The dominance of large tech companies in the S&P 500 has caused concern amongst investors. The Magnificent Seven now represent 30% of the index. These companies have more than doubled in value over the past year, in contrast…
The soft landing and rate cuts narrative is being priced out, and the S&P 500 is overvalued and getting overbought. The Magnificent Seven are about to get a new moniker on the back of performance dispersion. However, without the…
In this Insight our Equity Analyzer team explores how the S&P 500 behaves when the Fed Funds Target Rate drops by 25bps – 150bps within a single year. The current dot plot is signaling 75bps of cuts by the end of the…
The late-2023 broad-based rally across major global financial assets fizzled at the start of this year, with most of the assets we track selling off in January. Chinese stocks continued to perform exceptionally poorly, with…
Investors should be tactically tilting allocations towards Direct Lending, Distressed Debt, and Directional Hedge Fund strategies at the expense of Real Estate, Private Equity, and Diversifier Hedge Funds. Structural opportunities…
Decelerating nominal sales, a peaking credit cycle, and very high valuations - Indian stocks will not escape the carnage when risk assets globally begin to sell off.
After a tumultuous year, our Equity Analyzer team took stock on how the BCA Score faired globally. The indices are constructed for each region by selecting the top 10% of stocks with a market-cap above 1 billion USD according to…
Despite the blah opening to the year, we do not think stocks have reached an inflection point. We expect that incoming data will continue to flatter the soft-landing narrative for another couple of months, helping the S&P 500 to…
A soft landing can be achieved but not maintained. We are cutting our tactical recommendation on stocks from overweight to neutral and scaling back our long-duration stance.
2023 was an unexpectedly good year for global financial markets. Most of the major financial assets we track generated positive abnormal gains. Although US stocks outperformed their global counterparts, Eurozone, Japanese, and…