OverviewThe resurgence of risk appetite over the past month has seen ongoing rotation in the precious metals sector toward more cyclical exposures. Investors have been increasing palladium positions at the same time as a general clearing out of net long…
OverviewThe G20 meeting set the tone for what’s to come this year: emerging markets are getting tired of competitive currency devaluations by developed market central banks and they will likely continue to build gold reserves that may offset potential currency…
“Risk-on” remains the dominant headline among the financial press across asset classes at the beginning of this year while central bank policies around the globe remain loose and fiscal deficit spending continuous. Negative real yields could force investors out of…
Over a decade ago I warned that equities were likely to go sideways for 10-15 years. Not because I anticipated all the headwinds to growth we now face, but because from a starting price-to-earnings (P/E) ratio above 20x, the…
After the European Central Bank (ECB) and the US Federal Reserve Bank (Fed) announced their intent to further support financial markets by using a combination of bond-buying programs and keeping interest rates low, investors are increasingly willing ….
This month: we close out our pair trade based on the Stoxx600 Basic Resources (5% weight) and the EuroStoxx50 SHORT index (5% weight), we replace the Stoxx600 Health Care (5% weight) with ….
Reducing risk when global growth is in question …
This month we buy the Stoxx600 Healthcare index with 5% weight. According to our CROCI team analysis Healthcare is the only deep value sector on a global basis. The Healthcare sector allows investors to buy a much more stable …