Style regimes constitute one of investors’ largest risk factors, second only to overall equity exposure. After 15 years of growth style dominance, the return of intra-market volatility has prompted renewed interest in style framework and cyclical rotations. By reacquainting ourselves with the dynamics of style cycles, we can better understand how these portfolio building blocks shape our financial futures. In this analysis, I will demonstrate that style returns are the market’s veritable gulf stream, and investors should not ignore their powerful currents. I will address three basic yet fundamental questions: 1. What is the typical duration of growth and value…
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By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar was perched at an over two-month high against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term, pinning the yen closer to the key 150 per dollar level. The euro also remained on the back foot, trading near the lowest level since Aug. 8 touched on Monday ahead of the European Central Bank policy meeting on Thursday, where the central bank looks set to deliver another interest rate cut. A string of U.S. data has shown the economy to be…
The 2024 Tesla Model 3, particularly the “Highland” variant, introduces noteworthy enhancements in noise reduction and driving comfort. Testing revealed that a Long Range RWD model averages 67 decibels at a 70 mph cruise, a three-decibel improvement over the last tested Model 3, which was a 2019 Dual Motor Long Range. This reduction in noise signifies a significant shift in the driving experience, making long-distance travel more enjoyable. Previous models had been cited for their relative noisiness compared to other vehicles, but the 2024 iteration changes that perception. Several engineering advancements contribute to the improved quietness of the latest Model…
Earnings season continues, and we’re here to spotlight the companies set to report their financial results on Tuesday, October 15, 2024. Leading the pack are healthcare giants United Health Group and Johnson & Johnson, along with financial heavyweights Bank of America, Goldman Sachs, and Citigroup. These reports will provide crucial insights into the health of various sectors as we progress through this earnings season. Earnings Before the Open: • United Health Group (UNH): EPS est. $7.02, Revenue est. $99.14B • Johnson & Johnson (JNJ): EPS est. $2.19, Revenue est. $22.17B • Bank of America (BAC): EPS est. $0.76, Revenue est.…
(Reuters) – Citi Research on Monday raised its bull case scenario for oil prices for this quarter and the next one, citing heightened potential of the market to fear or realize supply losses during these months due to growing Middle East conflict.The bank upgraded its bull case for the fourth quarter of 2024 and first quarter of 2025 to $120 per barrel (bbl) from $80/bbl.However, “we maintain our baseline forecast for $74/bbl Brent in 4Q’24 and $65/bbl during 1Q’25, owing to weak underlying oil market fundamentals,” Citi added.It also said it was holding its bear scenario, which includes OPEC+ raising…
Toyota is recalling its 2023 and 2024 Corolla Cross Hybrid models due to a brake component issue that affects a total of 42,199 vehicles. While this number includes vehicles worldwide, not all affected units were sold in the United States. The recall has been documented in filings with the National Highway Traffic Safety Administration (NHTSA), the agency responsible for overseeing vehicle safety and recalls in the U.S. The cause of the recall is a software error in the skid-control electronic control unit (ECU) that oversees the vehicle’s braking system. This malfunction can lead to a loss of power brake assist…
You might be wondering how the Mazda MX-5 Miata could ever compete with the legendary BMW M3. On paper, it seems like a mismatch. The powerful BMW M3 Competition xDrive Sedan boasts a whopping 523 horsepower and can sprint to 60 mph in just 3.4 seconds, putting it in supercars. On the other hand, the 2024 Mazda MX-5 Miata offers both a classic soft-top convertible and a stylish RF version with a folding roof. The Miata starts at a much lower price, ranging from $28,985 to $37,010, and features a modest 2.0-liter inline-four engine that produces 181 horsepower and 151…
ISTANBUL (Reuters) – Turkey’s economy will grow 3% this year and next, lower than the government’s recently updated forecasts, a Reuters poll of economists showed on Monday, pointing to a much deeper slowdown as authorities seek to douse rampant inflation. Poll respondents also unanimously agreed the central bank would hold its key interest rate at 50% on Thursday, but eventually ease policy by 250 basis points by year-end. Ankara launched its tightening drive in mid-2023 to reverse a years-long low-rates strategy championed by President Tayyip Erdogan to boost economic growth. The central bank has since raised rates by 4,150 basis…
A man wearing a mask walks past a Nvidia logo in Taipei, Taiwan.Sopa Images | Lightrocket | Getty ImagesAsian chip stocks rose on Tuesday after Nvidia closed at a record high overnight as the chip company continues to ride the massive artificial intelligence wave.Stocks tied to Nvidia suppliers as well as other chip companies advanced as the bullish investor sentiment spilled over. Shares of South Korean chipmaker SK Hynix, which manufacturers high bandwidth memory chips for AI applications, for Nvidia surged 2.8%.Samsung Electronics, which is expected to be manufacturing HBM chips for some Nvidia products, saw its shares rise 0.5%.Shares…
Kimi Antonelli, the young driver set to take over from Lewis Hamilton at Mercedes in 2025, is currently analyzing Hamilton’s data and believes that their driving styles align closely. This discovery could simplify Antonelli’s transition into the F1 team, as he may not need to make drastic adjustments to the setup charts created by Hamilton. This revelation has garnered attention in the F1 community, highlighting the promising potential of the teenage driver and his ability to adapt to the high-performance demands of the team. In a strategic move to enhance its presence in the United States, McLaren has formed a…