Investment Management – weekly meeting – 03/11/15

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We persist in thinking that the continuing rise of the stock markets is de-correlated from the fundamentals. We are clearly involved in a momentum play, encouraged by the “Halloween Indicator” and market operators speculating on more help from central banks, especially from the ECB. All independent funds managers are agreeing on this…

Investment Management – weekly meeting – 27/10/15

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Today the financial gurus talk about the “Halloween Indicator” being well oriented… It means that stock prices perform always best between November 1st and May 1st. It’s simply another name (seasonally adapted) for the “sell in May and go away” adagio. The sell in May worked particularly well this year. Let’s see if the Halloween […]

NHS Sicav -NOVACAP Global Strategy fund – September 2015

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September saw a continuation of recent trends that have made the last few months a very turbulent period for investors. The adage “Sell in May and go away” was confirmed for this year 2015! The key element of September was the decision of Mrs. Yellen to postpone the interest rates hike because of the FED’s concerns about […]