Gabriele Gallotti’s Post

Looking at the chart of the DAX (+21% YTD), it does not seem like a stock index representative of the German economy. The performance, which more closely resembles that of the S&P 500 than the Euro Stoxx 50, is helped by the good shape of some heavyweights such as SAP and Siemens, and the greater weight of the tech sector compared to banking and other less-performing sectors. Rising expectations of peace in Ukraine are fueling inflows, as the end of the conflict will have a beneficial effect on gas prices and reconstruction, benefiting the German economy. Chart Source: Bloomberg Credits: Vittorio Treichler - Partner and Market Strategist at NOVUM CAPITAL PARTNERS SA #DAX #StockMarket #Investing #Finance #TechSector #MarketPerformance #Economy

The 2025 market outlook brings challenges and opportunities amid global uncertainties. Experts suggest focusing on large-cap funds, hybrid strategies, and SIPs for disciplined, long-term growth. Asset allocation remains crucial, with sectors like pharma, tech, and infrastructure offering potential, while short-duration debt funds and gold provide stability. #skyraycapital #Investing2025 #MarketOutlook #AssetAllocation #SIPs #MutualFunds #FinancialPlanning

Scale matters... We have reproduced the same historical series of the S&P 500 Index, on a linear scale and on a logarithmic scale. The CAGR achieved over the last 14 years is clearly the same, namely 12.4%. But, optically, the perception changes a lot: the bottom graph suggests an acceleration in the post-Covid years and possibly a bubble, while in the logarithmic, the trend looks very sustainable in the long term! Chart Source: Bloomberg, NOVUM CAPITAL PARTNERS SA Credits: Vittorio Treichler - Partner and Market Strategist at NOVUM CAPITAL PARTNERS SA #Finance #Investing #MarketTrends #Sustainability #SP500 #CAGR #DataAnalysis #PostCovid

Global equity markets are showing positive gains for the year, despite a slight dip in late October due to the US election, UK budget uncertainties, and some cautious outlooks from major US tech companies. ECM volumes are recovering, exceeding 2023 levels but still below the 10-year average. Discover more in our latest Market Review here: https://lnkd.in/gMvfKw2Z

Equity issuance showed improvement in 2024, yet remains modest in the US and Europe due to tight monetary policies and ongoing election-related uncertainties. The IPO market continues to slow, but potential deals could emerge if conditions improve. While tech and AI funding are key focuses, other sectors also present investment opportunities. Join our webinar on January 21st for insights from our capital markets experts on 2024 metrics and 2025 trends. Topics include: 💡High-activity regions and sectors in 2024 📊IPO aftermarket performance and 2025 pipeline status 🖥️Tech industry trends and key metrics 📈Notable dividends from the energy sector. Don't miss out. Register for the webinar today: https://okt.to/Z97K5h

Systematic Sector Rotation Strategies - Monthly Performances - September - Our strategies delivered significant alpha in September, both on the long portfolios (between +0.8% on the Japanese market and +2.8% on the US market) and short ones (ranging from -0.2% for the Asian market and +1.6% for European strategies).   - US strategies (long-only and alternative) recovered significantly the outperformance recorded in August (+4.9% for the long-only strategy vs. + 2.1% for the S&P500 index, +3.2% for the long/short one), displaying significant outperformance since the start of the year (+27.7% for the enhanced strategy vs. +22.1% for the market). They particularly benefitted from the rebound of the Consumer Discretionary sector and the outperformance of the Communication Services sector.   - Performance figures are similar for European strategies, supported by the outperformance of both Industrial, Financial, and Conc. Disc sectors on the long legs, while benefitting from the strong underperformance of the Energy sector on the short leg.   - The outperformance of Japanese strategies relied on Industrials on the long leg and on the underperformance of the Healthcare sector on the short one. Finally, Asian strategies mainly outperformed on the long portfolios (Cons. Disc.). Note: The strategies presented herehein are based on a proprietary sector valuation model, and have been developped for the US, European, Japanese, and Asian equity markets, under various versions: - Long only: 100% long (no leverage) - Long/short: 100% long / 100% short (2:1leverage) - Enhanced: 150% long / 50% short (2:1leverage) - Defensive: 100% long / 50% short (2:1leverage) The long-only US strategy has been implemented in the Gravity US Equity fund (Bloomberg: GUSEFIU, ISIN: LU2309368897), managed by Auris Gestion and advised by Orion Financial Partners (rated 5* by Quantalys France Harvest Group, and ranked 11/435 over the past 3 years among the US equity fund category, as of August 30). #sectorrotation #strategy #investmentstrategy #economiccycle #cycle #SP500 #sectors #equity

