September 2024 barometer update
Eurozone inflation has reduced leading to expectations of a rate cut. European markets have reacted strongly. The FTSE is following suit closing above 8400 this month in spite of the impending budget and the likely strain on public finances. The Sector Rotation Clock has advanced within the Mid Expansion zone in the cycle. It is […]
Tags: Investing
August 2024 barometer update
There has been a rotation out of high growth US technology stocks into smaller cap and high growth non-technology stocks. As a consequence the FTSE is holding its position more strongly than the Nasdaq index which has slumped. In spite of this, the Sector Rotation Clock has remained at Mid Expansion in the cycle. Here […]
Tags: Investing
July 2024 barometer update
The US market has been dominated by “pure-play” AI stocks such as NVidia. However the UK market has seen an uptick in the quantity of mergers and acquisitions. In spite of this the FTSE 100 has been largely flat during the month. The Sector Rotation Clock has remained at Mid Expansion in the cycle. […]
Tags: Investing
June 2024 barometer update
World indices have experienced profit taking during May. However the last two trading days of May have seen prices increase. The Sector Rotation Clock has advanced to Middle Expansion in the cycle. Here is the clock with the bullish and bearish super-sectors updated: The super-sector Telecomms has moved to neutral from bearish, thereby unlocking […]
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May 2024 barometer update
How things have changed for the FTSE 100! In April it made 2.4%. In comparison, the Japanese Topix made -0.9%, the German DAX -2.0%, the Nasdaq -2.4%, the S&P 500 -2.6% and the Dow -3.6%. The Sector Rotation Clock hasn’t changed from Early Expansion in the cycle. Here is the clock with the bullish […]
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April 2024 barometer update
The MSCI World index has shown a gain in the first quarter of nearly 8%. This is the best quarterly performance for world stock markets for 5 years. The best region was Japan where the Topix made 16%. In comparison, the US S&P500 made 10% and the FTSE100 a mere 3%. The Sector Rotation […]
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March 2024 barometer update
World stock markets have made significant gains since the start of the year. However the FTSE 100 has been choppy in comparison and flat during February. Seasonality trends point to there being a low in March. The Sector Rotation Clock continues to point to Early Expansion in the stock market cycle. Technology and Consumer Discretionary […]
Tags: Investing
February 2024 barometer update
As expected, the FTSE 100 overextended itself during December and fell 300 points by mid-January. Since then it has done its best to make up this loss by closing at 7645 at the end of the month. The Sector Rotation Clock continues to point to Early Expansion in the stock market cycle. Technology and Consumer […]
Tags: Investing
January 2024 barometer update
The market is confident that the Federal Reserve will engineer a soft landing. This has resulted in a Santa Claus Rally. The US indices are all bullish while the FTSE 100 is neutral positive. The Sector Rotation Clock is pointing to Early Expansion in the stock market cycle. Technology and Consumer Discretionary top sectors confirm […]
Tags: Investing
December 2023 barometer update
I have done some more research on sector rotation theory. This aims to predict which sectors are likely to be favourable for investing at different stages of the investment cycle. There are five phases of the investment cycle each of which are associated with outperformance of different sectors. These are as follows: Market Phase High […]
Tags: Investing
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