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Tag: chart of the month
Chart of the Month – Something wrong? Eat chocolate.
Something wrong? Eat chocolate. The month of May has come with its various news, we experienced the first month in negative territory since December 2018. We had however started the year well with four consecutive positive months. May brings some questions to investors: Should I sell? Do I have to…
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Chart of the Month – Sell in May and go away? or Hedge a quarter and sleep better?
Sell in May and go away? or Hedge a quarter and sleep better? It was an extraordinary time to hedge a portfolio (or take profit) in November 2017 when the ratio S&P 500 PE/VIX reached 1.80 and was close to 3 standard deviation away from its mean (refer to our…
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Chart of the Month – Emerging Makets FX Feels Woes From Trade
Emerging Markets FX Feels Woes From Trade The FED and the ECB have both recently turned more dovish, US 10Y yield is lower compared to the beginning of the year and is also well off its 2018 peak, China is expected to stabilise growth thanks to recently announced fiscal and…
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Chart of the Month – European Financials: banking on the right stuff
European Financials: banking on the right stuff The whole financial sector in Europe has quite often been qualified as a disaster for equity investors since the GFC. It’s been now almost 10 years since the market bottomed in 2009, and an investor in European financial stocks during these 10 years…
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Chart of the Month – How to assess the risk of an equity portfolio today?
How to assess the risk of an equity portfolio today? Calculating the beta has traditionally been a good way to assess the risk associated to a stock in a portfolio. The beta measures the sensitivity of the stock price to a market index. The higher the beta, the higher the…
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Chart of the Month – 2018: No place to hide to make money. 2019: Typically, reversion.
2018: No place to hide to make money. 2019: Typically, reversion. During 2018, all major asset classes delivered negative returns as can be seen above. EQUITIES 2018: Starting valuations were very demanding. During the year, equity investors were scared by the coming slowdown (some even talk about recession), the US-China…
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Chart of the Month – Money for Nothing – and Your Debt (almost) for Free
Money for Nothing - and Your Debt (almost) for Free Most of our readers will be old enough to remember the hit single “Money for Nothing” that topped the US charts for three consecutive weeks and won MTV’s video of the year in 1985. Who would have thought that 25…
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Chart of the Month – Something hits the Faanmg?
Something hits the Faanmg*? In the recent market correction, the famous Faanmg have, on average, been hit quite hard, especially when taking into consideration the intrinsic quality of these stocks. Remember, many observers pointed out that these stocks were the main driving force behind the good performance of the US…
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Chart of the Month – How far can the divergence go?
How far can the divergence go? The difficulties of emerging markets Emerging markets (“EM”) have suffered since the beginning of the year. It is difficult to consider emerging markets as one entity as China has become such a large stand-alone economy and market related issues arise each year in specific…
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