March 28, 2021

Last week global stock market was swinging between the bookend of the past year's steady gain and this year's volatility caused by interest rate fear. Major Global indices logged solid gains so far, having nearly one quarter of 2021 in the books. The stock market rebound over the last 12 months was exceptionally strong, following …

Download report

March 21, 2021

Today, March 21st is the one-year anniversary of the fastest bull-to-bear market, i.e. market bottom, on record. We experienced a lot during the past year, as stocks, commodities, and long-term yields have come a long way thanks to better economic prospects, historical fiscal spending, and broad central bank monetary policy accommodations. The global economy has …

Download report

March 14, 2021

Last week stocks rallied and major global indices touched new record highs, amid progresses in vaccination, fast approaching reopenings, and the $1.9 trillion U.S. fiscal stimulus package as President Biden signed into law on Thursday. The new bill which, in our view, could be the last stimulus check is distributed as follows...:

Download report

March 07, 2021

Last week global stock market continued its wrestling with the interest rate, as the yield rapidly topped 1.6% and stock market sold-off. Investors are clearly divided into two separate camps, with below rationales: 1. Higher interest rates and higher stock prices cannot exist together. 2. Stock sold-off excessively, amid a new direction for the market. …

Download report

February 28, 2021

Both, equities and fixed income finished an unsettled week, as all eyes were on interest rates. Bonds were bleeding across the spectrum and bond volatility spiked to the highest level since April, which eventually spilled over to all asset classes. Yields are marching up from their historical lows, over the last two months, or better …

Download report

February 14, 2021

Major global indices finished modestly positive, last week, amid strong earnings, optimism about fiscal stimulus and some sound structure around vaccine distribution. The hot topic in the market, for now, is inflation. Investors are mainly concerned about how inflation will affect sectors and the bullish market. Last week inflation data was quite depressing and U.S. …

Download report

February 07, 2021

What a difference a week makes! Last week, major global indices posted their best weekly gain since November, amid investors' optimism over fiscal stimulus and progress on vaccine distribution Just a week before, some speculated that GameStop mania which sparked market pull back, was a signal of a broader market bubble We did not We …

Download report

January 31, 2021

Global stocks logged their biggest weekly loss in three months, amid volatile trading in certain pockets of the market and fear of speculative excesses. Last week made no history – just a syllabus for unique market behaviour, as the stock of a video game retailer, GameStop, skyrocketed and a narrative of small day traders versus …

Download report

January 24, 2021

Over the last week, major global indices finished slightly off record high, as investors were balancing positive news on vaccine rollout and generous fiscal stimulus, with near-term challenges of worsening coronavirus news and the sustainability of government deficit levels....

Download report

January 17, 2021

Last week stocks took a breather and declined modestly, after posting record highs the week before. Investors weigh in President elect's $1.9 trillion fiscal-stimulus plan, which was smaller than expected, disappointing vaccine distributions and new economic lockdowns that could be here for longer time....

Download report

January 10, 2021

Happy new year with the best wishes, to all our readers! Stocks started 2021 on a strong note, globally, with major indices hitting new record highs last week. Now, having the book of 2020 closed – a year with a global pandemic beyond imagination, U.S. presidential elections, a historic recession, the fastest bull to bear …

Download report

December 20, 2020

Last week global stocks edged higher, with U.S. indexes at fresh new record highs. Curtsy of Fed's ability to continue its emergency lending programs, along with a brighter long-term outlook amid vaccine rollouts. Yet, investors are waiting for something more than Santa, as the negotiation between Democrats and Republicans for a new fiscal aid appears …

Download report

December 13, 2020

Last week major global indices hit fresh record highs before pulling back and ending the week on the low note. A postponed stimulus package in the U.S., no-deal Brexit, and recent restrictions in activities amid worsening of coronavirus trends, all attributed to the negative mood. Is this complacency or justified optimism? In our view, it …

Download report

December 06, 2020

Last week, on the turn of the calendar to December, U.S. stocks hit new highs, amid the progress for a vaccine, the current state of the economy and a potential fiscal package in Washington. Other major indices finished mixed. Clearly, global stocks, which have rallied more than 50% on average since late March with a …

Download report

November 29, 2020

November 2020 made history in stock market, so far. Global stocks closed in one of best-ever month, thanks to positive coronavirus-vaccine news that over-ruled climbing Covid-19 cases and soft economic data of a short trading week due to Thanksgiving. U.S. stocks posted fresh record highs with the Dow Jones up more than 12% for the …

Download report

November 22, 2020

Last week global stocks were positive, while the equity market tried to balance out encouraging vaccine news against ever-growing economic restrictions amid rising virus cases. During the last two weeks, stocks faced what we call a “rotation”, i.e. a change in leadership across asset classes, after Pfizer’s vaccine announcement on 11/9, followed by Moderna’s, and …

Download report

November 15, 2020

Last week global stocks posted a second week of gains, with S&P 500 closing at a new record high, courtesy of the Pfizer and BioNTech announcement that their vaccine had a 90% effectiveness in their large study. The knee-jerk reaction of investors to Pfizer's vaccine breakthrough almost made the U.S. election outcome a non-event for …

Download report

November 08, 2020

Last week global stocks rallied sharply and posted their best weekly gain since early April, with the biggest equity gains in Europe. Finally, a deeply divisive U.S. presidential campaign came to an end this week as Democrat Joe Biden announced his victory over Donald Trump. Here is a brief re-cap of how the Trump presidency …

Download report

November 01, 2020

Last week market celebrated Halloween as it slumped globally, except in China. This year has been too horror filled already, without Halloween. The S&P 500 closed more than 2% lower than where it started the week, for the 11th time this year, compared to the average of about 3 times a year since 2010. News …

Download report

October 25, 2020

Last week, the 33rd anniversary of "Black Monday", global stocks except Asian equities declined modestly. The headline news, from U.S. presidential election to vaccine reality check with new restrictions in place, were dominating the market....

Download report