Hi JohnWould be good to hear you elaborate on your Chinese re-opening comment ("dead cat bounce")I notice value vs growth in the US from a factor perspective off to near its worst start in 20 years in the US (only worse years were 2009 and 2020...but in 2009 value later came back)Any thoughts on that?Additionally, does gold look overbought to you here? How much lower can yields push to support gold given the hesitancy of the Fed to cut despite near 4 cuts being priced in for them this year?And how do you feel about crude at $65-70...seems like we saw buyers repeatedly step in there this week?Thanks
I'm mainly just looking at the chart of FXI. The price action from Late January through mid-March does not form a complete correction to the prior rally. The rally this week could well just be profit taking from some short positions as opposed to new buyers.
The outperformance of growth vs value this year looks like it is mostly down to mean reversion relative to 2022. It is similar to what I have been positioning for in the equity portfolio recently.
Gold doesn't particularly look vulnerable to me. It is probably due for some sort of correction, but I think people will be buying dips regardless of what rates do.
Hi John Would be good to hear you elaborate on your Chinese re-opening comment ("dead cat bounce") I notice value vs growth in the US from a factor perspective off to near its worst start in 20 years in the US (only worse years were 2009 and 2020...but in 2009 value later came back) Any thoughts on that? Additionally, does gold look overbought to you here? How much lower can yields push to support gold given the hesitancy of the Fed to cut despite near 4 cuts being priced in for them this year? And how do you feel about crude at $65-70...seems like we saw buyers repeatedly step in there this week? Thanks