We’re almost 75% through the earnings season in US now. The positive surprise momentum from 3Q20 continues this quarter again as the numbers roll out. So far the avg. sales beat is 3,5% and earnings beat is a massive 19%. 👍👍🤗 𝙇𝙚𝙖𝙙𝙞𝙣𝙜 𝙨𝙪𝙧𝙥𝙧𝙞𝙨𝙚 𝙨𝙚𝙘𝙩𝙤𝙧𝙨: 📈 Consumer Services – the sector clearly benefits the revival trade…
In one of its latest reports $MS (Morgan Stanley) has published its projections as to the expected trajectory of the US economy post Covid-19. The GDP growth forecasts are as follows: 2021: +6,5% YoY 2022: +5% YoY. This is yet another bank that expects a relatively quick recovery ahead this time around. It is also…
𝗧𝗵𝗶𝘀 𝘄𝗲𝗲𝗸 𝗲𝗾𝘂𝗶𝘁𝗶𝗲𝘀 𝗴𝗲𝗻𝗲𝗿𝗮𝗹𝗹𝘆 𝗸𝗲𝗽𝘁 𝘁𝗵𝗲𝗶𝗿 𝘄𝗶𝗻𝗻𝗶𝗻𝗴 𝘀𝘁𝗿𝗲𝗮𝗸, 𝗮𝗹𝘁𝗵𝗼𝘂𝗴𝗵 𝘁𝗵𝗲 𝗴𝗮𝗶𝗻𝘀 𝘄𝗲𝗿𝗲 𝗻𝗼𝘁 𝗮𝘀 𝗶𝗺𝗽𝗿𝗲𝘀𝘀𝗶𝘃𝗲 𝗮𝘀 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗯𝗲𝗳𝗼𝗿𝗲. 𝗬𝗶𝗲𝗹𝗱 𝗰𝘂𝗿𝘃𝗲 𝗶𝗻 𝗨𝗦 𝘄𝗶𝗱𝗲𝗻𝗲𝗱 𝗮𝗴𝗮𝗶𝗻 𝗮𝗻𝗱 𝗶 𝘁𝗵𝗶𝗻𝗸 𝗶𝘁 𝗻𝗲𝗲𝗱𝘀 𝘁𝗼 𝗯𝗲 𝗰𝗹𝗼𝘀𝗲𝗹𝘆 𝘄𝗮𝘁𝗰𝗵𝗲𝗱 𝗴𝗼𝗶𝗻𝗴 𝗳𝗼𝗿𝘄𝗮𝗿𝗱. 𝗡𝗶𝗸𝗸𝗲𝗶𝟮𝟮𝟱 𝗶𝗻𝗱𝗲𝘅 𝘄𝗮𝘀 𝘁𝗵𝗲 𝗺𝗮𝗷𝗼𝗿 𝘄𝗶𝗻𝗻𝗲𝗿, 𝘄𝗵𝗶𝗹𝘀𝘁 𝗘𝗨 𝗮𝗻𝗱 𝗨𝗦 𝗲𝗾𝘂𝗶𝘁𝗶𝗲𝘀 𝘄𝗲𝗿𝗲 𝘂𝗽 𝟬-𝟭,𝟱%. What’s notable is the YTD…
We’re living in unprecedented times indeed. Take a look: On the photo above you can find thre graphs aligned together for comparison reasons (courtesy of “sentimentader” from Twitter): 1. 𝗣𝗲𝗻𝗻𝘆 𝘀𝘁𝗼𝗰𝗸 𝘃𝗼𝗹𝘂𝗺𝗲𝘀 𝗵𝗮𝘃𝗲 𝗿𝗶𝘀𝗲𝗻 𝗼𝘃𝗲𝗿 𝟭𝟬-𝗳𝗼𝗹𝗱 vs. their long-term average 2. Total 𝗼𝗽𝘁𝗶𝗼𝗻𝘀 𝘃𝗼𝗹𝘂𝗺𝗲𝘀𝗶𝘀 𝘂𝗽 𝟮𝘅 vs. long-term average 3. $SPY 𝘃𝗼𝗹𝘂𝗺𝗲, after an initial…
