Una oportunidad de compra
Genevieve Signoret
Carta de la Presidente Seis breves ideas desde Boston: Creemos que el actual período de aversión al riesgo es una mera corrección. Por lo tanto es una oportunidad de compra y no amerita un cambio de estrategia. Sé que cuesta invertir más dinero en el mercado cuando los precios están a la baja, ¿pero desde […]
A buying opportunity
Genevieve Signoret
Letter from the President Six quick thoughts from Boston: We think that the current bout of risk aversion is a mere correction. Hence it’s a buying opportunity and does not warrant a change in strategy. I know it’s hard to put more money into the market when prices are falling, but since when has self-discipline […]
Watch earnings reports
Genevieve Signoret
Macro Views Events in red are those most likely to shake markets. Tuesday 14 Global: IEA monthly oil market report (Sep). Oil prices are low. Very low. Some folks say it’s because of China demand, other others say it’s because of supply. We can’t figure out why OPEC isn’t cutting supply. India: Wholesale prices (Sep). […]
La renta fija de EE UU es categoría líder
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 bonos del tesoro de EE UU de mediano plazo (2.1%) y los bonos corporativos con grado de inversión de corto plazo estadounidenses (0.4%). Las de peor desempeño (en dólares) fueron […]
U.S. Fixed income takes the lead
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. medium–term treasuries (2.1%), and U.S. investment-grade short-term credit (0.4%). Producing the lowest returns (in dollar terms) were U.S. energy equity (–12.7%), Germany equity (–14.2%), and broad commodities (–12.7%). Over the past 12 […]
Poor global data pushes bond prices up
Genevieve Signoret
Fixed Income Although the U.S. and Mexican economies are strengthening, elsewhere the data have been poor. Also, the dollar has been strengthening, posing a risk to demand for U.S. (and, thus, Mexican) exports. Hence, markets are wondering whether the Fed might wait longer than earlier expected to hike rates. This is pushing down yields on […]
Equity correction is a buying opportunity
Genevieve Signoret
Equity Most stock markets are in what we believe to be a correction. Corrections are transitory. We see the correction as a buying opportunity. Most stock markets are correcting. We think it’s temporary.
We hold to our USD/MXN forecast
Genevieve Signoret
Currencies The dollar continues to strengthen, fed by risk aversion (dollars are flowing into safe-haven U.S. Treasuries) and divergent outlooks for monetary policy (in the next year, the European Central Bank (ECB) and the Bank of Japan (BoJ) are expected to loosen further while the Federal Reserve is expected to tighten). We expect the ongoing […]
Regresamos 7 octubre 2014
Genevieve Signoret
Cuatro veces por año ponemos este blog en pausa por dos semanas para realizar proyectos. Estamos actualmente tomando tal pausa. Volveremos a publicar el 7 de octubre 2014. ¡Hasta entonces!
We’ll be back 7 October 2014
Genevieve Signoret
Four times a year we pause this blog for two weeks to undertake projects. We’re currently taking such a pause. We’ll resume publishing on 7 October 2014. See you then!