𝗦𝗼 𝘄𝗲’𝘃𝗲 𝗵𝗮𝗱 𝘁𝗵𝗲 𝘃𝗲𝗿𝘆 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗙𝗢𝗠𝗖 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸 𝘁𝗵𝗮𝘁 𝘀𝗮𝗶𝗱 𝘁𝘄𝗼 𝘁𝗵𝗶𝗻𝗴𝘀: 𝟭. 𝘄𝗲 𝗮𝗰𝗸𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲 𝗵𝗼𝘁 𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗿𝗮𝗶𝘀𝗲 𝘁𝗵𝗲 𝗱𝗼𝘁 𝗽𝗹𝗼𝘁 𝗳𝗼𝗿 𝟮𝟬𝟮𝟯 𝗼𝗻𝘄𝗮𝗿𝗱𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘁𝗼 𝘀𝘁𝗮𝗿𝘁 𝗱𝗶𝗴𝗲𝘀𝘁𝗶𝗻𝗴 𝗵𝗶𝗴𝗵𝗲𝗿 𝗿𝗮𝘁𝗲𝘀 𝘀𝗼𝗼𝗻𝗲𝗿 𝗮𝗻𝗱 𝟮. 𝘄𝗲’𝘃𝗲 𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝗮𝘀𝘀𝗲𝘁 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲𝘀 𝗮𝘀 𝘁𝗵𝗲𝘆 𝘄𝗲𝗿𝗲 (𝗻𝗼 𝘁𝗮𝗽𝗲𝗿𝗶𝗻𝗴). 𝗘𝘅 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝘄𝗮𝘀 𝗮𝗯𝗼𝘂𝘁 𝗚𝗿𝗼𝘄𝘁𝗵 𝗼𝘂𝘁𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗶𝗻𝗴…
𝙎𝙋𝟱𝟬𝟬 𝙚𝙠𝙚𝙙 𝙤𝙪𝙩 𝙖 𝙣𝙚𝙬 𝘼𝙏𝙃 𝙛𝙞𝙣𝙖𝙡𝙡𝙮 𝙩𝙝𝙞𝙨 𝙬𝙚𝙚𝙠, 𝙖𝙛𝙩𝙚𝙧 𝙝𝙖𝙫𝙞𝙣𝙜 𝙘𝙤𝙣𝙨𝙤𝙡𝙞𝙙𝙖𝙩𝙚𝙙 𝙖𝙧𝙤𝙪𝙣𝙙 𝙩𝙝𝙚 𝙝𝙞𝙜𝙝𝙨 𝙛𝙤𝙧 𝙤𝙫𝙚𝙧 𝙖 𝙢𝙤𝙣𝙩𝙝. 𝙏𝙚𝙘𝙝 𝙨𝙩𝙤𝙘𝙠𝙨 𝙝𝙖𝙫𝙚 𝙮𝙚𝙩 𝙖 𝙩𝙞𝙣𝙮 𝙡𝙞𝙩𝙩𝙡𝙚 𝙗𝙞𝙩 𝙩𝙤 𝙜𝙤, 𝙗𝙪𝙩 𝙚𝙣𝙙𝙚𝙙 𝙁𝙧𝙞𝙙𝙖𝙮 𝙖𝙩 𝙩𝙝𝙚 𝙬𝙚𝙚𝙠𝙡𝙮 𝙝𝙞𝙜𝙝𝙨 𝙖𝙨 𝙬𝙚𝙡𝙡. 𝙊𝙞𝙡 𝙞𝙨 𝙗𝙖𝙘𝙠 𝙖𝙗𝙤𝙫𝙚 𝙐𝙎𝘿𝟳𝟬/𝙗𝙗𝙡. What’s notable is that all this happens with the Fear&Greed Index only…
