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“Risk on” sentiment continues, by Blackfort CIO Dr. Andreas Bickel
“Risk on” sentiment continues, by Blackfort CIO Dr. Andreas Bickel Climbing the wall of worry. According to BAML Global Fund Manager Survey, professional investors have reduced their equity exposure; they are underweight bonds and overweight cash. However, YTD “all” asset classes are based on Morgan Stanley’s analysis in the green. Cash in USD at least gives you…
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Weekly Market Update – 07.02.2019
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Rally might continue, by Blackfort CIO Dr. Andreas Bickel
Rally might continue, by Blackfort CIO Dr. Andreas Bickel Financial repression is here to stay. Technicians have upgraded most equity markets to buy. However, the S&P 500 is now trading at the 200- day average but not above. The most hated rally is still up and running. The FED is on hold although the recent PMI data…
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FED changes their rate-hiking outlook, by Blackfort CIO, Dr. Andreas Bickel
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Weekly Market Update – 30.01.2019
Weekly Market Update – 30.01.2019 Emerging Market bonds continue to deliver good returns due to growth fears The US shutdown is over before it might restart. The US treasury yield curve went lower between 2bp to 4bp. The whole yield curve flattened further while the bond prices went further up. The recession risk has risen and the…
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PE Ratio today, by Blackfort CIO, Dr. Andreas Bickel
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Be prepared for some set backs, by by Blackfort CIO Dr. Andreas Bickel
Be prepared for some set backs, by by Blackfort CIO Dr. Andreas Bickel China is said to offer a path to eliminate US trade imbalance and the equity rally continues globally. Yesterday after the Wall Street Journal reported Treasury Secretary Mnuchin proposed easing China tariffs we have seen a further leg up in this relief rally. But,…
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Weekly Market Update – 24.01.2019
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Blackfort Analytics – 2018. A Review
21122018_2018_A Review Global markets in 2018: Down but not out 2018 was a year to remember. All major asset classes lost value! Politics have dominated the markets. It started with country specific events in Brazil, Argentina and Turkey. It continued with global tariff conflicts and ended with fears about global growth in 2019 and with a further…
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A new death cross, by Blackfort Capital CIO Dr. Andreas Bickel