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

MSCI Emerging Markets Index / Technical Analysis

Global equities continue to trend higher following breakouts that have occurred during the past two weeks. Over this timeframe we have been recommending adding exposure to cyclical Sectors and, despite them getting near-term extended, we believe these upside moves are likely just getting going. Additionally, the US dollar is breaking below support and EM equities are breaking above resistance, only adding to our bullish outlook on global equities. We highlight actionable set-ups within the Consumer Discretionary, Global Real Estate and Utilities Sectors.

Global equities continue to trend higher following breakouts that have occurred during the past two weeks. Over this timeframe we have been recommending adding exposure to cyclical Sectors and, despite them getting near-term extended, we believe these upside moves are likely just getting going. Additionally, the US dollar is breaking below support and EM equities are breaking above resistance, only adding to our bullish outlook on global equities. We highlight actionable set-ups within the Consumer Discretionary, Global Real Estate and Utilities Sectors.

Global Equity Strategy: Still Bullish, But Extended Near-Term

After failing to break above resistance, global equities (MSCI ACWI) have had a rough start to the third quarter. Continued weakness in global manufacturing and the U.S.-EU tariff escalation raises the potential for a breakdown in global equities, however our outlook remains neutral as long as the MSCI ACWI remains confined to its horizontal range. In today's report we highlight attractive and actionable set-ups within technology, construction and engineering, and real estate.

After failing to break above resistance, global equities (MSCI ACWI) have had a rough start to the third quarter. Continued weakness in global manufacturing and the U.S.-EU tariff escalation raises the potential for a breakdown in global equities, however our outlook remains neutral as long as the MSCI ACWI remains confined to its horizontal range. In today's report we highlight attractive and actionable set-ups within technology, construction and engineering, and real estate.

Global Equity Strategy: Prevailing Trends Persist

We highlight attractive and actionable themes within developed international markets, including actionable set-ups across among: Non-bank Financials, Japanese Technology stocks, and within European Discretionary, Industrial, Health Care, and Staples sectors.

We highlight attractive and actionable themes within developed international markets, including actionable set-ups across among: Non-bank Financials, Japanese Technology stocks, and within European Discretionary, Industrial, Health Care, and Staples sectors.

Developed International Equity Strategy: Favor EAFE over EM

Diversified Industries

Avi Dalfen

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

Thematic (Sector/Industry)

<ul>
<li>We published a series of Insights explaining our positive outlook for the industrial segment of the global Real Estate sector.</li>
<li>Currently, companies in this segment are capitalizing on strong fundamentals to raise new equity capital. They are using the proceeds from these deals to fund property acquisitions and developments, and to deleverage their balance sheets, thereby setting the stage for continuing growth.</li>
<li>This trend is especially notable because it is taking place in a range of geographic locations, around the world.</li>
</ul>


We published a series of Insights explaining our positive outlook for the industrial segment of the global Real Estate sector.
Currently, companies in this segment are capitalizing on strong fundamentals to raise new equity capital. They are using the proceeds from these deals to fund property acquisitions and developments, and to deleverage their balance sheets, thereby setting the stage for continuing growth.
This trend is especially notable because it is taking place in a range of geographic locations, around the world.


Continuing Positive Outlook for Last Mile Industrial Real Estate Supports New Financings Globally

<a href="https://www.smartkarma.com/entities/39" target="_blank" data-smartkarma-citation="entities:39:1">Ascendas Real Estate Investment Trust (AREIT SP)</a> announced that it will acquire a portfolio of 12 logistics properties in the United Kingdom for £207 million.   Ascendas is #22 in our ranking of publicly traded companies that are plays on the industrial segment of the Real Estate sector (see: <a href="https://www.smartkarma.com/insights/the-global-plays-on-growing-demand-for-last-mile-industrial-real-estate" target="_blank" data-smartkarma-citation="insights:22092">The Global Plays on Growing Demand for Last Mile Industrial Real Estate</a>).
After the transaction closes, the U.K. portfolio will make up only about 3% of Ascendas' total assets.  However, this acquisition is…

Ascendas Real Estate Investment Trust (AREIT SP) announced that it will acquire a portfolio of 12 logistics properties in the United Kingdom for £207 million.   Ascendas is #22 in our ranking of publicly traded companies that are plays on the industrial segment of the Real Estate sector (see: The Global Plays on Growing Demand for Last Mile Industrial Real Estate).
After the transaction closes, the U.K. portfolio will make up only about 3% of Ascendas' total assets.  However, this acquisition is…

Ascendas Reit's U.K. Deal Juxtaposes Regional Markets for Last Mile Industrial Real Estate

United Kingdom

SEGRO plc is a property investment and development company. The Company provides flexible business space across Europe with offices, light industrial, logistics, warehouses and data center properties.

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Segro PLC (SGRO LN)

Global Equity Strategy: Still Bullish, But Extended Near-Term

Global equities continue to trend higher following breakouts that have occurred during the past two weeks. Over this timeframe we have been...

Vermilion Research

Global Equity Strategy: Prevailing Trends Persist

After failing to break above resistance, global equities (MSCI ACWI) have had a rough start to the third quarter. Continued weakness in global...

Vermilion Research

Developed International Equity Strategy: Favor EAFE over EM

We highlight attractive and actionable themes within developed international markets, including actionable set-ups across among: Non-bank...

Vermilion Research

Continuing Positive Outlook for Last Mile Industrial Real Estate Supports New Financings Globally

We published a series of Insights explaining our positive outlook for the industrial segment of the global Real Estate sector. Currently,...

Avi Dalfen

Ascendas Reit's U.K. Deal Juxtaposes Regional Markets for Last Mile Industrial Real Estate

Ascendas Real Estate Investment Trust (AREIT SP) announced that it will acquire a portfolio of 12 logistics properties in the United Kingdom...

Avi Dalfen

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