𝙄𝙩’𝙨 𝙗𝙚𝙚𝙣 𝙖 𝙬𝙚𝙚𝙠 𝙬𝙞𝙩𝙝 𝙫𝙚𝙧𝙮 𝙡𝙤𝙬 𝙫𝙤𝙡𝙖𝙩𝙞𝙡𝙞𝙩𝙮. 𝙄𝙣𝙙𝙞𝙘𝙚𝙨 𝙝𝙤𝙫𝙚𝙧𝙚𝙙 𝙖𝙧𝙤𝙪𝙣𝙙 𝙞𝙩𝙨 𝘼𝙏𝙃𝙨 𝙖𝙨 𝙞𝙛 𝙩𝙝𝙚𝙮’𝙙 𝙗𝙚 𝙥𝙧𝙚𝙥𝙖𝙧𝙞𝙣𝙜 𝙩𝙤 𝙗𝙚𝙖𝙩 𝙩𝙝𝙚𝙢. 𝙂𝙧𝙤𝙩𝙝 𝙤𝙪𝙩𝙥𝙚𝙧𝙛𝙤𝙧𝙢𝙚𝙙 𝙑𝙖𝙡𝙪𝙚 𝙩𝙝𝙞𝙨 𝙬𝙚𝙚𝙠. What’s notable it that the sentiment is pretty bad still with equities being so high. Fear&Greed Index is in the low 40s. This shows that we’re having a typical…
𝙇𝙖𝙨𝙩 𝙬𝙚𝙚𝙠 𝙬𝙚 𝙨𝙖𝙬 𝙖 𝙥𝙖𝙧𝙩𝙞𝙖𝙡 𝙧𝙚𝙣𝙚𝙬𝙖𝙡 𝙤𝙛 𝙩𝙝𝙚 𝙂𝙧𝙤𝙬𝙩𝙝-𝙩𝙤-𝙑𝙖𝙡𝙪𝙚 𝙧𝙤𝙩𝙖𝙩𝙞𝙤𝙣 𝙩𝙧𝙖𝙙𝙚. 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮 𝙨𝙩𝙤𝙘𝙠𝙨 𝙘𝙡𝙚𝙖𝙧𝙡𝙮 𝙪𝙣𝙙𝙚𝙧𝙥𝙚𝙧𝙛𝙤𝙧𝙢𝙚𝙙. 𝙄𝙣𝙛𝙡𝙖𝙩𝙞𝙤𝙣 𝙙𝙖𝙩𝙖 𝙬𝙚𝙧𝙚 𝙘𝙡𝙪𝙚 𝙩𝙤 𝙩𝙝𝙚 𝙬𝙤𝙗𝙗𝙡𝙚𝙨 𝙖𝙣𝙙 𝙧𝙚𝙣𝙚𝙬𝙚𝙙 𝙛𝙚𝙖𝙧𝙨 𝙞𝙣 𝙩𝙝𝙖𝙩 𝙧𝙚𝙨𝙥𝙚𝙘𝙩. 𝘾𝙚𝙣𝙩𝙧𝙖𝙡 𝙗𝙖𝙣𝙠𝙨 𝙠𝙚𝙚𝙥 𝙩𝙝𝙚 𝙨𝙩𝙖𝙣𝙘𝙚 𝙩𝙝𝙖𝙩 𝙘𝙪𝙧𝙧𝙚𝙣𝙩 𝙔𝙤𝙔 𝙙𝙮𝙣𝙖𝙢𝙞𝙘𝙨 𝙞𝙣 𝘾𝙋𝙄 𝙖𝙧𝙚 𝙩𝙚𝙢𝙥𝙤𝙧𝙖𝙧𝙮 𝙙𝙪𝙚 𝙩𝙤 𝙫𝙚𝙧𝙮 𝙡𝙤𝙬 𝙗𝙖𝙨𝙚 𝙛𝙧𝙤𝙢 𝙡𝙖𝙨𝙩 𝙮𝙚𝙖𝙧 𝙖𝙙𝙣 𝙬𝙞𝙡𝙡 𝙛𝙖𝙙𝙚. 𝙏𝙝𝙚 𝙢𝙖𝙧𝙠𝙚𝙩…
𝙒𝙚 𝙝𝙖𝙙 𝙣𝙚𝙬 𝘼𝙏𝙃𝙨 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙎𝙋𝙓𝟱𝟬𝟬 𝙖𝙣𝙙 𝙩𝙝𝙚 𝘿𝙤𝙬, 𝙬𝙝𝙞𝙡𝙨𝙩 𝙉𝙖𝙨𝙙𝙖𝙦 𝙞𝙨 𝙨𝙩𝙞𝙡𝙡 𝙨𝙩𝙧𝙪𝙜𝙜𝙡𝙞𝙣𝙜 𝙩𝙤 𝙜𝙚𝙩 𝙙𝙚𝙘𝙞𝙨𝙞𝙫𝙚𝙡𝙮 𝙝𝙞𝙜𝙝𝙚𝙧. 𝙃𝙞𝙜𝙝-𝙩𝙚𝙘𝙝 𝙨𝙩𝙤𝙘𝙠 𝙪𝙣𝙙𝙚𝙧𝙥𝙚𝙧𝙛𝙤𝙧𝙢𝙚𝙙 𝙦𝙪𝙞𝙩𝙚 𝙖 𝙗𝙞𝙩 𝙖𝙜𝙖𝙞𝙣. 𝙂𝙤𝙡𝙙 𝙠𝙚𝙚𝙥𝙨 𝙧𝙚𝙜𝙖𝙞𝙣𝙞𝙣𝙜 𝙨𝙩𝙧𝙚𝙣𝙜𝙝𝙩 𝙤𝙛 𝙡𝙖𝙩𝙚, 𝙬𝙝𝙞𝙡𝙨𝙩 𝙧𝙖𝙩𝙚𝙨 𝙖𝙧𝙚 𝙧𝙚𝙡𝙖𝙩𝙞𝙫𝙚𝙡𝙮 𝙨𝙩𝙖𝙗𝙡𝙚. Value is the word lately, as the economy reopens and restrictions are being lifted around the world, vaccinations…
