HarmoniQ Insights

William Mann

Independent Insight Provider

At HarmoniQ Insights, we empower investors to enhance their investment strategies by integrating cutting-edge quantitative research processes and technologies. Our solutions provide access to leading quantitative data providers and services, tailored to align with each client’s unique goals. By bridging the gap between traditional investment approaches and advanced data-driven methods, we help clients gain a competitive edge through innovation in both process and technology.

Quantitative Analysis

<ul>
<li>
Strong YTD performance with volatility: Systematic quantitative equity strategies have strong but volatile performance in 2024, with momentum and reversal factors driving returns, particularly in U.S. technology (AI sectors).</li>
<li>
Key macroeconomic drivers: Interest rate decisions from the Federal Reserve, geopolitical tensions (especially involving China), and the upcoming U.S. Presidential election will be major catalysts influencing equity markets through year-end.</li>
<li>
Sector-Specific opportunities: AI-driven tech and consumer discretionary stocks benefit from rate cuts, but overvaluation risks persist. Value and quality sectors in Europe and defensive strategies (e.g. reversal) hedge market corrections.</li>
</ul>



Strong YTD performance with volatility: Systematic quantitative equity strategies have strong but volatile performance in 2024, with momentum and reversal factors driving returns, particularly in U.S. technology (AI sectors).

Key macroeconomic drivers: Interest rate decisions from the Federal Reserve, geopolitical tensions (especially involving China), and the upcoming U.S. Presidential election will be major catalysts influencing equity markets through year-end.

Sector-Specific opportunities: AI-driven tech and consumer discretionary stocks benefit from rate cuts, but overvaluation risks persist. Value and quality sectors in Europe and defensive strategies (e.g. reversal) hedge market corrections.


Systematic Quantitative Equity Strategies Outlook: 9/15/24 – Year-End

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

Thematic (Sector/Industry)

<ul><li>Markets always act erratically, but I thought I would highlight one aspect that disproportionately impacts semiconductors.</li><li>Factor investing is not new, but we are in a unique period where Momentum has quite a period of outperformance and short-term outperformance.</li><li>This matters because semiconductors are (as far as my memory holds) the most significant weight in Momentum I’ve ever witnessed. </li></ul>

Markets always act erratically, but I thought I would highlight one aspect that disproportionately impacts semiconductors.Factor investing is not new, but we are in a unique period where Momentum has quite a period of outperformance and short-term outperformance.This matters because semiconductors are (as far as my memory holds) the most significant weight in Momentum I’ve ever witnessed. 

Crypto Research and Data, Delphi Digital

Delphi Digital

Crypto Research and Data

Institutional-Grade Crypto Research & Data

Delphi Digital seeks to produce unbiased, actionable content for our clients on critical themes affecting digital assets and distributed ledger technology. Our team is committed to providing investors and institutions with key insights through a diverse suite of products including individual project analysis, bespoke research, and tailored consulting services.

Equity Bottom-Up

<ul>
<li>Coinbase sees the looming opportunity in the global crypto futures &amp; derivatives market. It's positioning itself to capitalize on a market that’s been hollowed out over last 12-18 months.</li>
<li>We explore 3 key areas of Coinbase’s business that we believe Wall Street is overlooking. These include: Coinbase International, ETF Spot approvals, and Base Chain</li>
<li>We estimate Coinbase has the potential to realize additional top-line revenue in the range of 15-20% on the low-end to +150% increase on the high-end over the next few years.</li>
</ul>


Coinbase sees the looming opportunity in the global crypto futures &amp; derivatives market. It's positioning itself to capitalize on a market that’s been hollowed out over last 12-18 months.
We explore 3 key areas of Coinbase’s business that we believe Wall Street is overlooking. These include: Coinbase International, ETF Spot approvals, and Base Chain
We estimate Coinbase has the potential to realize additional top-line revenue in the range of 15-20% on the low-end to +150% increase on the high-end over the next few years.


