Renewed US-Iran tensions pushed Brent oil to $100 in July, which, combined with growing doubts about the sustainability of the AI investment boom, caused a moderate set-back in financial markets. Our Money Talks Money Walks model kept its asset allocation recommendations unchanged. However, within the asset categories there were some notable changes, especially within equity regions and equity sectors.
Falling oil prices and higher earnings estimates have supported the markets last month. Our Money Talks Money Walks model kept its asset allocation recommendations unchanged. However, within the asset categories there were some notable changes, especially within equity sectors and equity regions.
Stock market performance in May was very strong, maybe too strong. Our Money Talks Money Walks model keeps its allocation to stocks at overweight with strong conviction. However, there are some changes in the sector allocation, as well as within the bond allocation.
Although the world looks turbulent and risks remain elevated, April was a good month in terms of performance, especially for equities. Consequently, there are five upgrades of the model recommendations in our Money Talks Money Walks report, driven by changes in the trend indicator.
