Truemind Capital

JULY 19, 2024

Several factors were common between the two markets: robust corporate earnings growth, expected cuts in interest rates and a shift in investor expectations from a valuation-led phase to an earnings-led phase. Central bank actions and future policy signals influenced by US election outcomes, will be crucial for the rest of the financial year.

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Truemind Capital

APRIL 21, 2023

After one of the fastest increases in interest rates in history by all the major Central Banks in a matter of 12 months to contain inflation, the cracks have started showing in the form of bank collapses in the USA (SVB and Signature) and Europe (Credit Suisse). 5%) and by RBI (25 bps to 6.5%). For the last 1.5

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Truemind Capital

AUGUST 12, 2023

The interesting question is why the recession has yet not occurred even after one of the fastest increases in interest rates in history by all the major Central Banks in a very short span of time. The recent rally in the market has made the valuations more expensive compared to historical standards.

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Discipline Funds

DECEMBER 10, 2024

It has nothing to do with gold or any fixed monetary unit, not even central bank “reserves”! No other country comes remotely close to competing with the US dominance in global market valuations. But the asset allocator in me looks at this and wonders “how is this not a huge potential risk for US investors”?

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Truemind Capital

JUNE 30, 2022

After the subprime crisis in 2008, many developed countries’ Central Banks started printing money and flooding the global economies with cheap liquidity. However, we can think of three possible scenarios ahead: Irrespective of what scenario will pan out, equity valuations inevitably have to adjust according to the principle of mean reversion.

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James Hendries

MARCH 13, 2023

Instead, we got a shockingly fast collapse of a financial institution with over $200 billion in assets, which turned the market’s focus toward the stability of the banking system and what systemic risks banks might be facing. But valuations strongly favor value over growth.

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Truemind Capital

NOVEMBER 29, 2020

Significant debasement of money has happened and will continue to happen as per the promises made by the Central banks all around the world. There is no price for guessing that gold as an asset class can protect against the risk created by the actions of our policy makers. Nifty currently is trading at a multi-year’s high valuation.

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Trade Brains

SEPTEMBER 26, 2024

The exchange also received the CII EXIM Bank Excellence Prize in 2014 and 2016. Key indicators like banked population and market capitalization improved. Indian households traditionally invested most savings in physical assets. However, financial asset allocation increased recently. lakh crore and ₹3.1

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Truemind Capital

OCTOBER 18, 2024

The assumption that asset prices will keep rising can quickly be challenged by things like escalating geopolitical tensions, a U.S. This is where our disciplined dynamic asset allocation approach will really shine, keeping us steady through any rough waters ahead. The tech sector, too, was a star with BSE IT returning 13.71%.

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Truemind Capital

JANUARY 16, 2024

They like to talk about Bajaj Finance and not Yes Bank in their portfolio. Most of the time, even the winners account for very low weight in the overall assets, resulting in miniscule contribution to the portfolio returns. We continue to hold positions in large-cap value stocks and maintain no allocation to mid & small-cap funds.

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James Hendries

SEPTEMBER 27, 2022

The LPL Research Strategic and Tactical Asset Allocation Committee is increasing its recommended interest rate exposure in its tactical allocation from underweight to neutral. Earnings per share (EPS) is the portion of a company’s profit allocated to each outstanding share of common stock. All index data from FactSet.

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The Big Picture

FEBRUARY 6, 2024

My mental image was that he worked in the bank of, back of a bank approving mortgage applications. And speaking of the.com implosion, like Microsoft via a case study where we, in previous strategies, we held Microsoft for a very long time, that’s where the valuation could help us in the.com bus. It was over 50 right?

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Truemind Capital

SEPTEMBER 13, 2021

Sentiment cycles move from one extreme of greed to another extreme of fear which takes valuations also to extremes from their long-term averages. At the extreme of fear sentiment (which coincides with dirt-cheap valuations), the risk-reward is highly favorable i.e., higher potential upside with lower potential downside risk.

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James Hendries

JUNE 26, 2023

However, the impending end of the Federal Reserve (Fed) rate-hiking campaign, and the economy’s and corporate America’s resilience, help make the bull case that steers LPL Research toward a neutral, rather than negative, equities view from a tactical asset allocation perspective. At the same time, the resilience of the U.S.

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Brown Advisory

JUNE 3, 2015

Ahead of the first tightening by the Federal Reserve in nine years, we are shifting into less-traditional assets, anticipating that, at best, U.S. stocks and fixed income securities will probably languish when the central bank begins to withdraw record stimulus. Concern about future economic growth undermines valuations.

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Brown Advisory

MARCH 30, 2018

While February’s volatility did not materially change our asset allocation views, it reinforced to us the importance of a comprehensive discussion about how we think about risk and how we manage it. Our asset allocation process accounts for a wide range of potential outcomes over the next 18–36 months.

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James Hendries

JANUARY 13, 2023

economy to avoid recession, and support above-average valuations. The relationship between inflation and stock valuations is a strong one, as shown in Figure 2 , which meant the market could no longer support price-to-earnings (P/E) ratios over 20 (the same goes for the relationship between interest rates and stock valuations).

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Brown Advisory

MAY 31, 2017

EUROPEAN RE-ENTRY: Why We Are Shifting Portfolios Toward European Stocks achen Thu, 06/01/2017 - 02:47 Asset allocation—at least for us—is an exercise in nuance. We move slowly and carefully when it comes to shifting our portfolios away from one asset class or region and toward another. is not particularly notable.

