June 26, 2022

Globe editors have posted this analysis report with permission of Rosenberg Analysis. This shouldn’t be construed as an endorsement of the report’s suggestions. For extra on The Globe’s disclaimers please learn right here. The next is excerpted from the report:

That is Strategizer, a month-to-month model-driven report, nicely fitted to energetic buyers. It’s an efficient risk-management device, offering scorecards and anticipated future returns for international inventory markets, fairness sectors, bonds and currencies.

This month’s highlights:

Following the continued sell-off in equities final month, Strategizer’s mannequin scores solely confirmed modest enhancements.

That mentioned, there have been two developments value highlighting: i) the TSX outlook shifted from below-average to common returns (a step in the suitable path); and ii) our Asia ex-Japan mannequin flipped “obese” from “impartial.”

Our Treasury bond length mannequin is additional emphasizing its counter-consensus “obese” name — bettering to ranges not seen since 2011.

Strategizer’s U.S. greenback outlook sunk additional, hitting most bearish scores whereas upgrading its view on the Japanese yen to most bullish.

In our month-to-month theme, we spotlight how the a number of compression this 12 months has been significantly pronounced in the costliest section of the market and what this implies going ahead.

We don’t assume the valuation adjustment is full, which argues for additional draw back in U.S. equities.

Learn the complete report right here.

Learn different analysis studies right here

Be sensible together with your cash. Get the most recent investing insights delivered proper to your inbox 3 times every week, with the Globe Investor e-newsletter. Enroll as we speak.

See also  David Rosenberg: Right here’s why this isn't the time to be jumpi...