Most will be happy to see the back of H1 as Nasdaq recorded its worst ever first half to the year. Recession fears, inflation and the war in Ukraine remain at the front of investors’ minds with many waiting in the wings as cash balances pile up. We saw Hedge Funds buying the Leisure […]
May saw markets hit YTD lows in the US, and lows since early March for Europe. Both however saw a bounce off of these levels and have been squeezed higher since. With volumes remaining muted, this move has been emphasised. We saw Hedge funds buying the Banks, good two way in Oil & Gas names. […]
After markets continued their move lower last month, investors will be hoping the phrase ‘Sell in May and Go Away’ doesn’t come to fruition. April is deemed seasonally the best month of the year, but that didn’t play out with the S&P 500 having its worst month since March 2020, thus making it the worst […]
March saw markets hit the lows YTD on 8th, but since, has seen a gradual grind higher on weak volumes. It was not a case of ‘buy the dip’ but more investors squaring away positions, as the end of the quarter approached. With continued headline tennis from Russia/Ukraine along with a host of other uncertainties, […]
Last month I spoke about value vs growth, inflation worries and bear market fears dictating the direction of the market. In Feb, we can include a War to add fuel to the fire as markets continued their declines, showing no sign of easing off. We saw Hedge funds buying the Biotech & […]
January certainly wasn’t a month to ease into the new year, with the value vs growth theme, inflation worries and bear market fears dictating the direction of the market so far. Investors will be hoping this month isn’t the benchmark for the year. 2021 saw just two negative months, but January’s move meant that’s the […]
December was a month with positioning very much at the forefront. Yesterday’s winners are today’s losers the thesis of the month. That being said, markets still managed to make all-time highs, again! Hedge funds clearly de-risking year end, locking in their profits meant we saw pockets of volume going through in certain names. With the […]
November was a month of low volume and low volatility with markets continuing to climb the wall of worry that saw the STOXX 600 rise to a new all-time high only two weeks ago. SXXP went 26 days through Oct and Nov without a move greater than +/-1%. However, a return of covid fear into […]
October brought us earning season and it was interesting to see how investors were championing any small positives, but misses were punished as expectations had been walked down into the event. Continued confirmation of sky high energy/raw material prices having an impact on production as well as producer price inflation. Overall, with central banks orchestrating […]
That now makes it seven consecutive months of gains for the S&P, albeit on subdued summer volumes. Despite less bums on seats, insights into the pace of the US recovery & pivotal decisions around the Fed’s taper, investors have kept engaged, and fearful of being wrong footed by the market. We continue to see Hedge […]