FSI Sector Allocation
- FSI Sector Allocation
- FSI Sector Allocation
FSI Sector Allocation - November 2023 Update
Please CLICK HERE to download the November sector allocation report in PDF format. This past October, the stock market was significantly influenced by macroeconomic factors, particularly the rise in interest rates. At its worst, the S&P 500 declined nearly 6 percentage points from its intra-month high to the low. However,...
- FSI Sector Allocation
FSI Sector Allocation - October 2023 Outlook
Please CLICK HERE to download the October sector allocation report in PDF format. We are pleased to announce the much-anticipated relaunch of the FSI Sector Allocation Strategy, designed to help investors outperform the market in the long run while managing risk exposure. The new sector allocation model is comprised of...
- FSI Sector Allocation
- FSI Sector Allocation
June Outlook 2023
The equity markets continue to be quite fractured, with larger-cap Tech/AI-related in one bucket and dominating weighted indexes like SPX and NDX, and broader-based and equal-weighted metrics like SPW and Russell 2000 in the other. After a surge of outperformance in the former, it appears that traders now want to...
- FSI Sector Allocation
May Outlook 2023
The combination of the inflation fight dragging on, the labor market remaining resilient, no Fed easing, the economy continuing to move towards some type of landing, and the ongoing lowering of forward corporate profit expectations will likely limit overall equity-market upside potential, arguably raising the odds for a challenging period...
- FSI Sector Allocation
April Outlook 2023
During March, the S&P 500 once again found technical support around 3800 and has bounced on declining bank contagion fears and a return of dovish Fed expectations. Investors are also beginning to digest economic data that is showing signs of weakening. The ongoing debate about the future path for Fed...
- FSI Sector Allocation
2023 February FSI Sector Outlook
My work still suggests that the ongoing equity bounce that began at the October bottom and has been working its way higher is a counter-trend bear market-rally that will end. Admittedly, it has gone further over a much longer time span than both my indicators and macro views were signaling....
- FSI Sector Allocation
2023 January FSI Sector Outlook
I did a deep dive into my sector (GICS L-1) work and have updated my thoughts. The main positioning takeaways remain unchanged from my last couple of updates — relative attractiveness for Defensive non-cyclicals and select offensive Growth, with above-Neutral views for Health Care, Staples, Utilities, and Energy. I remain...
- FSI Sector Allocation
2022 December FSI Sector Outlook
I did a deep dive into my sector (GICS L-1) work and have updated my thoughts. The main positioning takeaways remain unchanged from my last update — relative attractiveness for Defensive non-cyclicals and select offensive Growth, with above Neutral views for Health Care, Staples, Utilities, and Energy. I remain below...
- FSI Sector Allocation
2022 November FSI Sector Outlook
Despite the U.S. equity market having an explosive start to October, my work and key indicators remain unfavorable. The ASM indicator for the S&P 500 is continues to weaken and still needs more time to reach its maximum pessimistic reading for this cycle. Historically, this does not bode well for...
