Outperformance that’s a word that keeps cropping up in my feeds most likely because that’s not what most people and their portfolios are doing right now .

Why is that ? Well put simply they have the wrong positions / exposure tracking the market through an ETFR like SPY, VOO or their European equivalents is a great plan until the stocks that…[Read more]

UBS Wealth has downgraded the Communication Services sector today it follows a downgrade to the Information Technology sector by the money manager last week The wealth manager is concerned a bout the scale of AI and data centre related capex n the sectors which it reminds customers could consume most of the sector free cash flow leaving…[Read more]

Multi asset broker eToro ETOR US sees its stock rally by +18.0% today following better than expected earnings and news of an additional $100 million share buy back.

Though the stock remains well below its June 2025 highs circa $79.96. a close above the 50 D MA found at $33.48 would be something for the bulls to hold on to.

Rivals Robinhood…[Read more]

These are strange days in the markets make no mistake. Consider this comment on the S&P 500 by former market maker Noel Smith:

” The S&P is flat over the past month, but the average stock moved 10.8% — a dispersion spread at the 99th percentile over 30 years. ”

And this recent quote from market commentator Michael Batnick “Wild market. W…[Read more]

Which of these would you rather own right now? and for the long-term?

I am happy to stick with Walmart WMT US myself.

I picked them out 18 months or so ago and I am happy with how they have performed and their prospects going forward

They day it will all change is not far away!

I spent a lot of yesterday looking at the sectors and industries that have outperformed the S&P 500 over the year to date what was very clear is that many of these outperforming groups have their roots in the old economy ( see table 1) rather than the new economies of software and technology.…[Read more]

The shares of financial adviser St James ‘s Place sold off by -13.39% yesterday. The reason the emergence in the US of a new platform that will allow financial advisors to create bespoke tax efficient planning for their clients.

In other words Ai is helping to automate and speed up, and personalize the advisors job, and that wasn’t seen a…[Read more]

JP Morgan wrote on Equity Strategy yesterday and kindly published a list of their top European stock picks as they did so see below.

They also posted a very useful valuations framework for European Equity sectors, out to 2027. So there is plenty to get your teeth into here

The action is in Asia once more.

US markets are unable to form a consensus right now when it comes to direction, and the most important narratives. Will AI eat software? Or will its gargantuan Capex requirements bankrupt the Mag 7 and Co before it reaches singularity?

South Korea and Japan, or at least their equity indices seen…[Read more]

Its been a difficult couple of days for equity investors, particularly if you are exposed to technology stocks and given the weighting of the Mag 7, on a global basis, that’s pretty much everybody.

In times like this I find it useful to look at things from a top down perspective, tables like those shown below are helpful in this…[Read more]

Two days ago I suggested that Unilever ULVR LN (or UNA NA), might benefit from the strength in US Consumer Staples.

see https://invesdaq.com/members/fatdaz/activity/515/.

The chart below shows the percentage change in both listings of Unilever, over two days.

And by my math they are up +4.0% that may not sound much but its more than…[Read more]

The last few weeks have been a wild ride, driven by a changeable macro background and extreme volatility within precious metals.

However the S&P 500 Consumer Staples sector has been rallying in the background ,the whole time.

In fact, it’s up +9.39% over 1 month and by + 11.30% over 3 months

Not a bad return from stocks which are…[Read more]

I talked about the spike in US Nat Gas prices last week, and I explained that artic weather across the North and mid-West US was a large contributing factor to that spike.

We can that relationship in operation today.

Last week temperatures in Chicago were -14C / -15C, today the forecasts are for a balmy -5.0C.
Nat Gas has traded lower…[Read more]