“Forecasts usually tell us more of the forecaster than of the future.” Warren Buffett A forecast or prediction is a statement about the events, conditions or developments that are expected to happen in the future. The difference between a forecast…
Stock market price-earnings-ratios are nothing else like inverted earnings yields. They are regularly used to assess the valuation of equities as an asset class. If you apply the same methodology to bond markets, e.g. the German Bund market, it becomes…
During the recent period of euphoria, stock markets neglected defensive sectors. These interrupted their relative outperformance trends. This, however, has changed in the recent weeks.
Risk management involves systematically identifying and evaluating risks as well as managing the response to the risks that have been identified. It is usually performed by specialised employees within a company and has become increasingly important since the 2008 financial…
Quality shares, measured by the STOXX® Global Strong Quality 50, have resumed their outperformance vs. global equities.
Adjusted for inflation, US Treasuries have mainly been a poor investment in the past.
Share prices of European financials have broken their downward trends relative to market indices.
Two groups of countries have emerged in the global economy: nations that accumulate deficits due to high ongoing capital imports, and countries funding these nations with money generated by their export surpluses. The principal reasons for the excessive capital imports…
With a Steady Hand 