Social and News

La “Ride and walk” per aiutare l’Etiopia

Si è svolta domenica la «Ride and walk with Compass for Africa», una giornata pensata per raccogliere donazioni e creare consapevolezza per l’operato della Fondazione Nuovo Fiore in Africa che la Compass Asset Management, dal 2014, sostiene nella costruzione di scuole in alcune aree dell’Africa.

Interesting chart that shows us that remarkable overperformance of the S&P 500 Index vs the S&P Global 1200 consumer staples Idx.
The situation in Europe is not that different by looking for example at the ratio between European Cyclicals 12m fwd P/E vs Defensives being at the moment more than 1 stdev above the average of the last 25 years…..

The end of the “Ex-Japan” era

In the last few months investors have been laser focused on Tech. The rise of Artificial Intelligence, the unstoppable move in the Magnificent 7 stocks and the return of Cryptos got everyone’s attention. However, behind the scenes, there is an underlying trend in the market that I believe does not get enough credit from the investor community, i.e. Japanese stocks are hot again…

Still good opportunities in EM fixed income and FX markets

Falling rates along with the avoidance of recession create a healthy environment for emerging markets, both fixed income and fx. Inflation remains under control across emerging economies, with long rate cutting cycles to take root…

Is there still life after the Chips’ hype?

the key question to answer is not whether the AI hype will last but how to select the companies being able to move first in the processes of exploiting the advantages of this technological disruption (monetization).
Semis were by construction the first beneficiaries and the graph below simply shows the overperformance of the 2 market leaders (NVDA and AMD)….