Why we got back in the market Roman Chuyan, CFA 11/9/2020 Note: this report was sent to our clients on 11/2/2020. Stocks took off like a rocket ship since then. ~~~~~~~~~~~~~~ Our Equity Model’s outlook for the S&P 500 changed from Neutral to Positive. Our Short-Term Risk model gave a
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market outlook
Mar 16, 2020 | Post by: Roman Chuyan, CFA Comments Off on This Is a Bear Market
This Is a Bear Market
Roman Chuyan, CFA March 15, 2020 Our fundamentals-based process has helped protect against the entire downturn so far. Stocks are cheaper, but economic factors are now negative, and so is our outlook for the S&P 500. I describe developing themes (earnings, economic) that might continue to pressure markets. All major
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Mar 06, 2020 | Post by: Roman Chuyan, CFA Comments Off on How We Protect Against This Downturn
How We Protect Against This Downturn
Roman Chuyan, CFA February 29, 2020 Our fundamentals-based process helped protect against the entire market correction so far. Our equity model’s outlook for the S&P 500 remains negative; we maintain defensive positioning. The correction made stocks somewhat cheaper, but valuation remains negative. What a difference a week makes! Stock markets
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Dec 16, 2019 | Post by: Roman Chuyan, CFA Comments Off on Welcome To the 2020’s
Welcome To the 2020’s
Roman Chuyan, CFA December 15, 2019 Our equity model’s 6m forecast for the S&P 500 remains negative on high market valuation. According to the negative forecast, we continue with defensive portfolio positioning. In this year-end report, I’d like to provide a broader perspective. This is the end not only of
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Nov 06, 2018 | Post by: Roman Chuyan, CFA Comments Off on Stock Rebound Is In Order
Stock Rebound Is In Order
I describe some investor fears that triggered the stock market correction and more importantly, why a rebound is in order. Valuation for the S&P 500 has improved, and earnings growth is exceptionally strong, +25% YoY. U.S. economic strength continues – but Europe is slowing rapidly which might be a
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Jun 30, 2014 | Post by: Roman Chuyan, CFA Comments Off on Equity Market Rally In 2014 Is Just Starting
Equity Market Rally In 2014 Is Just Starting
By Roman Chuyan, CFA Note – this article was written in early July 2014; but is still applicable now. Here we are in the middle of 2014, and many investors and advisors are reassessing their asset allocation for the rest of this year. Investors and managers who actively manage their
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