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Reviews. Commentaries. Opinions.

Articles in Category: Quarterly, half year and year-end review

Is this time different?

Is this time different?

Q1 2021 Market Review

Our office is buzzing with activity again and it feels like pre-Covid. Restaurants are open, sports events and concerts with crowds are happening, and we are even sitting in traffic jams again… life in Israel is indeed returning to normal.

We are not out of the woods just yet, however with a virus reproduction rate of 0.49 in Israel it seems that the end is in sight. Unfortunately, we cannot say the same for the rest of the world. Globally, the reproduction rate is 1.08, which means the virus is still growing 6 months after the announcement of the first vaccine and with over 670 million doses administered. Even in the USA, where the vaccine roll out has been reasonably good for such a large population, the reproduction rate is above 1. This mean that virus issues will continue to plague the world for at least 6 months to a year or more.

Throughout the Corona period, we have hosted numerous webinars via Zoom and have found this to be a major positive consequence. We recently held a webinar focused on Q1 2021 and current investment issues and you may follow the link to view it. For those who prefer to read, we will summarize the main points of that webinar here for you.

2020 to 2021 Market Insights

2020 to 2021 Market Insights

Goodbye 2020 – Welcome 2021

In Israel, we feel the mix of fear of growing virus numbers as well as the optimism from the roll out of the vaccine. We hope the vaccine will reach each of you as soon as possible and hope that in time those skeptical towards the side effects will be proved wrong. It's seems that most of our webinar attendees believe COVID will still be with us in 2021 and that most of them will get vaccinated. Let's get Corona behind us!

chart1Throughout Corona period, we have hosted numerous webinars via Zoom and have found this to be a major positive consequence of the virus. We recently held a webinar focused on 2021 key investment themes and you may follow the link to view it. For those who prefer to read, we will summarize the main points of that webinar here for you. During our webinar we asked the attendees to predict what will happen in the main issues discussed. Below you will find some more of the results.

Q3 2020 Market Commentary

Q3 2020 Market Commentary

USA elections, 2021 Outlook, ESG Portfolios and much more

It has been surreal for all of us to experience this year’s holidays with limited family gatherings and shul services. We hope that you managed to make the most of the challenging situation. Israel's virus position is indeed precarious and it is clear this is not a short-term problem as we initially hoped. We remain vigilant in terms of our portfolio positioning and risk management. We do believe that there are tough economic times ahead; however, we do not believe we will see another market panic scenario as we saw in March 2020. In the following commentary we will address the global market YTD and outlook, upcoming elections, ESG investment and other interesting updates and developments.

2020 Half Year Review

2020 Half Year Review

COVID19, USA Elections, Economic Scenarios, and Investment Opportunities

To merely say "these are challenging and complex times" seems an excessively simple comment for the size and multifaceted nature of the challenges ahead of us all. In this half-year review, I will try to summarize our views to help you navigate the way forward. As I write to you, the Corona virus has directly affected too many friends. Once you know someone who testifies how powerful and aggressive this virus can be, it makes you stop and reflect regardless of how many times you have read about it or heard of asymptomatic cases. One close family member or friend in hospital is infinitely more powerful than millions of nameless statistics from around the world. So, to all the readers who have had that direct impact, we share your anxiety and fear and send you all the strength we can.