On Balance
A look at the beta heat map and net beta chart shows only too well the extent of the rotation into higher beta / cyclical sectors lately. The move is now at an extreme relative to anything seen over the past 5 years and on that basis a rotation the other way should be in order and there is justification for that reversal for two reasons associated with the Apollo process.
How Apollo signals can help to gauge the market. As a first blogpost, it seemed timely to showcase how some of the Apollo signals and indicators can inform us about the prospects for the US market over the next twelve months.
Libra Investment Services has spent the last twelve years operating as a research and advisory business to equity market investors worldwide. At the heart of our approach is the idea that equity markets are not a complicated problem to simplify and solve but instead are an open, complex adaptive system to be analysed and understood as much as we can; regardless of their current state of uncertainty or unpredictability.