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Market Navigation
Index Research
November 16, 2023
The 2024 market outlook ’Magnificent 7’ wish list
In our latest Market Driver report we identified the ‘Magnificent 7’ risk appetite wish list 2024
Market Navigation
October 25, 2023
Not all valuation shifts are the same - assessing the quality of recent PE declines
All equity regions have experienced a large de-rating from their 2021 highs
Market Navigation
October 4, 2023
September saw risk appetite impacted by ‘higher for longer’ US Financial Conditions
September was the largest monthly decline this year and it produced a negative return of -3.3% for Q3
Market Navigation
September 25, 2023
EPS estimates are inflecting higher despite a deteriorating stock buyback backdrop
The good news - 2023 & 2024 US EPS estimates have started to inflect higher...
Market Navigation
September 6, 2023
Has the style/factor rotation in 2023 been as significant as received wisdom believes?
Through the prism of style indices, 2023 has seen a strong rotation towards Growth v Value
Market Navigation
August 24, 2023
Tightening Financial Conditions endanger the soft-landing optimism
A significant driver behind the recovery in risk appetite over the last few months has been growing conviction over the delivery of a soft-landing for the US economy
Market Navigation
August 4, 2023
The Equal Weighted FT Wilshire 5000 has been the stealth winner since May
Watch what markets do not what they say
Market Navigation
July 20, 2023
What correlation regime will asset classes move to?
Since 1978 we have identified six periods when inflation has more than doubled and moved significantly higher
Market Navigation
July 5, 2023
Key Q2 2023 performance observations
A strong finish to Q2 delivers a 16.3% return YTD
Market Navigation
June 29, 2023
Are US equity relative valuations encountering vertigo?
Viewed through the prism of absolute PE’s the US (like most markets) has witnessed a rollercoaster in PE valuations since hitting a peak in April 2021
Market Navigation
June 5, 2023
The surge in technology stocks is creating extreme market concentration effects
The strong headline FT Wilshire returns do not reflect market undercurrents
Market Navigation
May 29, 2023
The US EPS growth outlook – is the glass half full or empty?
As we approach the middle of the year increasing attention is given to the EPS outlook beyond year end 2023
Market Navigation
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