Avrist Asset Management

For this week's market analysis, go to our most recent Fund Manager's Letter! Keep up to speed with our complete examination of market trends, investing techniques, and economic statistics. Click here to read the complete document and obtain helpful insights to help you make better financial decisions.  #WeeklyCommentary #Investment #MarketOutlook

Avram's 2024 Investment Blueprint: The Top 3 Strategies You Need to Master Discover the three essential investment strategies that can help you navigate the ever-changing market landscape in 2024. Whether you're a seasoned investor or just starting, these approaches will sharpen your financial game. #InvestmentStrategies #SmartInvesting https://lnkd.in/gPNYkpJZ

Go through our most recent Fund Manager's Letter for this week's market commentary! Our comprehensive review of market dynamics, investment strategies, and economic indicators will keep you up to date. Click through to read the entire document and gain valuable insights to help you make more informed financial decisions. #MarketAnalysis #EconomicReview #InvestmentInsights.

Find out our latest Fund Manager's Letter for this week's market commentary! Our comprehensive review of market dynamics, investment strategies, and economic indicators will keep you informed. Click through to explore the full document and gain valuable insights to help you make well-informed financial decisions. #MarketAnalysis #EconomicReview #InvestmentInsights

Check out our latest Fund Manager's Letter for this week's market commentary! Stay informed with our comprehensive analysis of economic indicators, market dynamics, and investment strategies. Click through to explore the full document and gain valuable insights to help you make well-informed financial decisions. #MarketAnalysis #EconomicReview #InvestmentInsights

As market trends shift this season, July 2024 brought renewed optimism with a 2.7% rise in the JCI index, driven by strong performances in infrastructure and healthcare. The Rupiah's recent strength has further boosted companies reliant on imports, while growing consumer confidence and easing inflation signal a resilient economic outlook. These changes create a landscape rich with opportunity, making now the perfect time for investors to stay proactive and seize the moment. Presenting our latest monthly strategy update packed with valuable insights! Explore our detailed overview of the past month and future projections, curated by the Avrist Asset Management team. Key sections include: 📈 Macroeconomic Outlook 📈 Fixed Income Outlook 📈 Equity Market Outlook 📈 Sectoral Outlook #investing #mutualfunds #stockmarket #bondmarket #fixedincome #equity

This week's market commentary can be found in our most recent Fund Manager's Letter! With our thorough analysis of market trends, economic data, and investment strategies, you can stay on top of things. Click through to read the full document for insightful information that will help you make wise financial decisions. #Investment #MarketCommentary #EconomicInsights

Unlock the Winning Strategy with Avram Insight's Latest Analysis on Olympic Games Investments! 🏅 Explore how the world's biggest sporting event is not just about gold medals, but also about golden opportunities. Learn how the Olympic Games are shaping investment strategies and driving returns across global markets. Get ready to go for the gold in your portfolio! 💰🏟️ #Olympics #Investment

Check out our most recent Fund Manager's Letter for market commentary this week! You can keep on top of things with our in-depth analysis of market trends, economic data, and investment strategies. To obtain valuable insights that will assist you in making prudent financial decisions, click through to read the complete document. #Investment #MarketCommentary #EconomicInsights

Digesting The Global Market Sell-Off By: Narendro Anindyo, CFA August 5th, 2024 After a strong July, the JCI dropped 3.4% on August 5th, marking one of its worst days since May 9, 2022, when tech stocks crashed after the Fed raised rates by 50 bps to 1%. This sudden sell-off was surprising given the recent positive news, with expectations that the Fed might cut rates due to weaker US employment data and controlled inflation. The JCI and the LQ45 index were not overvalued, trading at -1 standard deviation P/E to their 5-year mean. So, what caused this? The exact trigger for market movements is often unclear, but two key points stand out. First, other markets also suffered significantly. The Nikkei fell by 12.5% and the Kospi by 8.8%. The issue began with the Japanese Yen, which had depreciated from 102 per USD in early 2021 to 160 by June 2024, a 57% drop. Japan's inflation finally rose above 2%, and wages approached 2%, leading the BOJ to raise its policy rate to 0.25% on July 31st. Although the Yen had already strengthened by 6% since early July, the rate hike's muted immediate reaction changed with the US labor market's sudden deterioration. The July payroll report showed only a 114,000 increase, far below the 175,000 consensus, with unemployment rising to 4.3%. This shifted expectations to a Fed easing cycle starting in September and a BOJ tightening cycle, causing the Yen to strengthen further, triggering the unwinding of carry trades and global equity sell-offs. Second, the US economy's narrative quickly shifted from "higher for longer" to "Fed has been too slow to cut." Sahm’s rule indicates a recession when the three-month average unemployment rate is at least half a percentage point higher than its 12-month low, raising recession fears over inflation. This led to stock sell-offs and bond buying in the US. For the JCI, being a smaller market, global shifts impact it heavily. Investors should avoid panic, stick to their asset allocation, and look for better entry points for equities when the JPY stabilizes and the Fed becomes more dovish. Key Charts to Watch: 1. USDJPY stabilization to halt the carry trade unwind. 2. US Weekly Jobless Claims and Fed’s acknowledgment of economic shifts. Sources: Bloomberg