Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

Global Multi-Asset Investment Strategist

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Thematic (Sector/Industry)

<ul>
<li>Despite the rise and rise of the Magnificent 7, clues that this has made the S&amp;P 500 Index, and hence US stocks riskier, are limited.</li>
<li>However, looking at betas against other stock market indices and other asset classes reveals that risk associated with US stocks is trending slightly higher.</li>
<li>The key takeaway from this analysis, however, is that Treasuries - showing higher volatility and less diversification benefits - ARE quickly losing their appeal within a multi-asset portfolio.</li>
</ul>


Despite the rise and rise of the Magnificent 7, clues that this has made the S&amp;P 500 Index, and hence US stocks riskier, are limited.
However, looking at betas against other stock market indices and other asset classes reveals that risk associated with US stocks is trending slightly higher.
The key takeaway from this analysis, however, is that Treasuries - showing higher volatility and less diversification benefits - ARE quickly losing their appeal within a multi-asset portfolio.


Are the Magnificent 7 a Danger to Your Portfolio?

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>The SPX, Nasdaq 100, and DJI breaking out to new all-time highs following 3-week consolidations. Russell 2000 (IWM), S&amp;P 400 (IJH), Vanguard ExtendedMarket (VXF), countless other Sectors/industries breaking out also.</li>
<li>This is classic bull market behavior. Considering market dynamics remain healthy, this is all evidence that supports our ongoing bullish outlook.</li>
<li>Software, Data Storage buys: NTAP, NTNX, DBX, VRNS, and CVLT. Investment Banking &amp; Brokerage, Mid-Cap buys: JEF, SF, EVR, MC, and LAZ</li>
</ul>


The SPX, Nasdaq 100, and DJI breaking out to new all-time highs following 3-week consolidations. Russell 2000 (IWM), S&amp;P 400 (IJH), Vanguard ExtendedMarket (VXF), countless other Sectors/industries breaking out also.
This is classic bull market behavior. Considering market dynamics remain healthy, this is all evidence that supports our ongoing bullish outlook.
Software, Data Storage buys: NTAP, NTNX, DBX, VRNS, and CVLT. Investment Banking &amp; Brokerage, Mid-Cap buys: JEF, SF, EVR, MC, and LAZ


Breakouts Proliferate; Bullish Outlook Intact; Small- And Mid-Caps to Lead?

Cross Asset Strategy

<ul>
<li>The Empire State Manufacturing Survey has crashed! Only two months during COVID-19 were worse. So, how bad is it?</li>
<li>China is a mess. And it just got worse. The Hang Seng Index collapsed. Are Chinese stocks a buy yet?</li>
<li>UK inflation added to the ‘we must remain hawkish’ narrative of central banks. Yet, many rate cuts are coming.</li>
</ul>


The Empire State Manufacturing Survey has crashed! Only two months during COVID-19 were worse. So, how bad is it?
China is a mess. And it just got worse. The Hang Seng Index collapsed. Are Chinese stocks a buy yet?
UK inflation added to the ‘we must remain hawkish’ narrative of central banks. Yet, many rate cuts are coming.


The Weekly Market Monitor – US Hawkishness, Bitcoin Memes, and China's Value Trap

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Macroeconomics

<ul>
<li>Retail sales in December rose by 0.6% MoM, beating analyst expectations. Core retail sales also grew stronger than expected. </li>
<li>Automobile, clothing and accessories, and online store sales led growth on a MoM basis, while food services sales growth remained flat.</li>
<li>Given the buoyant growth in sales, traders pared back their expectations of a Fed interest rate cut in March 2024.</li>
</ul>


Retail sales in December rose by 0.6% MoM, beating analyst expectations. Core retail sales also grew stronger than expected. 
Automobile, clothing and accessories, and online store sales led growth on a MoM basis, while food services sales growth remained flat.
Given the buoyant growth in sales, traders pared back their expectations of a Fed interest rate cut in March 2024.


Mint Macro Roundup: Upbeat US Retail Sales in Dec Trims Markets Rate Cut Expectations in March

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>Recent US economic data has been mixed on the inflation/growth front. </li>
<li>Fed dot plot and messaging at odds with market expectations.</li>
<li>The extent of rate cuts is correct, but timing is likely not.</li>
</ul>


Recent US economic data has been mixed on the inflation/growth front. 
Fed dot plot and messaging at odds with market expectations.
The extent of rate cuts is correct, but timing is likely not.


US Interest Rates and the Dollar and Impact on Markets

United States

The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities and serves as the foundation for a wide range of investment products. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

S&P 500 INDEX (SPX INDEX)

Are the Magnificent 7 a Danger to Your Portfolio?

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Breakouts Proliferate; Bullish Outlook Intact; Small- And Mid-Caps to Lead?

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