𝙑𝙚𝙧𝙮 𝙡𝙤𝙬 𝙫𝙤𝙡𝙖𝙩𝙞𝙡𝙞𝙩𝙮 𝙖𝙜𝙖𝙞𝙣 𝙩𝙝𝙞𝙨 𝙬𝙚𝙚𝙠. 𝙀𝙦𝙪𝙞𝙩𝙮 𝙞𝙣𝙙𝙞𝙘𝙚𝙨 𝙝𝙤𝙫𝙚𝙧 𝙖𝙧𝙤𝙪𝙣𝙙 𝘼𝙏𝙃𝙨. 𝙏𝙝𝙚 𝙮𝙞𝙡𝙚𝙙 𝙘𝙪𝙧𝙫𝙚𝙨 𝙨𝙩𝙚𝙚𝙥𝙚𝙣𝙙 𝙞𝙣 𝙜𝙚𝙣𝙚𝙧𝙖𝙡, 𝙚𝙨𝙥𝙚𝙘𝙞𝙖𝙡𝙡𝙮 𝙤𝙪𝙩𝙨𝙞𝙙𝙚 𝙐𝙎, 𝙤𝙣 𝙝𝙞𝙜𝙝𝙚𝙧 𝙩𝙝𝙖𝙣 𝙚𝙭𝙥𝙚𝙘𝙩𝙚𝙙 𝘾𝙋𝙄 𝙧𝙚𝙖𝙙𝙞𝙣𝙜𝙨 𝙖𝙘𝙧𝙤𝙨𝙨 𝙀𝙪𝙧𝙤𝙥𝙚. April turned out to be a good month in general. $SPX500 is up 5% this month. Will the “sell in May and go away” good old saying…
𝘼 𝙨𝙡𝙞𝙜𝙝𝙩𝙡𝙮 𝙘𝙤𝙧𝙧𝙚𝙘𝙩𝙞𝙫𝙚 𝙬𝙚𝙚𝙠 𝙞𝙨 𝙗𝙚𝙝𝙞𝙣𝙙 𝙪𝙨 𝙤𝙣 𝙚𝙦𝙪𝙞𝙩𝙮 𝙢𝙖𝙧𝙠𝙚𝙩𝙨. 𝘾𝙤𝙢𝙢𝙤𝙙𝙞𝙩𝙞𝙚𝙨 𝙬𝙚𝙧𝙚 𝙨𝙩𝙖𝙗𝙡𝙚 𝙖𝙣𝙙 𝙨𝙤 𝙬𝙚𝙧𝙚 𝙩𝙝𝙚 𝙮𝙞𝙚𝙡𝙙𝙨 𝙤𝙣 𝙢𝙖𝙟𝙤𝙧 𝙜𝙤𝙫𝙚𝙧𝙣𝙢𝙚𝙣𝙩 𝙞𝙨𝙨𝙪𝙚𝙨 𝙩𝙝𝙞𝙨 𝙬𝙚𝙚𝙠. 𝙏𝙝𝙚 𝙢𝙖𝙧𝙠𝙚𝙩 𝙨𝙚𝙚𝙢𝙨 𝙩𝙤 𝙝𝙖𝙫𝙚 𝙢𝙖𝙞𝙣𝙮 𝙗𝙚𝙚𝙣 𝙛𝙤𝙘𝙪𝙨𝙞𝙣𝙜 𝙤𝙣 𝙙𝙞𝙜𝙚𝙨𝙩𝙞𝙣𝙜 𝙩𝙝𝙚 𝟭𝙌𝟮𝟭 𝙣𝙪𝙢𝙗𝙚𝙧𝙨. What’s notable is that the market seems a little tired. There’s been quite a few positive earnings surprises,…
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…
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…
October progresses and further pandemic restrictions are being reestablished around the world. Markets remain broadly immune though. It seems that most direct effects of managing the virus are now priced in and it’s hard for them to have a meaningful impact on investors. 3Q20 reporting season started. So far the results coming out form US…
