adultnode_c89ef6a2ac0d759c1574add0fe3c2152.gif

Chartbooks

10 sep 2021

Volatility for the equity markets remained low, despite major policy events during the past few weeks, resulting in a higher risk adjusted performance for the US Equity markets. 

6-month return / volatility of the S&P 500 spikes high.

Low volatility has boosted the risk-adjusted performance of equities. A combination of the new low volatility regime along with strong equity returns has resulted in one of the best risk-adjusted performances for US equities.

Source: Bloomberg

ECB Keeps Volatility Contained.

ECB Keeps Rates Volatility steady with strategic decisions now expected from the December meeting. Recent ECB Meeting was in lines with market expectations of a small reduction in Pandemic emergency purchase programme (PEPP) bond purchases, thus a low volatility event.

Source: Bloomberg

Picture1.png
Picture2.png

Opposite Direction.

Option Traders are bullish on single stocks but sceptical on Indexes. There appears to be a growing divergence between market expectations on performance for Indexes as compared to individual stocks, as the put/call ration for them moves in opposite directions.

Source: Bloomberg

Picture4.png

Volatility for the equity markets remained low, despite major policy events during the past few weeks, resulting in a higher risk adjusted performance for the US Equity markets. 

S&P 500 Index records seventh straight monthly gains.

S&P 500 notched its longest stretch of gains since Jan 2018. S&P 500 index was up seven months straight this year, which was the longest stretch since Jan 2018.

Source: Bloomberg

Final Four

S&P 500 performance after rising more than 20% through August lacks pattern. As per Bloomberg Research, apart from 2021, there has been ten other years when S&P has gained more than 20% for the year till August. Amongst those years, the final four months’ performance of the year from September to December has varied widely from +21% to -32%.

Source: Bloomberg

Cheap as Chips.

UK stocks’ valuation multiples are depressed compared to other regions. Valuation gap for UK stocks with other major markets has widened. UK stocks as represented by UK MSCI Index is trading at a relative valuation of 50% discount compared to US stocks.

Source: Bloomberg

Picture1.png
Picture2.png
Picture4.png

Volatility for the equity markets remained low, despite major policy events during the past few weeks, resulting in a higher risk adjusted performance for the US Equity markets. 

S&P 500 Index records seventh straight monthly gains.

S&P 500 notched its longest stretch of gains since Jan 2018. S&P 500 index was up seven months straight this year, which was the longest stretch since Jan 2018.

Source: Bloomberg

Final Four

S&P 500 performance after rising more than 20% through August lacks pattern. As per Bloomberg Research, apart from 2021, there has been ten other years when S&P has gained more than 20% for the year till August. Amongst those years, the final four months’ performance of the year from September to December has varied widely from +21% to -32%.

Source: Bloomberg

Cheap as Chips.

UK stocks’ valuation multiples are depressed compared to other regions. Valuation gap for UK stocks with other major markets has widened. UK stocks as represented by UK MSCI Index is trading at a relative valuation of 50% discount compared to US stocks.

Source: Bloomberg

Picture1.png
Picture2.png
Picture4.png

Volatility for the equity markets remained low, despite major policy events during the past few weeks, resulting in a higher risk adjusted performance for the US Equity markets. 

S&P 500 Index records seventh straight monthly gains.

S&P 500 notched its longest stretch of gains since Jan 2018. S&P 500 index was up seven months straight this year, which was the longest stretch since Jan 2018.

Source: Bloomberg

Final Four

S&P 500 performance after rising more than 20% through August lacks pattern. As per Bloomberg Research, apart from 2021, there has been ten other years when S&P has gained more than 20% for the year till August. Amongst those years, the final four months’ performance of the year from September to December has varied widely from +21% to -32%.

Source: Bloomberg

Cheap as Chips.

UK stocks’ valuation multiples are depressed compared to other regions. Valuation gap for UK stocks with other major markets has widened. UK stocks as represented by UK MSCI Index is trading at a relative valuation of 50% discount compared to US stocks.

Source: Bloomberg

Picture1.png
Picture2.png
Picture4.png

Volatility for the equity markets remained low, despite major policy events during the past few weeks, resulting in a higher risk adjusted performance for the US Equity markets. 

S&P 500 Index records seventh straight monthly gains.

S&P 500 notched its longest stretch of gains since Jan 2018. S&P 500 index was up seven months straight this year, which was the longest stretch since Jan 2018.

Source: Bloomberg

Final Four

S&P 500 performance after rising more than 20% through August lacks pattern. As per Bloomberg Research, apart from 2021, there has been ten other years when S&P has gained more than 20% for the year till August. Amongst those years, the final four months’ performance of the year from September to December has varied widely from +21% to -32%.

Source: Bloomberg

Cheap as Chips.

UK stocks’ valuation multiples are depressed compared to other regions. Valuation gap for UK stocks with other major markets has widened. UK stocks as represented by UK MSCI Index is trading at a relative valuation of 50% discount compared to US stocks.

Source: Bloomberg

Picture1.png
Picture2.png
Picture4.png

fasanarafintechquant