<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=343345&amp;fmt=gif">

EventShares Quant Corner

 

Quant Corner:

Weekly data points

Our research team regularly analyzes trends and signals in the economy and financial markets.

To receive all of these reports in your inbox each week, subscribe below! 

 

 

 

This Week's Reports


 

Policy & Markets Recap

  • Last week the best performing policy theme was Drug Rebates, while Uranium was the worst.
  • Currently, the most overbought policy theme is Drug Rebates, while the most oversold policy theme is Defense Spending.

Market Fund Flows

  • Equity outpaced fixed Income flows this week (+$8.7B vs. +$2.2B). Equity inflows were led by developed markets (+$8.7B). Gov't bonds (+$1.0B) were favored over corporate bonds (+$0.6B).
  • Basic Materials, Consumer Cyclicals, and Oil & Gas led equity inflows, while Technology, Consumer Non-cyclicals, and Financials led outflows.

Sector Views

  • Last week, cyclical sectors (+0.7%) outpaced sensitive (+0.6%) & defensive (flat).
  • Energy and consumer discretionary led the week, while materials & health care were the worst sectors.
  • Over the last 3 months, Consumer Staples's NTM P/E had the best multiple expansion (+0.8x) while Energy had the worst (-1.5x).

Macro Snapshot

  • Last week, the US 10-2Y spread (27bps) widened 9bps, while the HY-IG spread (307bps) also narrowed -2bps. The US Dollar Index increased +0.3%.
  • Internationally, Brazil (+2.1%) and Canada (-0.2%) performed the best, while India (-3.0%) and Germany (-2.1%) lagged.
  • The top performing commodity, WTI was up (+5.5%), while gasoline was down (-1.4%).

Investment Factors

  • Large-Cap Growth led the week (+0.3%) while Mid-Cap Value saw the worst performance (-1.6%) vs S&P 500 (+0.2%).
  • Growth & Low Volatility were the best performing factors while High Div. Yield & Small Cap were the worst.
  • YTD, IPOs continue to lead the qualitative factors (+20.7% vs S&P 500) while Growth leads style factors (+4.2% vs S&P 500).

 


 

Get Research Insights Weekly in Your Inbox

Get information that matters for your portfolio.

 

 

Follow Us

EventShares Quant Corner Linkedin    EventShares Quant Corner Twitter    EventShares Quant Corner Youtube

 


 

 

 

Portfolio Solution


 

  
EventShares Quant Corner ETF


EventShares Funds

 

Learn More