Picking Your Battles Download PDF Seeking Protection Against Bears Instead of Corrections
Recent global equity market sell - offs, like those seen in the first quarters of both 2016 and 2018, justifiably generate media attention and -LSB-...]
Recent global equity market sell - offs, like those seen in the first quarters of both 2016 and 2018, justifiably generate media attention and investor concern.
In the United States, I think a big part of
this recent global equity market selloff, particularly the violent nature of it in October, is an indicator that perhaps the scars from the 2007 — 2009 financial crisis still are fairly deep.
Not exact matches
An increased appetite for emerging
markets has grown in
recent months, with
global investors moving on following excitement over U.S and then European
equities.
Emerging
market equity fund inflows have dropped to near zero in
recent weeks, while investors put money towards diversified
global equity funds.
If anything should be clear from the bubbles of
recent years, the greatest risks are not when prices are depressed, the economy is weak, and investors are frightened, but rather when prices are elevated and an unendingly positive outlook for technology, or housing, or
global growth, or private
equity, or emerging
markets, or commodities seems all but certain.
While
global growth for 2015 is, once again, likely to come in below estimates, the
recent volatility in China's
equity market is unlikely to exacerbate the slowdown.
Restore target allocations across
global equity markets: The strong performance of the S&P 500 Index has attracted cash into large - cap stocks in
recent months, but we recommend allocating into small - and mid-cap U.S.
equities, and into international
markets, if current allocations are below their long - term targets.
Meanwhile, Albert Edwards of SocGen suggested that there has been an excessive «move away from
equities» in
recent years — instead of noting, for example, that the volume of U.S. government debt foisted upon the public (even excluding what has been purchased by the Fed) has doubled since 2007, not to mention other sources of
global debt issuance, while the
market capitalization of stocks has merely recovered to its previously overvalued highs.
Despite the
recent fluctuations and concern about major corrections in
global equity markets, Craig Erlam, senior
market analyst at Oanda, says fundamentals, like corporate earnings, remain positive.
Reflecting concerns that the robust pace of world economic growth may not be sustained,
global equity markets have fallen in
recent weeks (Graph 19, Table 3).
Global and EM
equity, commodity and currency
markets have surged in
recent weeks after steep losses to begin the year, one of the most comprehensive — and as yet relatively unheralded - reversals since the financial crisis.
The
recent downturn in the
global equity market has been attributed to a litany of different things, including slowing growth in the United States, China, Europe and Japan, geopolitical issues in Russia and Ukraine, ISIS in the Middle East and even Ebola cases in the United States.
Norm Boersma, chief investment officer of Templeton
Global Equity Group, explains why his team doesn't see major cause for alarm amid the
recent market correction — and why they think conditions look ripe for a value - oriented approach.
Despite their rapid growth, one
recent tally found that ETFs represent roughly 4 % of the
global equity market by
market value.
Gavin Smith, who heads First
Global Credit, a firm that provides contracts - for - difference on global equities that can be bought with bitcoin, said the cryptocurrency markets are what traders have been looking for since volatility died down in recent
Global Credit, a firm that provides contracts - for - difference on
global equities that can be bought with bitcoin, said the cryptocurrency markets are what traders have been looking for since volatility died down in recent
global equities that can be bought with bitcoin, said the cryptocurrency
markets are what traders have been looking for since volatility died down in
recent years.
An additional benefit for U.S.
markets is the
recent creation of an 11th Real Estate Sector in the
Global Industry and Classification Standard (GICS), which includes
equity real estate investment trusts (REITs) and other publicly - traded real estate companies.