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Risk Rally in November
The SPI rose by 8.41% in November, the best November performance since the index has been calculated and the highest monthly performance since the end of the financial crisis (June 2009). The SPI thus lagged behind the MSCI World Index of 11.45% in Swiss francs.
Zombie-Bonds
For some months now, the familiar Fallen Angels (see our blog of Nov. 12) have been pushed out of the headlines in the capital markets by the more fearsome Zombies. Zombie companies are characterized by the fact that they cannot die.
Emerging Market Equities (EMMA) or Asia+ ?
Skeptics often talk about investing in emerging markets as nothing more than an Asia-plus strategy, since Asia makes up 80% of the index. As is all too often the case in media financial discourse, opinions are quickly expressed; this says nothing at all about the substance of the content.
Opportunities with Fallen Angels in the Current Bond Market
The awareness of the extent and characteristics of this crisis came late for many. The decline in sales of many companies was not 10% or 20% as in a normal recession, but collapsed to 30% or in extreme cases to 0% during the lockdown. The financial markets reacted violently.
Severe correction in the Nasdaq 100: That's good!
The sell-off in the highest-capitalization technology stocks from early September sent the Nasdaq 100 Index down 5.2% for the day and the less technology-heavy S&P 500 Index down 3.5% as well.
Multifactor stock forecast: Update
A good four months ago, we reported on our country/region equity multi-factor model and its equity market forecasts. As a reminder, based on a factor-based methodology, the model ranks countries or regions.
With (investment) style through the crisis
Our preferred approach to asset management is to apply scientific evidence. We try to be as objective and fact-based as possible to optimize the likelihood of success of our investment activities for clients.
Elk test for financial planning
Will stock levels continue to fall - even after the current recovery? Maybe, but you should still leave your investments alone.
Equity earnings performance Europe vs. USA
The annual results of Apple, Microsoft or Amazon have positively surprised investors and the good results were also immediately acknowledged with new high prices. Not only these flagships of the US technology companies rush from record to record, but also the entire US stock market is happy about new highs of the indices such as the S&P 500 or the MSCI USA.
US equities in competition with the rest of the world
U.S. stocks hit a relative high last week compared to the rest of the world. EPositive earnings outlook of American blue-chip tech companies and a Corona virus-induced exodus from Asian stocks, were major contributors. The S&P 500 index is up 3% this year despite recent weakness, while the rest of the world is up between 1% and 2%.
Objective stock market forecast
Which regions or markets will generate the highest returns in 2020?