
Equity Sector Update: Upgrade Retail
John Tierney
We upgrade the retail sector (XRT) from underweight to market-weight; and add two energy ETFs.
John Tierney
We upgrade the retail sector (XRT) from underweight to market-weight; and add two energy ETFs.
Bilal Hafeez
$-Bloc hike expectations moderated over the past week as inflation expectations pulled back. New Zealand’s two-year OIS swap slid 2.7 standard-deviations (std-dev)...
Bilal Hafeez
Hike expectations are rising across Scandinavia and the $-Bloc. Sweden’s two-year OIS swap jumped +2.7 standard-deviations (std-dev), closely followed by...
Bilal Hafeez
Pleased to have featured on Bloomberg TV yesterday to discuss whether the recent selloffs we have been seeing are justified...
Bilal Hafeez
The US Dollar continued to strengthen, with DXY up 2% on the week. Meanwhile, CNH continued to weaken (-3.1 std-devs over the past week) – Bert suggests remaining short CNY until the PBOC stops the move.
John Tierney
Twitter’s decision to sell itself makes sense if the board knows the ephemeral upside is never going to happen.
John Tierney
KO’s ability to pass on its rising costs, seems to suggest that whatever concerns people may have about inflation, they are still happy to pay up to inflate their waistlines.
Bilal Hafeez
Markets turned more hawkish on $-Bloc Central Banks. Ahead of Australia’s inflation print on Wednesday, markets had begun to price the 3 May meeting...
John Tierney
An industry analytics firm is forecasting a ‘freight recession’ – declining freight volumes for more than two quarters.
Bilal Hafeez
Last week saw a renewed move higher in crude oil as American equities continued to breakdown through the start of 2022’s first earning season. Meanwhile, USD/JPY pushed through 128.0.
John Tierney
We expand our ETF recommendations to include the major sectors of the S&P 500. Full disclosure – investing in 2022 (at least so far) has been primarily about growth versus value, not sectors.
Bilal Hafeez
Last week saw weakness across both fixed income and equity markets as inflation fears persist, and central bank hawkishness is increasingly priced.
Aneet Chachra
Before the New Year, average strategist forecasts for 2022 called for an 8% gain in the S&P 500. But now?
Bilal Hafeez
Enjoyed featuring on CNBC TV today to discuss Elon Musk's stake in Twitter, the reasoning for the stake, and the direction which Twitter may now head in...
Bilal Hafeez
Short-end yields were the biggest vol-adjusted movers of the week. 2Y UST yield led the rise to briefly break 2.5%, its highest rate since early 2019...
Bilal Hafeez
US bond yields have continued to sell off as the Fed looks to become ever more hawkish, Dominique expects a 50bps hike at the May FOMC meeting...
John Tierney
Financials P/E ratios are now about 60% of the S&P 500 versus a historical norm nearer 75-80%. For financials to outperform SPX, this valuation gap must narrow...
Bilal Hafeez
This is an edited transcript of our podcast episode with Andy Constan, published 18 March 2022. He has spent the past 33 years investing...
Henry Occleston
Large real-money investors often target particular asset ratios (e.g., bonds/equities). When one asset greatly outperforms another it may...
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