Coinbase: From Sleeping Giant To Industry Leader

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul><li>Happy Saturday everyone, and welcome back to our weekly positioning watch, where we dissect how traders and investors are positioning themselves in the current market.</li><li>As with every other rally, retail investors end up blindly following the big players, and long risk might very well be the play to make as flows from ETFs and retail investors continue to lift markets.</li><li>And with that in mind, we have spiced up today’s version, moving away from the CFTC report and instead trying to have a look at what various surveys are telling us about the current market.</li></ul>

Happy Saturday everyone, and welcome back to our weekly positioning watch, where we dissect how traders and investors are positioning themselves in the current market.As with every other rally, retail investors end up blindly following the big players, and long risk might very well be the play to make as flows from ETFs and retail investors continue to lift markets.And with that in mind, we have spiced up today’s version, moving away from the CFTC report and instead trying to have a look at what various surveys are telling us about the current market.

Positioning Watch – The Goldilocks Scenario is Intensifying

Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cross-Asset Strategist & Quantitative Analyst

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

Cross Asset Strategy

<ul>
<li>The market is exhibiting number signs of a sustainable risk-on tone, which should carry the stock market rally into year-end and possibly into January.</li>
<li>Market internals point to the an internal rotation, led by small-caps,  as a source of leadership.</li>
<li>Despite the recent AI-related wipeout of technology names, market internals of tech stocks remains  constructive and could see a recovery in the near  future.</li>
</ul>


The market is exhibiting number signs of a sustainable risk-on tone, which should carry the stock market rally into year-end and possibly into January.
Market internals point to the an internal rotation, led by small-caps,  as a source of leadership.
Despite the recent AI-related wipeout of technology names, market internals of tech stocks remains  constructive and could see a recovery in the near  future.


United States

Invesco QQQ Trust Series 1 is an exchange-traded fund incorporated in the USA. The ETF tracks the Nasdaq 100 Index includes 100 of the largest non-financial companies by market cap listed on Nasdaq. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.

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Invesco QQQ Trust Series 1 (QQQ US)

Systematic Quantitative Equity Strategies Outlook: 9/15/24 – Year-End

Design a tactical, long-tilted portfolio to express systematic investing outlook with long-short Smart-Beta, Sector and Region-Specific ETFs.

William Mann

Factors and Semiconductors

A friendly warning. Momentum is outperforming all factors this year, and Semiconductors are a large part of that. Markets always act erratically,...

Fabricated Knowledge

Coinbase: From Sleeping Giant To Industry Leader

Coinbase plans to seize the opportunity in the crypto futures market, with potential for significant revenue growth in the coming years. Wall...

Delphi Digital

Positioning Watch – The Goldilocks Scenario is Intensifying

Happy Saturday everyone, and welcome back to our weekly positioning watch, where we dissect how traders and investors are positioned

Steno Research

Celebrate the Season of Saturnalia

The stock market rally is expected to continue into year-end with small-caps leading the way, despite recent setbacks in tech stocks.

Cam Hui

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Systematic Quantitative Equity Strategies Outlook: 9/15/24 – Year-End

Design a tactical, long-tilted portfolio to express systematic investing outlook with long-short Smart-Beta, Sector and Region-Specific ETFs.

William Mann

Factors and Semiconductors

A friendly warning. Momentum is outperforming all factors this year, and Semiconductors are a large part of that. Markets always act erratically,...

Fabricated Knowledge

Coinbase: From Sleeping Giant To Industry Leader

​Coinbase plans to seize the opportunity in the crypto futures market, with potential for significant revenue growth in the coming years. Wall...

Delphi Digital

Positioning Watch – The Goldilocks Scenario is Intensifying

Happy Saturday everyone, and welcome back to our weekly positioning watch, where we dissect how traders and investors are positioned

Steno Research

Celebrate the Season of Saturnalia

​The stock market rally is expected to continue into year-end with small-caps leading the way, despite recent setbacks in tech stocks.

Cam Hui

Coinbase plans to seize the opportunity in the crypto futures market, with potential for significant revenue growth in the coming years. Wall...

The stock market rally is expected to continue into year-end with small-caps leading the way, despite recent setbacks in tech stocks.