Crude Oil cannot be stopped! It just had its 7th consecutive green week, its longest winning streak since February 2022
Source: Barchart
EM returns over past 5-10yrs have been lackluster, w/most EM equities returning low-to-mid single digits
Over longer-term, returns range from extraordinary (India: 1000%) to respectable (Indonesia: 469%) despite volatility & some prolonged periods of choppy trading, BofA has calculated. All EMs have outperformed China's 22% total return. Source: HolgerZ, BofA, Bloomberg
Should you do the opposite of what Wall Street strategists say? Data over the last 3.5 years suggests that strategists underperform the S&P 500
Source: Barchart, Bloomberg
MSCI World long-term performance by style
Quality outperforms by far with a lower standard deviation (NB: past returns are not a guarantee for future returns). Source: Invest In Assets | Stock Market Investing
The top 3 country ETFs in 2023:
1) Nigeria $NGE: +48.3% 2) Greece: $GREK: +47.5% 3) Argentina $ARGT: +38.7% Source: Charlie Bilello
July cross-assets performance billboard by DB -> After a mixed performance in June, July was largely positive for assets across the board
Oil stole the show, as supply cuts spurred upward pressure on prices, and the AI excitement saw the S&P 500 and the Nasdaq extend their rally, both securing their fifth consecutive month of positive total returns. Fixed income took a hit in July, as central banks continued their hiking cycle (via HolgerZ)
2023 has been so far the mirror image of 2022 in terms of #assets returns 2022/2023/2022-23 Combined Total Returns...
$NVDA: -50%/+220%/+59% $AAPL: -26%/+52%/+12% $MSFT: -28%/+41%/+1% $SPY: -18%/+21%/-1% $QQQ: -33%/+45%/-3% $META: -64%/+165%/-5% $GOOGL: -39%/+50%/-8% $AMZN: -50%/+59%/-20% $TSLA: -65%/+117%/-24% $NFLX: -51%/+49%/-27% Source: Charlie Bilello
July was a painful month for the bears
Source: Investing.com