𝗘𝗾𝘂𝗶𝘁𝘆 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗰𝗮𝗺𝗲 𝗯𝗮𝗰𝗸 𝗿𝗼𝗮𝗿𝗶𝗻𝗴 𝗵𝗶𝗴𝗵𝗲𝗿 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸. 𝗠𝗼𝘀𝘁 𝗶𝗻𝗱𝗶𝗰𝗲𝘀 𝗺𝗮𝗱𝗲 𝗻𝗲𝘄 𝗔𝗧𝗛. 𝗔𝘀 𝘁𝗵𝗲 $GME (GameStop Corp New) 𝗺𝗮𝗻𝗶𝗮 𝘀𝘂𝗯𝘀𝗶𝗱𝗲𝗱 𝘁𝗵𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 𝗰𝗮𝗺𝗲 𝗿𝗶𝗴𝗵𝘁 𝗯𝗮𝗰𝗸 𝘂𝗻𝗱𝗲𝗿 𝗰𝗼𝗻𝘁𝗿𝗼𝗹 𝗹𝗲𝗱 𝗯𝘆 𝗽𝗼𝘀𝗶𝘁𝗶𝘃𝗲 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝘀𝘂𝗿𝗽𝗿𝗶𝘀𝗲𝘀 𝗺𝗼𝘀𝘁𝗹𝘆. The risk is on again. Save havens struggled this week with $GOLD down close to 2% and $TLT -2,3% on wider…
Here’s a quick monthly update on my portfolio: 👉 January 2021 was a corrective month for the GlobalLeadersPortfolio (GLP). The portfolio lost 2,29%. Main reason for the worse performance was the $TLT , which was down 3,1% on month due to a sell-off in long-term Treasuries (10Y yield up from 80bpsish to 100-110bps on month).…
𝘼 𝙘𝙤𝙧𝙧𝙚𝙘𝙩𝙞𝙫𝙚 𝙬𝙚𝙚𝙠 𝙤𝙣 𝙚𝙦𝙪𝙞𝙩𝙞𝙚𝙨 𝙗𝙚𝙝𝙞𝙣𝙙 𝙪𝙨. 𝙑𝙤𝙡𝙖𝙩𝙞𝙡𝙞𝙩𝙮 𝙞𝙣𝙘𝙧𝙚𝙖𝙨𝙚𝙙 𝙨𝙤𝙢𝙚𝙬𝙝𝙖𝙩 (𝙑𝙄𝙓 𝙞𝙣𝙙𝙚𝙭 𝙞𝙣 𝙩𝙝𝙚 𝟯𝟬-𝙞𝙚𝙨 𝙛𝙧𝙤𝙢 𝟮𝟬-𝙞𝙚𝙨 𝙩𝙝𝙚 𝙬𝙚𝙚𝙠 𝙗𝙚𝙛𝙤𝙧𝙚). 𝙊𝙩𝙝𝙚𝙧 𝙖𝙨𝙨𝙚𝙩 𝙘𝙡𝙖𝙨𝙨𝙚𝙨 𝙬𝙚𝙧𝙚 𝙢𝙤𝙧𝙚 𝙨𝙩𝙖𝙗𝙡𝙚. 𝙍𝙚𝙥𝙤𝙧𝙩𝙞𝙣𝙜 𝙨𝙚𝙖𝙨𝙤𝙣 𝙧𝙤𝙡𝙡𝙨 𝙤𝙪𝙩. Not much readacross seen yet from the equities sell-off onto safe havens. 10Y Treasury yields fell slightly, $GOLD was pretty much flat on week. Equity…
