Insights

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...
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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
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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
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August 4, 2023

The Equal Weighted FT Wilshire 5000 has been the stealth winner since May

Watch what markets do not what they say
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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
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July 5, 2023

Key Q2 2023 performance observations

A strong finish to Q2 delivers a 16.3% return YTD
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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
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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
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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
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May 15, 2023

Key inflection points in market behavior in 2023

2023 has witnessed some key inflection points and reversals in market behavior compared with the 2022
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April 21, 2023

Deteriorating US economic momentum, however US financial conditions continue to ease

An important second order effect resulting from the collapse of Silicon Valley Bank (SVB) ...
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April 11, 2023

A rollercoaster Q1 with the Tech rally trumping Bank angst

The +7.3% return in Q1 was delivered in three distinct phases
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