The equity markets had a tough month in October. Several factors were blamed for the selloff. Quick interest rate increase. The U.S. 10-year government bond yield surged to 3.25%, in early October, the highest since 2011. Higher interest rates could potentially have negative effects on growth and valuation, hurting the high fliers like growth/tech companies … Read more
Since Trump started the trade war with China at the beginning of 2018, the stock market performance has diverged significantly between the US and emerging market countries. Year to date as of October 22nd, S&P 500 Index ETF (SPY) rose 4.7%, but the MSCI Emerging Market Index ETF (EEM) tumbled by 14.2% (see Figure 1). However, the underperformance of … Read more
The third quarter was more or less the continuation of the second quarter in terms of economic and market performance. Solid economic growth and strong corporate earnings drove US stocks higher. However, trade tensions and rising interest rates generated significant headwinds. International equities, including both developed markets and emerging markets, underperformed the US equities. EM … Read more
After nine years of bull market, it is not a surprise that stocks have become quite expensive. The Shiller PE, which compares companies’ share prices with their 10-year earnings average that is used to smooth the cyclical effect, is traded at 33, well above the historical average of 16. Trade wars, rising interest rates and … Read more
BOSTON, MA – August 20, 2018 – Julex Capital Management, LLC., announced today that its Dynamic Sector, Dynamic Income and Dynamic Developed Market strategies were awarded “Top Guns” designations by Informa Investment Solutions’ PSN manager database, North America’s longest running database of investment managers, for Q2 2018. JULEX DYNAMIC SECTOR Informa Investment Solution’s PSN “TOP … Read more
Since the Great Recession bear market bottom in March 2009, the S&P 500 stock index is up a jaw-dropping 300%. In addition, the index is approximately 80% higher than its 2007 peak. Housing markets have also made a full recovery. The Case/Shiller National Housing Price Index is about 10% higher than the peak reached in … Read more
The trade war between the world’s two largest economies finally arrived. Last Friday, President Trump followed through with his threats of tariffs against China when the U.S. implemented duties on $34 billion in Chinese imports. Beijing retaliated proportionately by imposing on a $34 billion list of goods that included soybeans, pork and electric vehicles. However, … Read more
Henry Ma, President and Chief Investment Officer of Julex Capital, interviewed with Investor’s Business Daily to discuss “These 3 Stock Sectors May Fare Well In The Current Economic Cycle” .
BOSTON, MA – May 16, 2018 – Julex Capital Management, LLC. announced today that its Dynamic Sector strategy was recognized with “Top Guns” designation by Informa Investment Solutions’ PSN manager database, North America’s longest running database of investment managers, for Q1 2018. JULEX DYNAMIC SECTOR Informa Investment Solution’s PSN “TOP GUNS” Status for One-Year Performance … Read more
The Q1 earning reports have been very strong so far. With over half the S&P 500 companies that have reported, according to FactSet, the blended growth rate for S&P 500 EPS is 22.9%, the highest level since Q3 2010 if the number continues to hold up for the quarter. Roughly 80% have beaten consensus estimates. However, … Read more