After a stellar run higher, the Global Market Index’s risk-adjusted performance reversed in January, based on the trailing 3-year Sharpe ratio, a measure of return adjusted by volatility. The downturn was dramatic, but no less expected after the hefty increase in previous months. As noted in last month’s risk profile, “History suggests that upward spikes in GMI’s Sharpe ratio are quickly reversed, which implies that choppy market activity lies ahead.”
Daily Archives: February 3, 2022
Macro Briefing: 3 February 2022
* NATO: Russia stepped up deployments to Ukraine’s northern neighbour Belarus
* Russia condemns US decision to send extra troops to Europe
* Russia’s economy is prepared for more sanctions
* US special forces launch large-scale counterterrorism raid in northwestern Syria
* Eurozone economic growth continued to slow in January via PMI survey data
* High Eurozone inflation will persist, says CEO of Nordea, Denmark-based bank
* Oil giant Shell reports sharp increase in full-year profit
* Tech stocks may face new selling pressure after Facebook profit disappoints
* US companies unexpected reduced employment in January, ADP estimates:
