Old school
November 15th, 2020
⏰ 1 minute read
⏰ 1 minute read
Reversals
Suddenly markets are on fire again! After making highs in June/July stock markets around the world fell in August & September. But in October things started to turn around again & we are suddenly at new highs despite rising Corona virus cases. Not only are markets defying & reversing the negatives, but here’s some other interesting reversal of fortune trends.
Dow
First it’s back to old school in US markets. The hot index this year has been the Nasdaq as technology was seen as winner in a new era of doing everything remotely from home. But now suddenly it’s the old school Dow which is out performing. The last one month, Nasdaq is flat at 11,200, Dow is up +1,100 points.
Suddenly markets are on fire again! After making highs in June/July stock markets around the world fell in August & September. But in October things started to turn around again & we are suddenly at new highs despite rising Corona virus cases. Not only are markets defying & reversing the negatives, but here’s some other interesting reversal of fortune trends.
Dow
First it’s back to old school in US markets. The hot index this year has been the Nasdaq as technology was seen as winner in a new era of doing everything remotely from home. But now suddenly it’s the old school Dow which is out performing. The last one month, Nasdaq is flat at 11,200, Dow is up +1,100 points.
Stocks are suddenly going ‘old school’...
JCI
Second is Indonesia. We have lost out to the US markets in terms of performance for a decade. This continued this year, but now suddenly our stocks are doing better. While in the last 1 month the Dow is up +4%, the JCI is up +8% & the rupiah is up +4% for an out performing total +12% USD return.
Oil
It’s a smaller difference but as financial panic recedes, oil is out-performing gold the last one month. This is having interesting impacts in the market. Next Era Energy which is wind & solar had become a larger market value than Exxon, but now XOM is bigger again. Old school XOM shares are up 4% the last month, Tesla down -10%.
Laggards
Within our market there’s some interesting reversals of fortune going on too, also with an element of old school. A group of ten stocks we cover which had a terrible 2Q with sales declining on average -41% from the first quarter have had a huge sales rebound of +65% in the third quarter. Many of them are ‘old school’ names...
Second is Indonesia. We have lost out to the US markets in terms of performance for a decade. This continued this year, but now suddenly our stocks are doing better. While in the last 1 month the Dow is up +4%, the JCI is up +8% & the rupiah is up +4% for an out performing total +12% USD return.
Oil
It’s a smaller difference but as financial panic recedes, oil is out-performing gold the last one month. This is having interesting impacts in the market. Next Era Energy which is wind & solar had become a larger market value than Exxon, but now XOM is bigger again. Old school XOM shares are up 4% the last month, Tesla down -10%.
Laggards
Within our market there’s some interesting reversals of fortune going on too, also with an element of old school. A group of ten stocks we cover which had a terrible 2Q with sales declining on average -41% from the first quarter have had a huge sales rebound of +65% in the third quarter. Many of them are ‘old school’ names...