Systematic Sector Rotation Strategies - Strategic Allocation (June) - Macro environment. From a purely fundamental perspective, the current environment is still favorable to offensive sectors, the influence of the economic cycle – evolving around its breakeven – remaining neutral.   - Macro valuations. According to our macro valuation model, the Consumer Discretionary sector remains significantly undervalued globally, alongside with the Consumer Discretionary sector in the US and in Europe. Macro valuation gaps are particularly significant on the European, the Japanese and the Asian markets.   - Top Sectors. Information Technology and Consumer Discretionary remain globally among of the top sectors, while Consumer Staples, Utilities, and Healthcare are still at the bottom of the league. Note: The strategies presented herehein are based on a proprietary sector valuation model, and have been developped for the US, European, Japanese, and Asian equity markets, under various versions: - Long only strategy: 100% long portfolio - Long/short strategy: 100% long portfolio - 100% short portfolio - Enhanced strategy: 150% long portfolio - 50% short portfolio - Defensive strategy: 100% long portfolio - 50% short portfolio The long-only US strategy has been implemented in the Gravity US Equity fund (Bloomberg: GUSEFIU, ISIN: LU2309368897), managed by Auris Gestion and advised by Orion Financial Partners . #sectorrotation #strategy #investmentstrategy #economiccycle #cycle #SP500 #sectors #equity

📊 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐓𝐢𝐭𝐚𝐧𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐄𝐓𝐅 𝐖𝐨𝐫𝐥𝐝: 𝐈𝐖𝐌 𝐄𝐓𝐅 𝐢𝐧 𝐅𝐨𝐜𝐮𝐬 (𝐏𝐚𝐫𝐭 4) How does the IWM ETF capture the pulse of small-cap stocks and what role does it play in a diversified portfolio? 🧐 𝐈𝐧 𝐏𝐚𝐫𝐭 4 𝐨𝐟 𝐦𝐲 𝐄𝐓𝐅 𝐬𝐞𝐫𝐢𝐞𝐬, 𝐈 𝐝𝐢𝐯𝐞 𝐢𝐧𝐭𝐨: 🏢 The unique focus of IWM on the Russell 2000 Index 📈 How small-cap exposure can enhance growth potential ⚖️ The risks and rewards associated with investing in smaller companies If you're curious about small-cap strategies or looking to add a growth-focused ETF to your portfolio, this blog is for you! 🚀 👉 𝐂𝐡𝐞𝐜𝐤 𝐢𝐭 𝐨𝐮𝐭 𝐡𝐞𝐫𝐞: https://lnkd.in/euWmt6u5 ✅ 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 𝐡𝐞𝐫𝐞: https://lnkd.in/gRJDAcyJ 📊 𝐕𝐢𝐬𝐢𝐭 𝐨𝐮𝐭 𝐰𝐞𝐛𝐬𝐢𝐭𝐞 𝐡𝐞𝐫𝐞: https://www.myspringy.com What’s your take on small-cap investing and IWM? Let’s discuss in the comments! 💬 #Investing #ETFs #IWM #Russell2000 #Finance

Market Update: The share market surged significantly, with the Sensex jumping by almost 2100 points. Nifty also experienced substantial gains, reflecting a strong bullish sentiment across the market. Investors showed increased confidence, driving the indices to new heights. This remarkable rise signals positive momentum and optimism in the market. https://lnkd.in/gj4-saNe #ShareMarket #Shareupdate #sharemarket #devenchoksey #sensex #nifty #shareprofit #investors #shareinvestment

Sector investing is commonly perceived through the classic cyclical approach, linking more or less blindly sector performances to both the macroeconomic cycle and the market cycle. It would therfore roughly rely on the identification and the anticipation of these two cycles. However, switching from theory to practice is not that straightforward. - The first reason is that exogenous factors may have strong influence on sector returns in the medium term: innovations and thematics (internet in the early 2000s, AI today), regulatory changes (liberalization of the shale gaz market, impact of the Obamacare on the healthcare sector a couple of years ago...). - The second reason is that the DNA of sectors themselves evolve through time. This is for instance the case of the Communication Services Sector, whose underlying constituents display very different features today vs. in the early 2000s. From a sector rotation perspective, it implies structural changes in the link between the macroeconomic cycle, the market cycle, and the behavior of the stocks within a given sector. For illustration purpose, this chart highlights the evolution of the macro features (offensive vs. defensive, pro-cyclical vs. counter-cyclical) of the underlying stocks of the Communication Services sector, from 2005 to now. This simple exemple shows the importance of taking into account the evolution of the macro features of each sector when considering sector investing. This is precisely with the joint aim of (i) accounting for exogenous sector drivers and (ii) accounting for potential changes in the macro features of the various sectors that we have designed our systematic sector rotation strategies. More information can be found here: https://lnkd.in/eX45b9X6 Note: the macro model used to estimate stock sensitivities to the macro environment in this short note is the one that has been implemented in the systematic sector rotation strategy - at the sector level - of the Gravity US Equity fund (Bloomberg: GUSEFIU, ISIN: LU2309368897), managed by Auris Gestion and advised by Orion Financial Partners. #sectorrotation #strategy #investmentstrategy #economiccycle #cycle #SP500 #sectors #equity #factor #QIS #macro #quant