17 April 2023

On the financial markets it is time for the first quarterly reports of 2023

In the past week, the first quarterly reports of 2023 for the US banking sector began to arrive. Rising rates are good for the profits of the big US giants. The continuation of the downward trend in US inflation, however, shows the resistance of the core component to fall. Markets now almost take for granted a final rate hike at the next FED meeting. The stock markets end a good week, even though the first fears about the possible approach of a recessionary phase are beginning to emerge from many quarters. Let’s take a look at some data from our weekly analysis.

In the past week, 62.5% of the instruments and indices used for our analyses recorded a positive change. 36% experienced a negative change. Analysing by macroclass, 71% of the equity instruments and indices recorded a positive weekly change. 10.5% of the bond instruments and 72% of the other asset classes used for our analysis.

Improving valuations in the past week accounted for 25.58% of the total. The previous week, valuations that had been adjusted upwards were 20% of the total.

Among the equity analyses, improving valuations accounted for 27% of the total.

Among the analyses for bonds, 18.75 per cent of the total were upgraded valuations.

Among analyses of other asset classes, improving valuations accounted for 35% of the total. This included both sentiment analyses and analyses of currencies and commodities.

Of the valuations, 27 per cent were above average in the short term. 37% were above the long-term average of valuations. Last week it was 33% and 43% respectively.