In this post I explain major drivers for both the global markets and our Global Leaders Portfolio (GLP) for November 2020. Then I move on to a short reminder of how we’re going to proceed once we enter the new phase of the economic cycle once it comes and how the nature of the portfolio…
This week was Thanksgiving week for US markets. Activity was somewhat subdue because of that around mid-week. But in general equities did just well, unlike safe havens like Gold. The risk is on. After last’ weeks consolidation at or just above all-time highs for the equities, this week indices started marching higher. Old economy stocks…
The market has mostly consolidated at around its all-time highs this week. The range was narrow. The SP500 traded within 100 pts and Nasdaq within less than 300 pts. Boring you think? Not quite. Let’s see what was up. According to more and more signs the equities markets keep discounting a cycle phase change. A…
In this post I continue our series of articles about portfolio management. I go on with further, a bit more detailed continuation of the theme. I further develop the issue of Compounding, I explain Discounting, Annualisation, Continous Compounding/Discounting. In the next posts we will move on from the basics to the definitions like Risk, portfolio…
US indices made new highs this week. Most of the indices traded higher week-on-week but more or less flattish throughout the week, as investors were digesting the massive post-elections rally and the vaccine news, while also looking for new triggers to drive the markets into the year end. Still, there was quite a bit going…
The Presidential elections risk was finally written down by the markets as election date came. This week showed that whatever the outcome investors just want to move on. We saw huge gains this week and indices regained most of the ground they lost in Oct in just a few days really. Again an extremely tight…
In this post I shortly describe the October rebalancing of the SIA-style Pension Portfolio (PP). For a detailed review of the most important market developments for October 2020 please refer to my Global Leaders Portfolio (GLP) rebalancing here. The rebalance This month we’re adding $500 into SPY and GLD respectively from the usual monthly $1k cash…
In this post I summarize October 2020 on global markets shortly. The usual month-end rebalancing of the Global Leaders Portfolio (GLP) is also described here. Further diversification of the equity portfolio is being conducted with this rebalancing. New entrants into the GLP are representatives of the Clean Energy (CE) sector. CE is clearly one of…
A burst of volatility hit the markets finally this week after most of October that was relatively quiet. Sudden wave of Covid-19 cases, new lockdowns in Europe and the presidential elections uncertainty all added up together. Indices are down 8-10% from their tops now. We also had a bunch of macro data and 3Q20 reports.…
More and more dynamic political and epidemic situation is so far not causing increased volatility. This week only Monday saw major indices move more than 1% down. The rest of the week was characterised by very low volatility. Its measure (VIX) hovers around 25-27. Reporting season rolls on. 27% of members of the S&P500 have…