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Brown Advisory

MAY 31, 2017

Asset allocation—at least for us—is an exercise in nuance. We move slowly and carefully when it comes to shifting our portfolios away from one asset class or region and toward another. EUROPEAN RE-ENTRY: Why We Are Shifting Portfolios Toward European Stocks. Thu, 06/01/2017 - 02:47. is not particularly notable.

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Brown Advisory

JULY 24, 2018

But beyond the economic cycle’s age, several factors suggest that a more defensive mindset is worth considering: Valuations are elevated. Robust Q1 2018 earnings growth improved the valuation picture for U.S. It is worth noting that valuations are more reasonable in developed international and emerging markets; however, U.S.

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Brown Advisory

JULY 24, 2018

But beyond the economic cycle’s age, several factors suggest that a more defensive mindset is worth considering: Valuations are elevated. Robust Q1 2018 earnings growth improved the valuation picture for U.S. It is worth noting that valuations are more reasonable in developed international and emerging markets; however, U.S.

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ClearMoney

NOVEMBER 4, 2021

As with many things in life, the truth is somewhere between the extremes: While both simulated and real-world data suggest momentum may not be suitable as a driver of long-term asset allocations, we believe momentum considerations can be integrated in a cost-effective way to help inform daily portfolio management decisions.

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Truemind Capital

MARCH 20, 2020

In good times i.e. when the market valuations are usually very high, everyone agrees to the logic of buying low and selling high. Not understanding the role & importance of tactical asset allocation (overweight debt in euphoric times and overweight equity in a time of acute pessimism) in creating superior returns over the long term.

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James Hendries

NOVEMBER 15, 2022

One equity market debate discussed frequently in the LPL Research Strategic & Tactical Asset Allocation Committee (STAAC) is the growth vs. value style reversal experienced the past 12 months. Increasing the discount rate, which lowers the present value of future cash flows, and company valuations.

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James Hendries

JULY 3, 2023

Later on, funding becomes essential, either via private equity, venture capital, or a direct relationship with investment banks, and even the Bank of Mom and Dad. sectors) with the exception of preferred securities, which look attractive after having sold off due to stresses in the banking system.

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James Hendries

DECEMBER 4, 2022

Retailer valuations have also taken a hit, as the forward (next 12 months) P/E multiple has contracted ~20% year to date, from ~27x to ~22x currently. Earnings per share (EPS) is the portion of a company’s profit allocated to each outstanding share of common stock. All index data from Bloomberg. 12/2023).

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James Hendries

NOVEMBER 3, 2022

Still, as we survey what are better equity valuations, long-awaited income opportunities in the bond market, and a likely less-antagonistic Fed in 2023, there may be emerging reasons to believe that the next year may be more constructive than the last. Asset allocation does not ensure a profit or protect against a loss.

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James Hendries

MARCH 6, 2023

Higher interest rates are challenging stock valuations and perhaps pushing the gains further out in 2023, but we still see solid potential for double-digit returns for stocks this year. Earnings per share (EPS) is the portion of a company’s profit allocated to each outstanding share of common stock. All index data from FactSet.

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Brown Advisory

AUGUST 1, 2018

We tend to be strategic rather than tactical in our approach to investing, but a combination of recent fundamental developments and valuation changes has caused us to add a note of caution in conversations with clients and in the management of their portfolios. Concentration: Much of the U.S.

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Brown Advisory

AUGUST 1, 2018

We tend to be strategic rather than tactical in our approach to investing, but a combination of recent fundamental developments and valuation changes has caused us to add a note of caution in conversations with clients and in the management of their portfolios. Concentration: Much of the U.S. Risks in Bonds.

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James Hendries

NOVEMBER 15, 2022

The Strategic and Tactical Asset Allocation Committee’s (STAAC) S&P 500 year-end fair value target of 4,000-4,100 is based on a price-to-earnings ratio of 17.5 It is also a major component used to calculate the price-toearnings valuation ratio. times the STAAC’s 2023 S&P 500 earnings per share forecast of $230.

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James Hendries

JUNE 20, 2023

LPL’s Strategic and Tactical Asset Allocation Committee (STAAC) recommends a neutral tactical allocation to equities, with a modest overweight to fixed income funded from cash. sectors) with the exception of preferred securities, which look attractive after having recently sold off due to the banking stresses.

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James Hendries

AUGUST 15, 2022

We maintain our preference for equities over fixed income and cash in our recommended tactical asset allocation. Stock valuations are higher but bond yields are still low enough to support valuations with the 10-year Treasury yield well under 3% despite the big jobs number. All index data from FactSet.

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Brown Advisory

APRIL 1, 2015

In Engines That Move Markets, a 2002 book about the cycles of technology investing, Alasdair Nairn defines “bubbles” as periods when investors appear to suspend rational valuation, much as they had during the dotcom craze shortly before the book was published. Unsurprisingly, as volume has increased, so have valuations. Possible Signs.

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James Hendries

NOVEMBER 22, 2022

Recent wholesale inflation tells a similar story of a peak in pricing pressures, which has been the expectation of the Strategic and Tactical Asset Allocation Committee (STAAC) at LPL Research. Earnings per share (EPS) is the portion of a company’s profit allocated to each outstanding share of common stock.

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Investing Caffeine

APRIL 1, 2022

They certainly could, but valuations remain attractive given where interest rates currently stand. If interest rates rise dramatically, all else equal, then that will be challenging for all asset pricing. Source: Yardeni.com. Could the headwinds previously described cause prices to go lower? www.Sidoxia.com. Slome, CFA, CFP®.

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Truemind Capital

SEPTEMBER 13, 2019

Example 1: How would have your investment looked like if you had invested in top world class banks 12 years ago on the philosophy of buy & hold for the long term? Let’s evaluate a few examples to understand how time in the market would have worked for you in the following cases.

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