This is a dangerous market was the headline of the IEX Investor Podcast last week, and unfortunately it turned out to be true this week.
Many individual stocks, all interest rates and various currencies, commodities and crypto are currently seeing every nook and cranny of the price board. Market-wide, however, the damage is not too bad. At least, the equity indices show only modest declines – even the slightly underperforming AEX, despite the Adyen debacle.
Economically, however, there are big question marks, as the purchasing managers’ indices certainly testify. Inflation also continues to nag, which is one of the reasons why all eyes are on the central bankers’ weekend getaway in Jackson Hole that has now begun. The hypervolatile and on balance rising interest rates in particular have been working on this all week.
What now? Equity analyst Niels Koerts – with a Max Verstappen hat, because he is not in Jackson Hole, but at Zandvoort – and market commentator Arend Jan Kamp shed light on it. That’s what they do about:
the astonishing growth, results and – what will we experience? – Nvidia share buyback. And what about that pesky JPMorgan Chase report on chips? the unfortunately poor results of Alfen, where all sorts of things are going on. Niels has made a good assessment and may be able to tell you more about the hope and despair surrounding this share. Questions are there about shares that you suddenly can no longer trade with your broker, options, leverage and there is one that our Belgian / Flemish listeners will be happy with Zoom, Peloton, Novacyt, WeWork, Novavax and a few more: what are the typical Covid-19 stocks from 2020 doing? Strap in! In the accelerated round, Adyen and – with typical Damrak anecdote – Just Eat Takeaway, among others, are discussed. Three graphs stand out and you definitely want to know the one that starts with a P. And that with that N too and that is not Nvidia, but also a bit.
Look at the Chart: world index
No consultation beforehand; Wouter Slot (back from vacation) from Tostrams.nl always decides for himself which graph he discusses in the podcast. This time it ties in nicely with today’s broad market story, as it has the MSCI World Index. It doesn’t get any wider than this, because as you in the latest fact sheet is reading:
With 1,512 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country.
Because again: where many individual shares, all interest rates and various currencies, commodities and crypto see all corners of the price board, the world index does not make a sound. Yet! Listen to Walter.
However, how wide can be narrow? This is what the underlying MSCI World looks like. Note especially the Top 10 with those huge weights – especially for an index with 1512 names – and that one fast climber, which starts with an N and ends with an a. Big Tech US together makes up about 20% of the world market, according to this index.
2023-08-25 13:47:55
#IEX #BeleggersPodcast #Nvidia #chippers #cycle #baked #pears #IEX.nl
