On BalanceSemiconductors. The talk of the town and today is no exception. It’s been (and is) a must have sector for investors. It’s also a sector where the media and bears can’t stop trying to call the top. Three months ago we posted an article here on Linkedin – ‘Chips with everything’ in which we showed […]
You can Bank on it. AI’s not just a tech story anymore. It’s seeping into every corner of the market and that’s a big reason ‘Wall Street’s’ rushing to lift S&P 500 targets toward 8,500+. Time to look beyond Big Tech. Financials (S5FINL) are primed to benefit across the sector: productivity, risk, revenue. As Jamie […]
The chart below provides an excellent example of what we at Libra and the Apollo data set and signals have been doing for 20 years and still are. This image is BP – needless to say benefitting from events in the Middle East. And how. Anticipating entry and exit points for stocks, sectors and markets is tough. […]
Talk about about a change of heart! Mention the word AI and certain stocks come to mind, but few more so than hashtag#MSFT. It’s well known that investor attitudes to AI story have changed – it’s gone from buy everything associated with AI due to the exponential growth potential to focus on extraordinary Capex and […]
In dark times, you need a friend. I was asked this morning politely what I thought of markets, given I’ve been around a long time. Pride aside, it’s actually true. From Black Monday (Oct 1987) to the Gulf War (1990–91), the 1994 bond shock, the Asian Financial Crisis and LTCM (1997–98), the dot‑com bust (2000–02), […]
Last week I shared the Apollo “Margin of Safety” chart on Pepsi (see articles) and noted how it, specifically and Consumer Staples as a sector (AKA “HALOS” – an acronym I heard coined by Joshua Brown in a recent and excellent podcast) are trading at a historically large premium to Value. That premium reflects risk […]
I don’t start the day wondering what to write the topic finds me. Every morning brings news, earnings, or rumour that creates an explosion of volatility: fact and supposition collide and markets move. The art of investing has changed. Today, success demands an additional, essential skill: recognising risk and opportunity in real time and then […]
At the start of last year I wrote a piece with the same title. Coming into 2025, many investors assumed 2024’s winners would stay winners. Then a surprise policy shock broad reciprocal tariffs announced by the White House sent markets into a tailspin. The cockpit went dark: prices became hypersensitive to headlines, speculation and narrative. […]
I wrote a piece the other day ‘What, when and why? The portfolio manager’s dilemma’ in which I said that I don’t start the day knowing what I am going to write. Opportunity just knocks. Whether you are an analyst or portfolio manager, you need to know when share prices are offering opportunity or risk […]
Knowing the when the where and the how is a powerful tool within the investment armoury.