5788 December was a month with positioning very much at the forefront. Yesterday’s winners are today’s losers the thesis of the month. That being said, markets still managed to make all-time highs, again! Hedge funds clearly de-risking year end, locking in their profits meant we saw pockets of volume going through in certain names. With […]

5788 November was a month of low volume and low volatility with markets continuing to climb the wall of worry that saw the STOXX 600 rise to a new all-time high only two weeks ago. SXXP went 26 days through Oct and Nov without a move greater than +/-1%. However, a return of covid fear […]

5788 October brought us earning season and it was interesting to see how investors were championing any small positives, but misses were punished as expectations had been walked down into the event. Continued confirmation of sky high energy/raw material prices having an impact on production as well as producer price inflation. Overall, with central banks […]

5788 That now makes it seven consecutive months of gains for the S&P, albeit on subdued summer volumes. Despite less bums on seats, insights into the pace of the US recovery & pivotal decisions around the Fed’s taper, investors have kept engaged, and fearful of being wrong footed by the market. We continue to see […]

5788 Halfway through the month and following more new AHT’s, we have now started to see a move lower across the board, with volumes remaining subdued. Delta concerns, lockdowns in Australia and New Zealand clearly on people’s minds along with tapering fears. There has been a flurry of activity by hedge funds selling Auto’s but […]

Half way through the year, scary as that sounds, means earnings season is just around the corner. Bit more activity in the market last month has meant we’ve seen Hedge Funds buying the Oil & Gas Producers and the continued buying in Engineering & Construction names. On the Institutional side, we have seen large shift into buying Packaged Food and Biotech/Pharma names.

We’re now through May, and finally it’s starting to warm up leading into the summer! More of a subdued feel in the markets this month. Flow wise, we’ve seen a continuation of Hedge Funds buying the Industrial Services names, while interest in buying Autos has dried up. On the Institutional side, we have seen increased buying of Banks to pair off the sell skew from April.