Central banks are focusing on defeating persistently above-target inflation, by performing the most aggressive tightening in 4 decades: FED 500 bps since March 2022 (5% in 14 months) BOE 440 bps since December 2021 ECB 375 bps since July…
At the end of this week we saw increased volatility. VIX has spiked in last two days amid anxiety over Silicon Valley Bank (SVB) default risk and potential implications for the regional banks and private equity sectors, and overall increase…
End of 2021 marks the peak of the raging bull market supported by a fast recovering economy and record fiscal and monetary stimulus. At that time, the risk of inflation and overheating of the economy were discussed by everyone. Valuations…
While the rule of thumb indicates recession as two consecutive quarters of falling real GDP, many institutions look also into other variables to confirm economic downturn. This usually includes consumer and business spending, industrial production and labour market. Current situation…
Earnings growth is one of the most important component…. …. article in progress…
“We believe that the lines between travel and living are blurring, and the global pandemic has accelerated the ability to live anywhere” “Work-from-home became work-from-any-home on Airbnb.” “Idea of strangers staying together, in each others’ homes, was not so crazy…
Analysts like to categorize stocks as either value or growth. This is done with the caveat that some stocks resemble both types, or cannot be clearly categorized as either. Knowing the difference between two is essential to assess the risk…
The United Kingdom is still home to one of the most important capital markets in the world (although in terms of market capitalization UK was overtaken by Japan, China, Hong Kong over the last decade). Its popular market index FTSE…
US stock-market is largest in the world and continue to be among the deepest, most liquid and most efficient markets. US market depth and breadth enables individual investors diverse choice like no other markets. Also dominant position of multinational corporations…
Industry weights in US and UK market in 1900 and 2017Diversification reduces the exposure to any one particular distinct asset or risk. For the equity portion of the portfolio this can mean spreading investments across the world, diversifying by sector…