Markets should ignore cyclical factors and focus at the structural factors instead

How often do analysts get the markets wrong? How often to fund managers get stock picks wrong? They get things wrong far more often then they get it right.

2017 was probably the worst year for hedge funds. And the start of 2018 isn’t turning out to be any better.

The problem probably lies with everyone focussing on the business cycle rather than the structural factors driving the markets. Continue reading “Markets should ignore cyclical factors and focus at the structural factors instead”

Here are some interesting things you may have missed in the equity, commodity, currency and bond markets

1. Hong Kong’s Hang Seng Index is up 34% over the past year.
2. Tencent Holdings (the owner of WeChat – the WhatsApp equivalent in China and several other things) is up 116% over the last year. It is currently worth over $550 billion and is most valuable social media company (bigger than Facebook).
3. Ping An Insurance (Ping An Insurance Group Company of China Ltd) is now the world’s largest and most valuable insurance company. Its stock is up 110% over the year. Continue reading “Here are some interesting things you may have missed in the equity, commodity, currency and bond markets”