Materials
Highlights Portfolio Strategy While equities will likely be higher in the coming 9-12 months, we would refrain from committing fresh capital to the market at this juncture. A better entry point lies ahead. Tactically, this market needs a breather to digest the V-shaped formation since last…
Heed The Chinese Reflationary Message…
S&P Materials Update - Heed The Chinese Reflationary Message…
Highlights Stay tactically overweight to equities for the time being. Close the overweight to industrial commodities versus equities. The financials, basic resources, and industrials equity sectors can continue to outperform for a few months longer. EM can also continue to outperform DM for…
Containers & Packaging Stocks Surprise In Q4…
Key Portfolio Highlights The S&P 500 has started 2019 with a bang as dovish cooing from the Fed has proven a tonic for equities. While we have not entirely retraced the path to the early-autumn highs, our strategy of staying cyclically exposed, based on our view of an absence of a…
Steel Fundamentals Make A Compelling Case…
S&P Materials Vs. Utilities…
A playable market-neutral opportunity has resurfaced to buy materials at the expense of utilities stocks and in yesterday’s Weekly Report, we outline our top seven reasons why investors should put on this pair trade on a tactical (3-6 month) horizon. As noted in our previous Insight…
Highlights Portfolio Strategy We highlight our top seven reasons of why it pays to initiate a long materials/short utilities pair trade this week. Enticing long-term residential real estate prospects, a vibrant labor market, the recent improvement in house affordability, encouraging industry…