Julex Capital WELLESLEY, MA – August 21, 2020 – Julex Capital Management, LLC. announced today that its TrueAlpha™ Small Cap was awarded “Top Guns” designation by Informa Investment Solutions’ PSN manager database, North America’s longest running database of investment managers, for Q2 2020. TrueAlpha™ Small Cap Informa Investment Solution’s PSN “TOP GUNS” Status for Q2 and One-Year Performance … Read more
Improved economic data drove the cyclical stocks higher. The initial jobless claims dropped below 1MM, first time since the start of lockdown. Retail sales rose 1.2% from last month. Industrial production grew 3.0% in July. Trump’s Executive Order on Relief Package Trump issued an executive order after talks with Pelosi and Schumer broke down. The … Read more
The stock market started the first week of August with a positive tone. The economy continues to recover from the pandemic-triggered recession. Both manufacturing and service sectors show robust rebound according to Institute of Supply Management. The second quarter GDP declined by a 33% annual rate, the worst since the Great Recession but in line … Read more
The US stock market was led higher by the tech companies last week. The four tech giants Amazon, Alphabet, Apple and Facebook all reported better-than-expected earnings results. Stock Market & Financial News On Monday, US stocks rose slightly when tech companies’ stocks outperformed. The Dow rose 86 points at midday, or 0.3%. Nasdaq Composite rose … Read more
The US stock market suffered the first negative week in four weeks amid volatile trading. The big tech companies led the decline. Escalating tensions with China, concerns about expensive valuations and uncertainties around the pandemic impacts on corporate profits rattled investors. On Tuesday, the Dow climbed 307 points, or 1.2%. The Nasdaq Composite dropped 0.5%. … Read more
The US stock market rose last week though the tech-heavy Nasdaq Index lost ground. There is optimism with the development of a vaccine despite the surges in COVID-19 cases in some states. Meanwhile, investors rotated out of tech amid valuation concerns and disappointed earnings report from Netflix. A volatile week for Telsa Tesla stock had … Read more
What Happened Last Week Technology stocks led the stock market higher last week. Nasdaq index soared to new all time highs. The so-called FANNG stocks all had significant gains: Netflix (15.1%), Amazon (10.7%), Apple (5.4%), Google (5.3%) and Facebook (4.99%). The rise of coronavirus cases pushed investors back to stay-at-home trades. On Monday, the Dow … Read more
From 2010 to 2017, quant managers generally did a better job than fundamental managers at beating their benchmarks, according to Nomura (see graph below). However, in the last couple of years, quant strategies have been underperforming and experiencing a two-year-long so called “quant winter.” There are various reasons for the underperformance. Most notably, the correlations … Read more
Some of the best-known investors of the last century have been value oriented. Benjamin Graham, Joel Greenblatt, and Warren Buffet have each emphasized investing in companies that trade at a low price relative to the value of their assets or steadiness of earnings. Despite this fact, the value play has been suffering ever since the … Read more
Following the stunning first-quarter sell-off (see Figure 1 below), both the Federal Reserve and Congress took unprecedented actions to mitigate the economic impact of the Coronavirus. The Fed originally cut 50bps off their target rate in a March 3rd emergency meeting, but slashed another 100bps—all the way to zero—just twelve days later. They also tremendously … Read more