On BalanceYou 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. […]
Sometimes a bit of anecdotal peer review is good for the soul
As April turns to May the next phase for the market gets underway. However, even if it looks similar, April 2026 was not April 2025 – there are a lot of tactical decisions that still need to be made over the rest of Q2.
As markets nervously embrace the new conditions in the Middle East, we take the opportunity to review how our Smart Alpha strategies have fared in March 2026.
The end of the month, the end of the first quarter and the emergence of a changing landscape for the markets and the real world. Our latest weather report takes a look through the “Apollo lens” at the events of the last month and adds in some broader thoughts on how markets are evolving in response.
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 […]
As equity investor concerns increase over lower beta return expectations from the market portfolio, increased levels of correlations between fixed income and equities and ever higher levels of benchmark concentration, the focus shifts to portfolio construction. By extending our existing Smart Alpha framework we have developed a set of positively convex, all equity portfolios that simultaneously magnify upside returns and hedge downside risks – providing a best-of-all worlds solution to equity risk and return.
This month’s weather report is more of a weather alert as markets enter a “Chaos phase”. What we can see is where we have entered the current period of market turbulence from – those are our initial starting conditions. As for the outlook ahead? We have no visibility right now but we must go forward anyway…
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), […]