Themes:
Last night on radio I spoke about the value versus growth theme and also mentioned our custom safe-haven index which has now broken to the upside of the channel in place since July.
In terms of value vs growth, I also mentioned on Monday that Q2 & Q3 2020, value over growth & cyclicals over defensives were easier calls than it is now. For e.g. Deere went from $180 to nearly $400 in 8 months while financials are nearly 2x. If one is buying value or cyclicals NOW, you should consider that it may pull back following the very strong run. In that case, your time horizon and ability sit tight is going to matter immensely.
Above are some of the themes I'm influence my medium term decisions.
- Value vs Growth: General trend is higher.
- US Small vs Large Caps: Finding support on the 200-day SMA
- S&P 500: Rolling over slightly
- Emerging Markets continues to be weak versus developed markets
- Global Safe-Haven Index: Channel break out, may back-test before moving higher again.
Moving Averages = 200-Day Simple
Last night on radio I spoke about the value versus growth theme and also mentioned our custom safe-haven index which has now broken to the upside of the channel in place since July.
In terms of value vs growth, I also mentioned on Monday that Q2 & Q3 2020, value over growth & cyclicals over defensives were easier calls than it is now. For e.g. Deere went from $180 to nearly $400 in 8 months while financials are nearly 2x. If one is buying value or cyclicals NOW, you should consider that it may pull back following the very strong run. In that case, your time horizon and ability sit tight is going to matter immensely.
Above are some of the themes I'm influence my medium term decisions.
- Value vs Growth: General trend is higher.
- US Small vs Large Caps: Finding support on the 200-day SMA
- S&P 500: Rolling over slightly
- Emerging Markets continues to be weak versus developed markets
- Global Safe-Haven Index: Channel break out, may back-test before moving higher again.
Moving Averages = 200-Day Simple