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

The Weekly Market Monitor – Where’s the Plunge Protection Team?

The Weekly Market Monitor – Reality Check!

Powell Beats UGLY ISM in Two Sentences – Stocks Fly

China’s Ongoing Real Estate Disaster Is Pushing Emerging Markets to the Brink

The Weekly Market Monitor (31) – Bye, Bye, Triple-A

Fed Lending Survey: ‘Stay Away from High Yield Bonds!’

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.

Macroeconomics

<ul>
<li>All our forward-looking EPS indicators have shown improvement over the past few months. Nevertheless, our aggregated bellwether EPS indicator points to negative earnings growth, while investors anticipate the opposite. </li>
<li>Developed Market earnings per share are well above the long-term trend. One must make a compelling case for earnings to structurally grow faster to sustain this trend. </li>
<li>Big Tech’s earnings superiority has vanished. With a significant concentration of expensive stocks in Big Tech, earnings expectations must be exceptionally (perhaps unreasonably) high.</li>
</ul>


All our forward-looking EPS indicators have shown improvement over the past few months. Nevertheless, our aggregated bellwether EPS indicator points to negative earnings growth, while investors anticipate the opposite. 
Developed Market earnings per share are well above the long-term trend. One must make a compelling case for earnings to structurally grow faster to sustain this trend. 
Big Tech’s earnings superiority has vanished. With a significant concentration of expensive stocks in Big Tech, earnings expectations must be exceptionally (perhaps unreasonably) high.


Make or Break? A Close Examination of Company Earnings as We Head into Q3 Earnings Season