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

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

Five Bullish Risk Reversals You May Have Missed

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

The Weekly Market Monitor – Reality Check!

Powell Beats UGLY ISM in Two Sentences – Stocks Fly

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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>Fed Chairman Powell unintentionally re-emerged as a central bank dove. Yet, the poor ISM Manufacturing Index reading paints an entirely different picture, signaling 17%(!) downside.</li>
<li>Apart from the fact that US Small Caps cannot rely on Big Tech Companies to send prices higher, there is another compelling reason why they have been underperforming - debt.</li>
<li>Earnings season: Negative price reactions meet mixed surprises. This is especially true in the US, where valuation looks demanding. Interestingly, price-earnings action in China may signal a bottom is in.</li>
</ul>


Fed Chairman Powell unintentionally re-emerged as a central bank dove. Yet, the poor ISM Manufacturing Index reading paints an entirely different picture, signaling 17%(!) downside.
Apart from the fact that US Small Caps cannot rely on Big Tech Companies to send prices higher, there is another compelling reason why they have been underperforming - debt.
Earnings season: Negative price reactions meet mixed surprises. This is especially true in the US, where valuation looks demanding. Interestingly, price-earnings action in China may signal a bottom is in.


Shanghai Stock Exchange Composite Index (SHCOMP INDEX)

iShares 20+ Year Treasury Bond ETF (TLT US)

Chicago Board Options Exchange Volatility Index (VIX INDEX)

Chicago Board Options Exchange Volatility Index

The Weekly Market Monitor – Did Powell Kill the Bear?