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

Five Bullish Risk Reversals You May Have Missed

The Weekly Market Monitor – Did Powell Kill the Bear?

China Stimulus Update – Centralization of Debt Still Means MORE Debt!

Powell Beats UGLY ISM in Two Sentences – Stocks Fly

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>Based on the historical relationship between the ISM Manufacturing and US Equities, the S&amp;P 500 Index should collapse to 3,533 after the disappointing ISM reading of 46.7.</li>
<li>Our ISM - Implied Returns analysis reveals that even if the ISM Manufacturing recovers to above 50 in the coming months, there is no upside for US and Global Equities.</li>
<li>Finally, in each of the three ISM Manufacturing scenarios, there is upside for US Treasuries. The ISM Manufacturing Index is very clear on asset allocation: Bonds over Stocks, big time.</li>
</ul>


Based on the historical relationship between the ISM Manufacturing and US Equities, the S&amp;P 500 Index should collapse to 3,533 after the disappointing ISM reading of 46.7.
Our ISM - Implied Returns analysis reveals that even if the ISM Manufacturing recovers to above 50 in the coming months, there is no upside for US and Global Equities.
Finally, in each of the three ISM Manufacturing scenarios, there is upside for US Treasuries. The ISM Manufacturing Index is very clear on asset allocation: Bonds over Stocks, big time.


OUCH! The Slump in the ISM Manufacturing Suggests 20% Downside for Equities