Jeroen Blokland Financial Markets Blog

Main Menu

Skip to content
  • ABOUT

Category Archives: TACTICAL ASSET ALLOCATION

The average return doesn’t exist (2021 edition)

January 4, 2021by jsblokland Leave a comment

Welcome to this year’s update of the ‘average return doesn’t exist’ blog, revealing that the average return on equities is mostly a statistic, and is rarely seen in reality. However, […]

Read Article →
EQUITIES, FINANCIAL MARKETS, TACTICAL ASSET ALLOCATION

Bond issues

October 5, 2020by jsblokland Leave a comment

What to do about government bonds? The yield on government bonds is historically low, while the risk is high. In the event of rising inflation, they offer little or no buffer. Nevertheless, we shouldn’t ban them completely from multi-asset portfolios just yet.

Read Article →
BONDS, MACRO, TACTICAL ASSET ALLOCATION

Valuation puzzle

August 21, 2020by jsblokland Leave a comment

Equities are expensive. It’s difficult to argue against this. But does this also mean that markets will fall sharply? Assuming that there are plenty of other factors that could drag […]

Read Article →
EQUITIES, TACTICAL ASSET ALLOCATION

It’s too early to get too gloomy about stocks

February 10, 2020by jsblokland Leave a comment

An unexpected and unfortunate outbreak of the coronavirus puts pressure on the sustainability of the increase in global growth momentum. The fact that the uptick in momentum had only just […]

Read Article →
EQUITIES, FINANCIAL MARKETS, TACTICAL ASSET ALLOCATION

The average return doesn’t exist (2020 edition)

January 9, 2020by jsblokland Leave a comment

Here’s this year’s update of the ‘average return doesn’t exist’ blog showing that the average return on equities is mostly a statistic, and is seldomly seen in reality. And last […]

Read Article →
EQUITIES, FINANCIAL MARKETS, TACTICAL ASSET ALLOCATION

Is the ‘great rotation’ upon us?

September 16, 2019by jsblokland Leave a comment

Stock markets have been fairly quiet in recent days, moving higher most of the time. But underneath, a spectacular rotation has been going on. Value stocks – which have lagged […]

Read Article →
EQUITIES, TACTICAL ASSET ALLOCATION

Yield curve inversion, recessions and asset class returns

May 8, 2019by jsblokland Leave a comment

The US yield curve has (almost) inverted, and this has been making headlines for the last couple of months now. This should come as no surprise, as the yield curve […]

Read Article →
FINANCIAL MARKETS, MACRO, TACTICAL ASSET ALLOCATION

Where is the decline?

May 6, 2019by jsblokland Leave a comment

The chart above, created by JP Morgan, shows the calendar year returns on the S&P 500 Index and the intra-year drops that occurred during those years. This reveals an interesting […]

Read Article →
EQUITIES, TACTICAL ASSET ALLOCATION

Equity v Bond Returns

April 29, 2019by jsblokland Leave a comment

Charts showing massive divergence are interesting to look at most of the time. And the ‘gap’ chart between US equity and bond returns is no exception. Since the start of […]

Read Article →
BONDS, EQUITIES, TACTICAL ASSET ALLOCATION

Earnings growth is not a prerequisite for higher equity prices

February 26, 2019by jsblokland Leave a comment

With global growth leveling off, investors are more focused than ever on corporate results. These reveal a less rosy picture than in previous years and company expectations are very muted. […]

Read Article →
EQUITIES, FINANCIAL MARKETS, TACTICAL ASSET ALLOCATION

Post navigation

1 2 … 5 Next →

Search

CATEGORIES

  • BONDS
  • EQUITIES
  • FINANCIAL MARKETS
  • FX
  • MACRO
  • QUICK FACTS
  • TACTICAL ASSET ALLOCATION
  • Uncategorized

MOST RECENT

  • The average return doesn’t exist (2021 edition)
  • 2020 in tweeted charts!
  • Bond issues
  • Valuation puzzle
  • The Great Lockdown Recession

LINKS

  • Columns IEX
  • Columns Seeking Alpha
  • Fama & French Data
  • MeasuringWorth

Tags

asset allocation Banks Bitcoin BoJ Bonds bond yield bond yields Brazil Brexit central banks China commodities consumer spending CPI debt Debt-to-GDP Deflation Dow Jones Index Draghi Earnings ECB Emerging Markets Equities Equity returns Euro Eurozone Fed Federal Open Market Committee Federal Reserve Federal Reserve System FOMC GDP gdp growth Gold government bonds Greece Grexit high yield bonds IMF Inflation Interest rate Interest Rates ISM Italy Japan Monetary Policy Money supply negative yields Nikkei nonfarm payrolls oil opec PMI PPI QE Quantitative Easing Recession retail sales Russia S&P 500 S&P500 S&P 500 index Seasonality Sell in May September spain Stock markets unemployment USD Valuation VIX VIX index Volatility Yellen yen

Archive

Subscribe here to receive my Newsletter

Twitter (@jsblokland)

  • What is the next big thing in #equities? 1 hour ago
  • Apart from a very brief period early December, the #VIX Index has not traded below 20 since the global outbreak of… twitter.com/i/web/status/1… 1 hour ago
  • BREAKING! US retail sales down for three months in a row. https://t.co/uc3rvnR6Ve 6 hours ago
  • Yikes (part II after initial jobless claims)! US retail sales unexpectedly fell 0.7% in December. 0.0% was expected. https://t.co/Omm7wT4OcY 6 hours ago
  • BREAKING! Dutch Coalition falls two months before general elections. 7 hours ago
  • Stimulus: 'check' With ongoing government and central bank #stimulus 'confirmed', will focus on macro/sentiment/va… twitter.com/i/web/status/1… 7 hours ago
  • The richest 1% of US households hold 50% of all #equities! One step in reducing #inequality is enabling all househo… twitter.com/i/web/status/1… 10 hours ago
  • US fiscal policy is now expected to add to #GDP growth in 2021. Will other regions follow? (Chart J.P. Morgan) https://t.co/NXbsGVvx7W 12 hours ago
Follow @jsblokland

Sign up for my newsletter, or contact me at jsblokland1978@gmail.com or Twitter @jsblokland

Blog at WordPress.com.
Cancel