Friday Investment Talk: ESG, Corporate Debt, and Fundamental Weakness

This Friday we follow up on our ESG webinar from Wednesday. ESG ETFs have witnessed explosive growth in terms of AUM and number of listings. ESG outperfomance vis-a-vis SPX and even the NDX is evident lately. Certain institutional investors have pushed this stretched trend recently. Many market indicators (both fundamental and technical) are very overbought. Read more ➝

Friday Investment Talk

FRIDAY INVESTMENT TALK: NDX at all time highs

Markets are still bullish, although even more overbought than last week. Today’s unexpected employment report provides fuel for higher prices. MLPs are leading momentum in all high dividend paying ETFs. Defense and Transportation (Airlines) showed strength this week. Value plays have rebounded sharply, while software companies look vulnerable with high valuations. Defaults are rising. Investors have piled money into cash equivalents. We look at the EUR/USD and Palladium also.

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Seasonal Update: Tech and Utilities

Large daily moves in both directions of 2-5% and huge intraday swings have taken a toll on markets and psyches. But the February 28 low has held through this week’s wild swings.

According to sector seasonality, there are two sectors that begin their seasonally favorable periods in March: High-Tech and Utilities.

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