𝙇𝙖𝙨𝙩 𝙬𝙚𝙚𝙠 𝙬𝙚 𝙨𝙖𝙬 𝙂𝙧𝙤𝙬𝙩𝙝 𝙤𝙪𝙩𝙥𝙚𝙧𝙛𝙤𝙧𝙢 𝙑𝙖𝙡𝙪𝙚 𝙞𝙣 𝙜𝙚𝙣𝙚𝙧𝙖𝙡. 𝙏𝙚𝙘𝙝 𝙞𝙣𝙙𝙞𝙘𝙚𝙨 𝙚𝙖𝙧𝙣𝙚𝙙 𝙤𝙫𝙚𝙧 𝙙𝙤𝙪𝙗𝙡𝙚 𝙩𝙝𝙚 𝙬𝙞𝙙𝙚 𝙢𝙖𝙧𝙠𝙚𝙩 𝙬𝙚𝙚𝙠𝙡𝙮 𝙥𝙚𝙧𝙘𝙚𝙣𝙩 𝙘𝙝𝙖𝙣𝙜𝙚 𝙞𝙣 𝙐𝙎. 𝙏𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩𝙞𝙣𝙜 𝙨𝙚𝙖𝙨𝙤𝙣 𝙧𝙤𝙡𝙡𝙨 𝙤𝙪𝙩. 𝙐𝙎 𝙖𝙡𝙨𝙤 𝙝𝙖𝙨 𝙖 𝙣𝙚𝙬 𝙋𝙧𝙚𝙨𝙞𝙙𝙚𝙣𝙩 𝙨𝙬𝙤𝙧𝙣 𝙞𝙣. Commodities ($GOLD) and yields ($TLT) situation calmed down vs. the 2 weeks before. Still the 10Y Treasury Yield keeps staying…
𝙄𝙩 𝙬𝙖𝙨 𝙖 𝙡𝙤𝙨𝙞𝙣𝙜 𝙬𝙚𝙚𝙠 𝙛𝙤𝙧 𝙢𝙤𝙨𝙩 𝙖𝙨𝙨𝙚𝙩 𝙘𝙡𝙖𝙨𝙨𝙚𝙨 𝙧𝙚𝙖𝙡𝙡𝙮. 𝙀𝙦𝙪𝙞𝙩𝙞𝙚𝙨 𝙬𝙚𝙧𝙚 𝙙𝙤𝙬𝙣 (𝙬𝙞𝙩𝙝 𝙚𝙭𝙘𝙚𝙥𝙩𝙞𝙤𝙣 𝙤𝙛 𝙅𝙖𝙥𝙖𝙣), 𝙥𝙧𝙚𝙘𝙞𝙤𝙪𝙨 𝙢𝙚𝙩𝙖𝙡𝙨 𝙬𝙚𝙧𝙚 𝙨𝙩𝙞𝙡𝙡 𝙙𝙤𝙬𝙣 𝙖𝙣𝙙 𝙤𝙣𝙡𝙮 𝙗𝙤𝙣𝙙𝙨 𝙖𝙙𝙙𝙚𝙙 𝙨𝙤𝙢𝙚𝙬𝙝𝙖𝙩, 𝙖𝙨 𝙩𝙝𝙚 𝙮𝙞𝙚𝙡𝙙 𝙣𝙖𝙧𝙧𝙤𝙬𝙚𝙙 𝙖 𝙡𝙞𝙩𝙩𝙡𝙚 𝙗𝙞𝙩 𝙖𝙛𝙩𝙚𝙧 𝙖 𝙗𝙞𝙜 𝙧𝙖𝙡𝙡𝙮 𝙩𝙝𝙚 𝙬𝙚𝙚𝙠 𝙗𝙚𝙛𝙤𝙧𝙚. One of the sectors that lost the most this week was Clean Energy. This…
𝙏𝙝𝙚 𝙣𝙚𝙬 𝙮𝙚𝙖𝙧 𝙨𝙩𝙖𝙧𝙩𝙚𝙙 𝙬𝙞𝙩𝙝 𝙖 𝙥𝙧𝙚𝙩𝙩𝙮 𝙨𝙩𝙧𝙤𝙣𝙜 𝙠𝙞𝙘𝙠-𝙤𝙛𝙛 𝙤𝙣 𝙚𝙦𝙪𝙞𝙩𝙮 𝙢𝙖𝙧𝙠𝙚𝙩𝙨, 𝙬𝙝𝙞𝙡𝙨𝙩 𝙫𝙖𝙡𝙪𝙚 𝙝𝙤𝙡𝙙𝙚𝙧𝙨 𝙖𝙣𝙙 𝙞𝙣𝙛𝙡𝙖𝙩𝙞𝙤𝙣 𝙝𝙚𝙙𝙜𝙚𝙨 𝙪𝙣𝙙𝙚𝙧𝙥𝙚𝙧𝙛𝙤𝙧𝙢𝙚𝙙. 𝙏𝙝𝙚 𝙅𝙖𝙣𝙪𝙖𝙧𝙮 𝙚𝙛𝙛𝙚𝙘𝙩 𝙬𝙤𝙧𝙠𝙨 𝙥𝙧𝙚𝙩𝙩𝙮 𝙬𝙚𝙡𝙡 𝙛𝙤𝙧 𝙣𝙤𝙬. 𝙅𝙖𝙣 𝟮𝟬𝟮𝟭 𝙞𝙨 𝙖𝙡𝙨𝙤 𝙩𝙝𝙚 𝙛𝙞𝙧𝙨𝙩 𝙢𝙤𝙣𝙩𝙝 𝙚𝙡𝙞𝙜𝙞𝙗𝙡𝙚 𝙛𝙤𝙧 𝙖 𝙘𝙮𝙘𝙡𝙚 𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙨𝙞𝙜𝙣𝙖𝙡 𝙛𝙧𝙤𝙢 𝙤𝙪𝙧 𝙢𝙖𝙘𝙧𝙤 𝙛𝙤𝙧𝙚𝙘𝙖𝙨𝙩𝙞𝙣𝙜 𝙩𝙤𝙤𝙡. We skipped one short week into the very end of…
