Decades in the making: MDT Advisers
Who is Federated Hermes MDT Advisers? Video transcript MDT Advisers is the active quantitative equity arm of Federated Hermes. MDT is a US equity-focused investment manager; today we manage nearly US$12bn across several US equity strategies, including a market neutral strategy. While the name ‘MDT’ may not be familiar to you, we have been around […]
A false dawn for China?
Market snapshot
Stock market looking to run the table
One mystery that the Bears forever struggle with is how stock markets are fuelled by the Wall of Worry. Try as we all might to find problems that the market doesn’t already know about it, and hasn’t already reflected in valuations, time after time the markets rally into those very concerns. Everyone is analysing the […]
Has China’s luck changed?
Edit with Elementor Loading Video transcript The Chinese equity market has rallied since late September. Over a two-week period, the market became one of the best performing markets year to date. So far, the rally has been mostly driven by retail investors, ETFs, while institutional investors are still sitting on the sideline. In fact, most […]
Can Beijing do enough to maintain the rally?
Fast reading At the most recent Politburo meeting, President Xi Jinping outlined a far-reaching commitment to enact measures that protect the economy, property and equity markets from further deterioration – it was a clear ‘whatever it takes’ statement. Officials have launched a series of fiscal and monetary stimulus measures, but investor enthusiasm has been tempered […]
Investors vote with their feet
Video transcript Presidential election years tend to be very volatile and choppy in the latter stages going into the election. There were two indicators that we’re watching closely. The first is the economy itself. If the economy historically is growing strongly into the election, the incumbent party retains the White House 100% of the time. […]
UK inflation drop opens door to further cuts
market snapshot
Rates never sleep
By its nature, bond investing requires patience, and the patience of investors has been tested lately by periods of rapid on/off volatility in bond markets. The third quarter of 2024 provided its share of the same, but ultimately produced the fourth best quarterly result in 34 years as measured by the 5.2% return of the […]
All eyes on earnings
market snapshot
Five areas of uncertainty we are monitoring
Broadly, the market has made limited progress since our decision in early July to cut back equity exposures to a more “cautiously bullish” position from the “aggressively bullish” stance we held in the first half. Indeed, since that move on July 8, the S&P 500 is up just barely 3%, following its double-digit run higher in the […]
