Emerging stocks could make a comeback in 2019
2018 wasn’t a pretty year for equity markets in general, and for emerging markets in particular. Global stocks fell 4.1% (in euros), whereas emerging market equities realized a negative return […]
Category Archives: TACTICAL ASSET ALLOCATION
The average return doesn’t exist (2019 edition)
Every year I post an update of the ‘average return doesn’t exist’ blog to show that the average return on equities is mostly a statistic, and is seldomly seen in […]
The pieces of the puzzle are slowly falling into place for emerging markets
Emerging market stocks often produce paltry returns when the US dollar strengthens. But recent developments point to a change in this trend, making emerging markets a more attractive investment prospect. […]
Midterm Elections – Stock markets tend to go up from here
The US midterm elections are behind us. As expected the Democrats took the House while Republicans hold the Senate. So what happens now? Surely we can’t tell, but if history […]
Rational Exuberance?
Here is a ‘surprise’ for you. The number of news stories stating that irrational exuberance is back on the stock markets is growing rapidly. In addition, irrational exuberance was mentioned […]
The Average Return Doesn’t Exist!
Ask a random stock market ‘guru’ at the beginning of the year what he or she expects what equities will do that year and you will probably get an answer […]
The Current High Yield Spread – What to make of it?
Hit by a sharp downturn in investor sentiment, US high yield spreads have widened to levels last seen since 2011. Back then, slowing (even negative in Q1) growth and the […]
Seven Charts on Market Behavior in September
September is upon us! This means we are entering the calendar month that’s considered by many as the cruelest for equities. And this year, as a ‘bonus’, it follows an […]
Sell in May – Early Summer Update
Here’s a very brief update on this year’s ‘Sell in May’ effect. The graph above shows that during last winter period (November – April) stocks yielded healthy returns. Especially in […]
Surprise Peak!
Lately, there has been a lot of attention for the major divergence in the macro surprise indices for the US and the Eurozone. The graph below shows this divergence for […]
Jeroen Blokland Financial Markets Blog 