Loading...

Investment Committee – July 2021

The market consensus this month remains that the high inflation observed in all big data on a Year to Year basis is of a transitory nature rather than here to stay. The FED continues to make it clear to all market participants that inflation is under control as the economy grows, while avoiding any direct or indirect mention of tapering and downplaying chances of a rise in the yields on the horizon.

Read More →

Investment Committee – June 2021

Investment Committee – June 2021
Inflation expectations continues to be the key topic between market participants. The difference this month lies in the market consensus now that, despite the spike observed in all big inflation data, inflation is high on a Year to Year basis but is rather transitory than here to stay.

Read More →

Selection of Value Stocks June 2021

Selection of Value Stocks June 2021
Our approach: In value investing our focus is on undervalued companies with strong balance sheets, trading lower than their actual fundamentals or relative to the market. One of the most effective ways to identify such stocks is the Piotroski f-score. This metric along with some additional value criteria shown below allows us to limit the universe of around 80K stocks to just ~100. Equities presented in this list are potential candidates for newly created equity portfolios or re-balancing of existing ones. Such a portfolio has the potential to withstand inflationary pressures and benefit from the rotation towards value sectors.

Read More →

Crypto Cash & Carry Trade

Crypto Cash & Carry Trade
In markets and in life there is no such thing as a free lunch. Thus it is with extreme interest that we follow a rare arbitrage that has recently popped-up in the cryptocurrency domain. The arbitrage is factual, it is persistent, and it offers a quite compelling opportunity to those who commit time and devote the necessary effort to set up all legs of the trade.This is a snapshot what is going on under the hood:

Read More →

Investment Committee – May 2021

Investment Committee May 2021:We continue to consider the inflation theme as key to the route of assets valuations. Inflation seems to be the hot topic between market participants with inflationary overshooting observed in several assets prices (energy etc.).

Read More →

Selection of Value Stocks May 2021

In value investing our focus is on undervalued companies with strong balance sheets, trading lower than their actual fundamentals or relative to the market.
One of the most effective ways to identify such stocks is the Piotroski f-score. This metric along with some additional ones shown below allows us to limit the universe of around 80K stocks to just ~90. Equities presented in this list are potential candidates for newly created equity portfolios or re-balancing of existing ones.

Read More →

Investment Committee April 2021

We saw developed markets strong performance in March with risk on approach continuing as there is no clear possible catalyst on the horizon to change this. Equities corrections are quickly bought back as Fed’s policy continues to be supportive until the maximum employment point of the economy which is far from here.
Payrolls announced last week were very positive and all macro data published recently seem to be supportive on the route of the real economy.

Read More →

Selection of Value Stocks April 2021

Selection of Value Stocks April 2021
In value investing our focus is on undervalued companies with strong balance sheets, trading lower than their actual fundamentals or relative to the market.One of the most effective ways to identify such stocks is the Piotroski f-score. This metric along with some additional ones shown below allows us to limit the universe of around 80K stocks to just ~80.

Read More →