The picture for the Communication Services sector has worsened since we last looked at the group in a bearish light in April. Under the surface, the defensive Telecommunication stocks are holding up better than the offensive Media and Entertainment names. Breadth, at...
As Global Equity market volatility remains elevated, the focus for investors who must maintain equity allocations continues to be a relative game. Despite a reprieve in interest rates backing off from their upside trend, it still hasn’t been enough for major fixed...
Stocks remain under pressure in the U.S., with the S&P 500 and the NASDAQ 100 closing lower for the seventh consecutive week. Our view remains that investors who must maintain an allocation to equities are playing a relative game, with the goal of focusing on what...
As the rangebound price action continues to frustrate investors in the space, under the surface, the group has been outperforming the S&P 500 during this period of heightened market volatility. Unsurprisingly, defensive industries such as Providers & Services...
Global Equity & Interest Rate volatility continues to take its toll on balanced investors, with Commodities being the only space that has managed to hold its ground. For many investors, the opportunity set continues to paint a bleak picture, with a focus on...
The losing streaks for U.S. and global equity markets continue to expand, and it is hard to make a compelling case for the asset class until there is evidence that selling pressure is abating or that there has been a capitulation. Treasuries are trying to find a...
