Most people have a strong opinion about gold. You either like the idea of owning gold or you reject the precious metal. Including gold in a portfolio can have a positive impact on risk-adjusted returns. Here are 4 points...
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The weekly report contains signals from the noise. We summarize models and strategies, and try to decode the market's message with a scientific approach to stay on the right side of the larger trends. In this edition: Market update Portfolio/strategy development ChartBook (PDF) with observations, statistics...
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Never before has so much information been available to investors. Despite the availability of information, data and powerful applications, it takes knowledge and experience to filter the noise. On social media, many people chase engagement and followers by...
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I asked a question on X about what the average decline on the Stockholm Stock Exchange has been from a peak to a trough during a calendar year since the 1980s. Most people guessed about 10%. It may sound reasonable, but it has actually been almost...
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Prioritize survival instead of maximum return! With global asset allocation, we build capital over time without having to go through the emotional roller coaster of the stock market. The path to the goal is crucial to succeeding in the long term and achieving success. With the help of a...
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To say that “the stock market” rises over time is a simplification that can be misleading if you don’t understand the underlying dynamics that research highlights. It’s easy to study a long-term stock market graph and quickly see that the index...
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The strategy combines the factors of value and momentum to find companies that are trading with strong momentum, but that are also attractive based on valuation multiples. By combining the factors, we avoid potential value traps. We also avoid momentum stocks that are trading well above...
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In the fall of 2023, we received several buy signals in broad indicators and sentiment data while facing a seasonally stronger period in Q4. Now we have once again received a buy signal in an indicator that I usually keep an extra eye on....
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During reporting periods, I always worry about price reactions. How the market receives a report gives an indication of future price development. A stock that rises on a bad report is a signal that the stock is demand-driven. Investors tend to underreact to positive...
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Beginners tend to focus on buy signals that work according to technical analysis while professionals focus on diversification, portfolio weights and risk management! We can have an edge and act on signals that work well over time, but without good position management we will...