For this final update of the year, we take a look at the risks from a global macro perspective, a more detailed evaluation at the currency and equity situation in Asia, and finish with some thoughts on possible entry points for self-made and serious equity investors. Risks and caution in 2024 Will 2024 offer a […]
Category: Markets
The best investment results come from exploiting the differences between the way things are supposed to work and the way they currently do.
For investors in global macro equities, the reopening of China calls for an overweighting of Asian equities despite expected volatilities.
The dilemma central banks between financial instability and high inflation continues.
Although equity markets have had worse episodes, rarely have things been so catastrophic in so many asset classes than 2022.
By tracking key ETF price ratios (PER and PEG) and forex levels, you can identify good entry points into regions and currencies for long-term investing.
The environment has become unfavorable for virtually all investments, but the investors should be reluctant to make significant portfolio changes based on uncertain alpha research.
One should be careful with concentrated ETFs as we have seen during this first quarter in case of ETFs focused on Russia, but also on a specific region (Eastern Europe) or on a theme (BRIC).
If interest rates rise in the US in 2023 and in Europe in 2024, a decline in equity returns is likely in the medium term for developed countries and US large caps.
In order to avoid the overpriced European big caps, some ETFs covering Germany, England or broader capitalization seem more attractive.
