [Read More...]
Supersize EM: Obesity Matters for Emerging-Market Investors
Modern lifestyles are closely linked to rising obesity. As emerging markets follow the lead of the US, expanding waistlines could provide a guide to consumption-related investment trends in emerging markets. [Read More...]
Equity v Bond Returns
Charts showing massive divergence are interesting to look at most of the time. And the ‘gap’ chart between US equity and bond returns is no exception. Since the start of 2013, US stocks have realized an average annual return of 14.4% against an average annual return on US Treasuries of just 1.4%. This suggests that while the Federal Reserve has been actively buying up government bonds between 2013 and 2018, at least some of that excess liquidity has found its way into the stock market as well. As a result, the realized risk premium on equities has been more than twice the long-term historical average. So, what about Europe? Here the gap between equities and bonds is far less outspoken. Since 2013, Eurozone stocks have generated an average annual return… [Read More...]
Squawk: Equities surge again A surge higher in global equity averages…
Equities surge again A surge higher in global equity averages on Friday 15th February dismissing the significant corrective setback seen on Thursday (after poor US Retails Sales data and concerns… [Read More...]
Buybacks Are Not Just an Accounting Trick
As if on cue, news of record buyback authorizations earlier this year unleashed a torrent of media coverage denouncing them as nothing more than an accounting sleight of hand. We think the reaction has been pretty extreme. [Read More...]
Squawk: Elliott wave Analysis S&P500 and USDTRY Looking Higher by Gregor…
Elliott wave Analysis S&P500 and USDTRY Looking Higher by Gregor Horvat S&P500 is trading beautifully from the 2786 lows ideally in a five-wave recovery with wave 3 trading near completion. As we… [Read More...]
Putting Recent Active Manager Performance in Context
History suggests that reports of active management’s death are premature. In fact, conditions appear ripe for a comeback, as my colleague Scott Wallace ably explained in a recent article for Institutional Investor.com’s Global Market Thought Leadership blog, attached below. [Read More...]
Squawk: Via HP Customer Service troubleshoot Issues of HP laptop with…
Via HP Customer Service troubleshoot Issues of HP laptop with an ease Are you surrounded by the lots of issues with your HP laptop? Don’t you wish to use your laptop proficiently by removing all the… [Read More...]
China’s Property Market: The Risks for Banks
Despite worries about a collapse in China’s property market, we think the financial system will navigate the coming credit cycle if banks can buy time to resolve loan problems—and receive government support if needed. [Read More...]
Squawk: S&P 500 and USDJPY downside threats into US Employment report…
S&P 500 and USDJPY downside threats into US Employment report Today Friday 5th October sees the release of the September Employment report from the US. Given the recent early October surge to… [Read More...]
Squawk: To fix the paper jam error message on the LCD…
To fix the paper jam error message on the LCD of your brother printer simply pull out the jammed paper. If you still getting the same error message then may be a small piece of paper stuck inside… [Read More...]
SMID-Cap Rally Has More Runway
After the eye-popping outperformance of US small- and mid-cap (SMID) stocks this year, investors are asking why they should buy them now. We say, why not? [Read More...]
Income Investing Takes Homework, Too
Equity-income investing can be highly rewarding, but it is not without its potential pitfalls. The rules of careful stock-picking still apply. [Read More...]
Big Data, Big Opportunity
A “big data” revolution is under way, transforming the volume and nature of data generated throughout the economy. This trend—driven by the data-intensive nature of innovations such as social networking—is highly disruptive to the tech sector, creating fresh challenges and opportunities for investors, as my colleague Chris Toub explains below. [Read More...]
Squawk: WTI is Weakening on Growth & Supply Concerns by Stephen…
WTI is Weakening on Growth & Supply Concerns by Stephen Pope Oil market is focused on weakening growth Sellers are similarly concerned about the high level of production A survey of oil analysts is… [Read More...]
Where is the decline?
The chart above, created by JP Morgan, shows the calendar year returns on the S&P 500 Index and the intra-year drops that occurred during those years. This reveals an interesting picture. The average annual return since 1980 is 8.4%, a number which will likely ring a bell for investors familiar with long-term equity returns. But it is perhaps less well-known that the S&P 500 Index also recorded an average intra-year drop of 13.9%. So, on average, investors have had to deal with a significant decline in stock prices in every year. So far this year, including the current drop in equity futures because of US President Trump’s tweets on increasing tariffs on Chinese imports, the maximum intra-year decline is just 2%. The odds… [Read More...]
Squawk: US equity indices poised for an upside break In recent…
US equity indices poised for an upside break In recent articles this week here we have highlighted the ongoing resilience of European equity markets with both the DAX and DJ Euro STOXX 50 benchmark… [Read More...]
Can Real Estate Stocks Cope with Rising Rates?
After a sharp five-year rally in US real estate stocks, investors are questioning whether they may be vulnerable to a rise in interest rates. Our research suggests that global real estate stocks may be more likely to weather a changing rate environment. [Read More...]
Investing in the Robot Revolution: Part 1
As robots increasingly take over processes currently performed by humans, we believe that an inflection point in manufacturing automation is imminent. Transport and healthcare will quickly follow, with enormous social, economic and hence investment implications. [Read More...]