Market Musings 250223:
Asset Class, Stock Chartstorm
All charts, almost no text this week for quick perusing!
Summary
Asset classes: Stocks lead Bonds and Commodities
But listed Real Estate is recovering too
Regions: Eurozone (France), UK stocks lead
Bond regions: Emerging Markets favoured
Size: Prefer Mid-Caps in the US, but Large-Caps in Europe, UK
Styles: Value and High-Beta lead
Sectors: Industrials, Financials, US Semiconductors
Podcast:
UK and French stocks lead the charge to new index highs
Despite the negative factors, why are we seeing a stock rally now?
What are the underlying drivers for this surprising strength?
What sectors have propelled the FTSE 100 and the CAC 40 to new highs?
6 reasons to stay positive on Equities for the longer term.
Video:
OUR 2023 INVESTMENT THEMES
Five new investment themes for 2023
Discover our 2023 investment themes defined each year by our team of strategists.
What’s Working v What is Not: Asset classes
Global Stocks v Bonds: Stocks lead
Global Stocks v Investment Grade Credit: Stocks lead despite correction
Global Stocks v Commodities: Stocks lead
Global Stocks v Listed Real Estate: REITs gain slightly
What’s Working v What is Not: Regional Stocks, Bonds
Global Stocks: UK, Europe lead (all in US dollars)
Global Bonds: Emerging Market (USD) Bonds perform
Equity Styles: Large v Small, Value v Growth
Large v Small: Prefer Mid-Caps in US, but Large-Caps in Europe
UK Large v Mid v Small: no clear trend
Value v Growth: Value winning in US, no Europe trend
High-Beta/Cyclical v Low Volatility/Defensive: High-Beta winning
Equity Sectors
Cyclical v Defensive: Prefer Banks to Utilities
Cyclical v Defensive: Prefer Europe Industrials, French CAC-40
