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 – Reality Check!

Powell Beats UGLY ISM in Two Sentences – Stocks Fly

The Weekly Market Monitor – Did Powell Kill the Bear?

Real Rates Above 2%? Buy Bonds and Sell Equities

The Weekly Market Monitor – Immaculate Disinflation, Spiking Yields, and the Waiting Continues

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>Comparing real yields and P/E ratios shows little relationship between the two. However, this is because this is the wrong comparison and includes the issue of regime shifts.</li>
<li>Our analysis shows that equity market valuation is extremely vulnerable to spiking real yields.</li>
<li>Based on history, the S&amp;P 500 Index should become 25% cheaper as the colossal rise in real yield continues.</li>
</ul>


Comparing real yields and P/E ratios shows little relationship between the two. However, this is because this is the wrong comparison and includes the issue of regime shifts.
Our analysis shows that equity market valuation is extremely vulnerable to spiking real yields.
Based on history, the S&amp;P 500 Index should become 25% cheaper as the colossal rise in real yield continues.


Ready to Get Spooked? Properly Comparing Real Yields and P/E Ratios = Massive Downside for Equities!