The 'January effect' has returned to the markets and has caused strong rises in the stock market in the early stages of the year. Alberto Matellán, chief economist at MAPFRE Inversión, and Ismael García Puente, fund manager and fund selector at MAPFRE Gestión Patrimonial, list the factors that have caused this change in trend.
The future belongs to sectors, companies or asset classes that have been reviled for a long time.
The bullish rally will continue until the end of the year, although there are still risks that could cause a downward turn.
Sports are probably the most overlooked thematic investment globally. In the catalog of different fund managers, we find funds specialized in robotization, artificial intelligence, population pyramids, etc., but not a trace of sports.
Thursday at 11:59 pm is the deadline for professional soccer clubs in Spain to sign new players. That means it’s a good time to ask ourselves whether we, as investors, could learn something from athletic directors and vice versa.
After a ~21% decline in the S&P 500 during the first half of 2022, the P/E multiple of the index has declined from 21.2x to ~15.9x (slightly less than the 25-year forward average of 16.9x).
For investors, spinoffs—turning a division into a publicly traded company by issuing newly created stock—can unlock value.
REPowerEU is a way to accelerate and reshape the EU’s energy transition towards self-sufficiency, phasing out energy dependence on Russia and accelerating the transition away from fossil fuels in the medium term.
The outlook is more uncertain than investors expected a few months ago. The war started by Russia in Eastern Europe has upended analysts’ forecasts regarding the pace of recovery, inflation, and monetary policy put in place to control the price level.