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The most hated rally is alive… By Blackfort CIO Dr. Andreas Bickel
The most hated rally is alive… By Blackfort CIO Dr. Andreas Bickel “When investors are as defensive as they are today, the S&P 500 has averaged an annualized percentage return of more than 18% over the next six months, according to Jim Paulsen, chief investment strategist at the Leuthold Group, more than double its average over…
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ECB does not rule out further QE and rate cuts! By by Blackfort CIO Dr. Andreas Bickel
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ECB announces more rate cuts and QE, by Blackfort CIO Dr. Andreas Bickel
ECB announces more rate cuts and QE, by Blackfort CIO Dr. Andreas Bickel ECB dos not rule out further QE and rate cuts! 10 year bund yield dropped to -0.305% Netherlands 10year yield at -0.15% and Switzerland at -0.55%. But also US 10y fell by 5bps and stands at around 2.04% “Further cuts in policy interest…
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Climbing the wall of worry continues, by Blackfort CIO Dr. Andreas Bickel
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Sanctions against Mexico? By Blackfort CIO Dr. Andreas Bickel
Sanctions against Mexico? Another tweet, new tariffs on Mexican exports…. Forecasting erratic political external shocks is impossible. The impact of these tweets are significant: For instance a negative 10y3m yield spread in the US, German bund yields have reached a record low yield level, stock markets trade at or below the 200 day average. China’s PMI…
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Secular bull or not? By Blackfort CIO Dr. Andreas Bickel
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All-time highs to be expected despite volatility? By Blackfort CIO Dr. Andreas Bickel
All-time highs to be expected despite volatility? Despite the new burst of market volatility, long-time bull Edward Yardeni sees a return to all-time highs this year. https://lnkd.in/diBqUgs According to CNBC: This outlook has not appeared to be resonating on Wall Street. Similar happens to me since 2009 when I have made and continue to make a bullish…
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Sell in May and go away? By Blackfort CIO Dr. Andreas Bickel
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How junk are junk bonds? By Blackfort CIO Dr. Andreas Bickel
How junk are junk bonds? At Blackfort Capital we invest roughly 90% of our managed assets into high yielding hard currency bonds. If you will junk… but according to the below quoted study this does by no means mean higher risk and lower returns. By the contrary: Over 200-year, including all crisis and defaults, a portfolio with…
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Weekly Market Update – 17.04.2019
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Weekly Market Update – 04.04.2019
Bond Markets Weekly 04.04.2019 US and Asian PMIs are up ticking: High yield spreads do not show sings of stress Newspapers and research reports are full of Q1 reviews and Q2 outlooks. Most are astonished by the strong performance of both bonds and equities. One newspaper shows in a summary of 10 local investment strategies that…
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