QAS MACRO REVIEW: MARCH 2018
Coffee, Semiconductors, Cloud Computing, Pound and Yen in a Spotlight
One of the best features of our ETF screening process is that we make the results available to our clients each day before 5:30 pm. It’s good to have a comprehensive summary of the markets immediately after a market close and see what areas present new opportunities (investment ideas) and where one should probably look into some risk management activity.
We offer several levels of the ETF analysis, but our Top 100 HEATMAP (see below) is a great starting point for any Macro analyst or portfolio manager. It covers all major ETFs across all asset classes, and therefore you can see at a glance what asset classes are turning positive or negative base on the QAS rating system. We can also quickly spot the ETF instruments inside each asset class that are currently showing low risk and therefore presenting a good opportunity to buy.
As of 03-13-18, we noticed that there is significant rotation among all asset classes as well as some new changes inside each asset class.
As a quick overview, we currently favor US Technology in general and more narrow areas like the Semiconductor, Cloud Computing, Coffee, British Pound and Japanese Yen ETFs. Our least favorable asset classes are Bonds, Real Estate and MLPs. There is an interesting decoupling between Gold Miners (Negative) and Gold commodity (Positive).
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© QAS 2018. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this article.
