📑 Research Notes for 2022-01-17
This week, we look at a grim outlook on the global economy, defensive sector rallies, risks to the stock market, and the missing of retail use case of cryptocurrencies.
We conduct extensive investment research and share the most interesting content that we come across every week. Here is a curated list of this week’s top observations.
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World Bank Warns Global Economy Faces Grim Outlook.
(BBC News)
The global economy faces a "grim outlook", World Bank president David Malpass has warned, as the aftershocks of the pandemic continue to weigh on growth - especially in poor countries. His organization's latest forecast predicts global growth will slow to 4.1% this year from 5.5% in 2021.
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Big Positive Internal Momentum Among Defensive Sectors.
(Sentiment Trader)
The McClellan Summation Index for Staples is now well above +1000, one of its highest readings in a decade. It's not just Staples. Another core defensive sector, Utilities, is also seeing impressive internal momentum. And so is the other one, Health Care. The Summation Index for all 3 sectors is now well above +1000, and their combined value is now in the top 1% of all days since 1952.
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The 3 Biggest Risks to the Market Right Now.
(A Wealth of Common Sense)
The biggest risks are often the ones we don’t see coming but the smaller risks can still cause some short-term discomfort.
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Cryptocurrency Is Suddenly Everywhere — Except in the Cash Register.
(Washington Post)
For all the hype of cryptocurrencies, there’s scant evidence that digital currencies stand on the threshold of some kind of mainstream breakthrough. A recent Pew Research Center survey found that 16 percent of Americans have used cryptocurrency in some way, most buy it as a speculative investment, not for its originally intended purpose — as a way to pay for goods and services.
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Curated by Joseph Lu, CFA®
Joseph has over a decade of experience as an investment professional, primarily in quantitative analysis and portfolio management roles. He is the founder and managing director of Conscious Capital Advisors and a CFA® Charterholder. The CFA charter is a globally respected, graduate-level investment credential by the CFA Institute, a global association of more than 90,000 investment professionals working in over 133 countries.
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The information presented in this newsletter is for educational purposes only and is not a solicitation or recommendation for any specific security, product, service, or investment strategy.
Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to consult with a qualified financial advisor, tax professional, or attorney before implementing any strategy or recommendation you may read here.