Are you saving enough?
Genevieve Signoret
Letter from the President Most people I meet aren’t saving enough. Are you? To answer, ask yourself the following: Consider each life stage: while your children are dependent and live at home, while they’re still dependent but are away at school, after they’ve become financially independent but you’re still working, and after you retire. What […]
Watch for FOMC minutes, and GDP in Mexico and Japan
Genevieve Signoret
Macro Views Events in red are those most likely to shake markets. Monday 17 Japan: GDP (Q3, preliminary). Because of the April tax hike, Japan’s GDP contracted in Q2. We and the consensus think it rebounded in Q3. Consensus: +2.80% q/q saar (from –7.10% in Q2). Turkey: Unemployment rate (Aug). Euro Area: Foreign trade (Sep). USA: […]
La renta variable estadounidense de baja volatilidad toma el primer lugar
Genevieve Signoret
Nuestro desempeño En los últimos tres meses, las clases de activos en nuestros portafolios modelo[1] de mayor rentabilidad en términos del dólar estadounidense fueron la renta variable de baja volatilidad (7.2%), la del sector financiero (6.3%) y la de capitalización grande de EE UU (4.8%). Las de peor desempeño (en dólares) fueron una amplia gama […]
U.S. low volatility equity takes first place
Genevieve Signoret
Our Performance In the past three months, the asset classes in our model portfolios[1] that delivered the highest U.S. dollar returns were U.S. low volatility equity (7.2%), U.S. financial services equity (6.3%), and U.S. large cap equity (4.8%). Producing the lowest returns (in dollar terms) were broad commodities (–13.8%), U.S. energy equity (–10.7%), and developed […]
10y UST 2.50% on December 31
Genevieve Signoret
Fixed Income At the close of yesterday, yield on a 10-year UST was 2.35%. For December 31, we revise down our forecast to 2.50% from a previous 2.60. Risk premia on long-term corporate bonds have moved closer to their long-term average. Although the correction has been painful, today’s wider spreads strike us as more stable […]
The U.S. equity bull appears to be back
Genevieve Signoret
Equity U.S. equity appears to have resumed its bull market trend
The dollar is king still
Genevieve Signoret
Currencies The dollar continues to be king. The euro has sunk to US$1.25, the peso is oscillating around $1.00=MXN13.58, and the yen has plunged to $1.00=¥116. We continue to expect the peso to strengthen to $1.00=13.30 by year end. The dollar continues to be king Yet we continue to expect the peso to strengthen to $1.00=13.30 […]
Yellen speech, China data, EZ GDP, Banxico minutes, IEA report
Genevieve Signoret
Macro Views Events in red are those most likely to shake markets. During the week Mexico: Auto production and sales (Oct). Monday 10 China: Consumer prices (Oct). Consensus: 1.6% year on year (from 1.6% in Sep). Turkey: Industrial production (Sep). USA: World agricultural supply and demand estimates (Oct). Mexico: SHF house prices (Q3), fixed investment […]
La RV de baja volatilidad de EE UU, la del sector financiero y los bienes raíces estadounidenses son líderes
Genevieve Signoret
Nuestro Desempeño En los últimos tres meses, las clases de activos en nuestros portafolios modelo[1] de mayor rentabilidad en términos del dólar estadounidense fueron los renta variable de baja volatilidad de EE UU (9.9%), la renta variable del sector financiero (8.6%) y los bienes raíces estadounidenses (5.1%). Las de peor desempeño (en dólares) fueron una […]
U.S. low volatility equity, financial services equity, and U.S. real estate lead the pack
Genevieve Signoret
Our Performance In the past three months, the asset classes in our model portfolios[1] that delivered the highest U.S. dollar returns were US low volatility equity (9.9%), US financial services equity (8.6%), and U.S. real state (7.1%). Producing the lowest returns (in dollar terms) were broad commodities (–13.9%), U.S. energy equity (–8.6%), and developed market […]