Albert Edwards, a London-based provocative strategist for the French bank society Génrale, has been predicting for decades that the US and Western Europe will follow Japan into an era of deflation and ultrallo bond yields, which he calls the “Ice Age”.
Even though some of his warnings about the stock market have panicked, he has remained very much on the mark about it. But Edwards acknowledged that if bond yields are low, growth stocks should perform well.
“In the ice age, quality, development and earning certainty must be and should be kept to a minimum. “Sadly, as in 2001, any stock (or sector) is beaten that warns of profits, and the market is perceived to have fooled it, and misjudges it as a growth stock,” he said. Says.
Edwards points out that U.S. For the information technology sector G sector, its price has improved compared to the market, but the stock has started to deteriorate as expected compared to the market.
Forget distrust or bond yield worries – any indication, he says, could lead to a fall in the style assessment of Hurricane 2001. Including Micro MS MSF MSFT,
In the traditional Fang stocks of Facebook FB,
Amazon AMZN,
Apple Pal AAPL,
Netflix NFLX,
And Alphabet Google, the owner of Google,
He points out that the rest of the S&P 500 has performed less than the rest of the world.
“Ice Age Thesis supports K-style valuation polarization in the equity market. Growth and quality stocks should be expensive in terms of value and compounding. “If you donate to a valuation award like the Caesar that wears growth stock, and then declare yourself as a cyclical announcer when you’re sitting on this nasal valuation,” he expects a crime like Brutus.
Humming
President Donald Trump and former Vice President JB Biden discussed the response to the COVID-19 epidemic, immigration and climate change. Biden said he would “transition from the oil industry,” a remark made by Trump, who asked voters in Texas as well as the swing state of Pennsylvania to remember that. After the discussion, Byden said it was the remnants that he wanted to get rid of instead of fossil fuels.
No new developments appear to have taken place in the financial stimulus talks on Thursday evening.
Gilead Sciences Guild,
Vaccery has been approved by the Food and Drug Administration, whose COVID-19 treatment is previously known as remedesivir for patients hospitalized with COVID-19 infection.
Microchip giant Intel INTC,
Its data-center business has registered lower-than-expected profits and sharp declines, as its fourth-quarter sales estimates are disappointing.
Toy maker metal matte,
Reported third-quarter profits ahead of expectations.
Shares of UK Bank Barclays BCS,
The rally was held in London after the expected third-quarter results.
U.S. Purchasing Managers Index data is outstanding, after Eurozone readings hit a four-month low in October.
Bazaar
U.S. Stock Futures ES00,
NQ00,
High edge.
Dollar lx dxy,
Slipped, while yielding on 10-year Treasury TMUBMUSD10Y,
The last six days saw an increase of about 13 basis points, which was 0.86%.
Chart
Citi analyst Alistair Simm discussed how the Biden administration would deal with the oil industry and showed the percentage of cash flows from operations in the U.S. federal territories to major oil companies – ExxonMobil XOM
Chevron CVX,
ConocoPhillips COP,
BP BP,
And the Royal Dutch Shell RDSA,
“Strictly allowing, for example, can make growth ambitions imaginable for a company [Exxon] In Permian, where most of the development depends heavily on drilling wells in federal lands in New Mexico, ”he said.
Another point he stressed was that a change in attitudes toward carbon could have a very big impact in which industry could gain access to capital, and that it was now in the U.S. Integrated oil companies benefit from funding over their European rivals, as an alternative to post-holiday promotion.
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