The omens are not good when momentum and quality become highly correlated, warns SocGen’s cross-asset research group.Quality is now essentially price momentum and vice versa, and history tells us when these two strategies collide the omens are not usually good, as it is a phenomena usually associated with equity markets turning bearish. This becomes even more evident when they plug […]
Sam Ro
Aug. 28, 2014, 5:57 AM
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Societe GeneraleAlbert Edwards.
The stock market hit an all-time record high on Wednesday, with the S&P 500 closing at 2,000.10.
Societe Generale’s Albert Edwards warns that the forces that have been driving the market forward are not only unstable, but they’re also about to reverse.”The equity bubble has disguised the mountain of net debt piling up on […]
Societe GeneraleWall Street’s strategists get paid tons of money to quibble over what stocks might do over the next year.
But most investors have longer-term time horizons to consider.Today, the analysts at Societe Generale update their 10-year outlook for the global stock markets.In brief, they don’t think investors should be anticipating the double-digit annual returns of the recent past.”US equities face […]
CMEE-mini S&P 500 FuturesToday’s global market sell-off really got started once China’s ugly HSBC flash manufacturing PMI report crossed the wires. Falling to a seven-month low of 48.3 in February, the PMI index suggested that the world’s second largest economy was decelerating more than expected.It’s worth noting that this narrative is almost identical to one we heard exactly one month […]
