October lived up to its reputation as one of the most volatile months for markets, from a global bond bloodbath intensifying in the last week to a spike in energy costs. To stock bears’ chagrin, though, the tumult did nothing to halt the relentless rally in U.S. equities. During the week, MSCI ACWI All World…
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The Portfolio of Dividend-Yielding Global H.E.R.O. Innovators rose +3.5% nett during the week as at the end of 22 Oct 2021, with gains since its inception on 28 Aug 2020 at +29.8% and a NAV of over S$39 million. The earnings season in Europe started this week and enters full steam from next week, with…
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U.S. stocks began the week with losses, but turned higher after companies delivered robust results for the latest quarter. Each earnings season has provided the definitive antidote to the stock market’s ills, with the S&P 500 climbing six straight times each quarter since March 2020, advancing 4% on average over the six-week stretch. Retail sales…
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Stocks took one of the year’s more circuitous routes to an advance this week, led by Energy and Financials, with violent moves as U.S. nonfarm jobs data for September was the slowest this year at 194,000, far below the median projection of 500,000, and oil and natural gas producers surged amid an energy crisis in…
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Yield spike during the week resulted in an extreme, violent rotation into the Reopening/Cyclicals trade in Energy & Financials, with the dollar index soaring to a roughly one-year high, and rates-sensitive bonds and REITS plunging in a bloodbath, and the S&P 500 suffered its biggest weekly slide since February: MSCI ACWI All World index -2.1%,…
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