Quant Coalescence

February Sees Best Month for Equities in over 3 Years

March, 2015 PCM Quant Coalescence

Equities experienced their best month in over 3 years in February as measured by the S&P 500, which rose 5.49%. Quantitative easing begins in Europe on March 9th and the market appears to be anticipating at least some of that capital being reinvested in U.S. equities. Equities continue to ignore any warning signs as it brushes off the negative forward guidance from 80% of U.S. companies reporting their 4th quarter 2014 earnings, the possibility of deflation and what that means, indications that risk aversion is increasing, and a historical sell off in oil. Additionally, the market is at levels sign.... Read More..

Market Pulse

What in the world is going on?

A brief review of 2014 financial markets and what it may mean for 2015:

With the exception of the US, India and China, the world's equity markets were down in 2014. Japan was down 7.4% and officially entered into a recession. The three largest European markets; the U.K., Germany, and France were down 13 plus percent and their economies are very close to following Japan into a recession.

The Goldman Sachs Commodity Index, led by Oil and Precious Metals fell 33%. This in turn led to significant losses in commodity export economies/stock markets such as Russia, down 49%, Brazil, down 18.2% and Australia, down .... Read More...

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