News
Plus: Equity rewards aren’t forthcoming, emerging market stocks hugely affordable, positions pushed to record highs, the energy crisis demands a real solution, NL farmers in wine, and more.
–
The equity bonus will not be available in the next 12 months
Invesco’s chief economist, Paul Jackson, has a gloomy view for risky investments. It is positive on cash, real estate and emerging market equities. “Low valuations in emerging markets are a modest bright spot.”
Who cares?
PE reports for emerging markets since 2003.
This is such an interesting chart. pic.twitter.com/7FRcKNmsn3– Ayesha Tariq, CFA (@ayeshatariq) September 25, 2022
“A new investment reality requires a new investment compass”
“For now, it seems central banks are less concerned about investors’ equity portfolios.” According to Justin Thomson, T. Rowe Price’s CIO International Equity, they are fundamental business analyzes and are therefore again important.
Contraindicator
Put positions at record level.
Traders bought option protection to the downside on Friday at a record pace as the psychology becomes increasingly discouraged. The overall volume of put options has risen to its highest level ever. “The fear has clearly arrived,” says Oppenheimer’s Alon Rosin. https://t.co/YUgSFQCxm6 (HT @vital_knowledge) pic.twitter.com/9kUnYDnuw6
– Holger Zschaepitz (@Schuldensuehner) September 24, 2022
Fully fed with the organ
This is the Fed’s fastest hiking cycle in many decades, if ever. pic.twitter.com/VeANVoFT7h
– Markets and chaos (@ Mayhem4Markets) September 25, 2022
Thatcher 2.0 doesn’t seem to be the solution
“Britain’s slant towards ‘Reaganomics’ gets a thumbs down from the markets.” Markets are very negative about the UK’s new neoliberal policies, also CNBC message. Meanwhile, the pound is now worth almost as much as a euro.
If you have a UK government that spends and spends this is what you get: explosive bond yields.
If you owned a 10-year UK bond, here’s what it looks like in euros. pic.twitter.com/ZNoSkmuP1H– Corné van Zeijl (@ equity analyst) September 26, 2022
Bonds are now attractive / unattractive
“Estimating when the main danger has passed and a new rally in fixed income has begun is a mix of art and science, but at an unknown time the transition will come. inflation, the relative appeal of bonds, payments become attractive, in absolute and relative terms compared to other assets “. Here’s the story. Read also: Bonds are back.
The collapse of the bond market costs …
The bond market bubble appears to have burst. The value of global bonds plummeted another $ 1.2 trillion this week, bringing the total loss from ATH to $ 12.2 trillion. pic.twitter.com/JMBAGhdDlZ
– Holger Zschaepitz (@Schuldensuehner) September 25, 2022
… and ferocious.
The real drama on the financial markets cannot be seen in the VIX equity fear barometer which is trading below 30, but in the MOVE bond volatility index which is trading at high levels. pic.twitter.com/I8yVvkBVch
– Holger Zschaepitz (@Schuldensuehner) September 25, 2022
Spreading is suffering (this year)
A 60/40 US stock / bond portfolio is down 19.3% in 2022, on the verge of becoming the second worst year in history since 1931. pic.twitter.com/NmGkavahWs
– Charlie Bilello (@charliebilello) September 24, 2022
Big names, poor stock market performance
Narcissistic CEOs perform far worse than modest CEOs. These narcissistic leaders are easily identified by their large and ridiculous signature, writes Gioacchino Clemente in his latest blog.
Doctor Doom in the corner
Are you finally right again?
“Dr. Doom” expects a “long and ugly” global recession and shares drop to 40% https://t.co/Z6xAXkLtWx
– Bloomberg Markets (@markets) September 25, 2022
Active vs Passive
The returns of IEX Fund 40 (actively managed mutual funds) and IEX Index 20+ (ETF).
– Investing.com (@Investingcom) September 24, 2022
Energy opportunity lost
Rabobank economist Hugo Erken: “The large package of plans pays little attention to the cause of the current energy crisis, namely that the demand for gas and electricity simply exceeds supply.” sharp column.
The toilet on the right does funny things on the left for people
CLICK: https://t.co/40rfZmo9Ha pic.twitter.com/xufWnCMVaW– Mathijs Bouman (@mathijsbouman) September 24, 2022
Younger generations don’t like to buy and hold
3. Millennials have the paperiest hands of all
Pretty cool stats …
h / t @justLBell pic.twitter.com/odo4jmcWn4
Oct— Callum Thomas (@Callum_Thomas) September 24, 2022
Dutch peasants in wine
As they see fewer future prospects in “normal” agriculture, such as potato growing, Dutch farmers are switching to growing wine grapes. “You need a piggy bank to get through the first few years. And the income from tastings and tours is important to earn enough.” RTL report Z.
–
Of Publishers of IEXProfs is made up of several journalists. The information contained in this article is not intended as professional investment advice or as a recommendation to make certain investments. Publishers can hold positions in one or more of the listed funds. Click here for an overview of their investments.
