Julex Capital Is EM Ready to Rebound? Investors in emerging markets equities had a disappointed year in 2013. The MSCI Emerging Market Index dropped over 2%, while the S&P 500 rallied 32%. In recent months, however, emerging market (EM) equities showed signs of life. Since the lows in early February, the EM index has risen by 12%. … Read more
Should Wall Street Be Concerned About Ukraine? Last week, Ukraine crisis was on headline again. G7 countries have approved a new round of sanctions against Russia. In addition to the current measures such as asset freezing and visa bans against Russian high level officials, the sanctions may target individuals with influence in sectors of the … Read more
Last week, the stock markets bounced back amid the strong retail sales and upbeat earnings report from Citi Group and Yahoo. S&P 500 Index rallied 2.7% and has recovered most of losses in April. U.S. retail sales recorded their largest gain in one and half years in March at 1.1%, generating optimism that growth may … Read more
Recently, a scary chart created by market pundit, Tom DeMark, has stirred Wall Street. He drew a striking parallel between the current market performance and the 1929 crash. The sell-offs in last few weeks tended to confirm his bearish prediction (see Chart One). So far in April, S&P 500 Index tumbled 2.9%, even worse, the … Read more
General Market Conditions – Risk Switcher(TM) Julex has developed a four-factor Risk Switcher (TM) model to provide assessment on the general market conditions. Normally, in a “Risk On” regime (bull market), the economy is expanding, market trend is going up, market volatility is moving lower and market liquidity is plenty. In a “Risk Off” regime … Read more
Top Stories Last Week • Five of Thirty US Banks Failed Stress Tests Citi Group, Zions Bancorp, HSBC North America, RBS Citizen’s Financial and Santander Holdings USA failed stress tests. The Fed rejected their capital plans. Citi Group shares tumbled by 5% after the news. • Durable Goods Orders Rose, but Capex Looked Weak The … Read more
Top Stories Last Week • US Stocks Moved Higher Last Week US stocks moved higher while bonds declined as Fed signaled interest rate rises in 2015. Last week, S&P index rallied 1.3%, and MSCI EAFE index climbed 0.1%. The MSCI Emerging Market jumped by 1.7%. Gold tumbled 3.5%, and the SPGC commodity index dropped by … Read more
Top Stories Last Week • US Stocks Moved Higher Last Week US stocks moved higher while bonds declined as employers added more jobs than expected. Last week, S&P index rallied 1.1%, and MSCI EAFE index climbed 0.2%. The MSCI Emerging Market was flat. Gold climbed 1.2%, and the SPGC commodity index rose by 0.5%. The … Read more
Top Stories Last Week • US Stocks Rallied Last Week The US stocks rallied as the Fed Chair Janet Yellen in her testimony before the Senate indicated that the US economy softened and signaled the pace of tapering can be reconsidered if there is a significant change of economic outlook. Last week, S&P index rallied … Read more
Top Stories Last Week • Stocks Changed Little Last Week The US stocks changed very little as investors tried to balance between soft economic data and their implication for monetary policies. Last week, S&P index dropped 0.1%, and MSCI EAFE index rallied 0.7%. The MSCI Emerging Market was down slightly 0.1%. Gold climbed 0.3%, and … Read more