Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

All-round Multi-Asset investor. Former head of a EUR 5 billion multi-asset fund range. Speaker. Charts & Frameworks. Founder of True Insights, a provider of independent investment research, trade ideas & well-diversified portfolios.
https://true-insights.net/

Global Multi-Asset Investment Strategist

Silicon Valley Bank: Some Observations on Contagion, Moral Hazard, and Monetary Policy

Weekly Market Monitor (10) - Central Banks Intervene to Fight Contagion Risks

Monetary Policy Update! Federal Reserve Unlikely to Hike Rates in March

Yields Up? Add Another 10% Downside for Stocks!

TINA Has Left, Bond Yields Shine, and Cash Is King!

Treasury Yields Reversing Higher; U.S. Dollar and High Yield Spreads to Follow?

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>Despite the S&amp;P 500 Index <a href="https://www.smartkarma.com/entities/spdr-s-p-500-etf-trust" target="_blank" data-smartkarma-citation="entities:763:1" rel="noopener">SPDR S&amp;P 500 (SPY US)</a> declining to the 200-day average, the VIX Index has fallen by a whopping 20% during the last nine trading days.</li>
<li>Realized volatility has dropped below 15 and is the lowest in more than a year, driven by a rising economic surprise index and lower perceived earnings-related uncertainty.</li>
<li>However, our Volatility Heat Map and the direct link between the MOVE Index and stock market valuation reveal current equity market calmness comes with at least a whiff of complacency.</li>
</ul>


Despite the S&amp;P 500 Index SPDR S&amp;P 500 (SPY US) declining to the 200-day average, the VIX Index has fallen by a whopping 20% during the last nine trading days.
Realized volatility has dropped below 15 and is the lowest in more than a year, driven by a rising economic surprise index and lower perceived earnings-related uncertainty.
However, our Volatility Heat Map and the direct link between the MOVE Index and stock market valuation reveal current equity market calmness comes with at least a whiff of complacency.


Equity Market Complacency? Why the VIX Index Is Trading Below 20