Technology

Highlights The long term direction for the pound is higher... ...but as the EU withdrawal bill passes through the U.K. parliament, expect a very hairy ride. The stock markets in Norway, Sweden and Denmark are driven by energy, industrials, and biotech…

Highlights The renaming of telecommunication services and reallocation of some tech and consumer discretionary stocks ends a long run of a purely domestic, defensive GICS1 sector. Our initial recommendation is underweight for the newly minted S&P…

Underweight In yesterday's Daily Insight, we highlighted our neutral barbell portfolio in tech, staying overweight secular growth defensive tech sub-sectors (namely S&P software and S&P tech hardware, storage & peripherals, both of which are…

  Neutral The stratospheric rise of tech profits, particularly in the past two years, have done most of the heavy lifting in pulling the S&P 500's profit margin ever higher, pushing the index itself to new all-time highs last month. The…

Highlights Portfolio Strategy Stick with a neutral weighting in the tech sector as rising interest rates, higher inflation and a firming greenback offset improving industry operating metrics on the back of the virtuous capex upcycle. Chip and chip…

Following up from our inaugural U.S. Equity Market Indicators Report in early-August 2017, this week we introduce the second part in our Indicators series. In this Special Report we have drilled down to the ten GICS1 S&P 500 sectors (excluding the real…

The S&P communications equipment index received a substantial leg up in the past month as the quarterly results issued by index giant Cisco proved more resilient than anticipated and growth surpassed analyst expectations. However, on the earnings call…

  Overweight (High-Conviction) The S&P tech hardware, storage & peripherals (THSP) index has been an outstanding performer on our high-conviction list, returning more than 15% relative to the S&P 500 in the less than five months since…