Reviews. Commentaries. Opinions.

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

October 2022- Market Commentary

October 2022- Market Commentary

I am writing to you quite humbled by the market events of 2022. Liquid portfolios (i.e. portfolios without Alternatives) for Q3 and YTD will be stark reminders to investors of the crazy days of 2008. We should take comfort that even from that period when the global financial system was at genuine risk of imploding, portfolios did recover and continued to make money.

July 2022- Market Commentary

July 2022- Market Commentary

Markets have been simply awful. The numbers presented below in the index table are exceptional, and we have not seen numbers like these since the Global Financial Crisis of 2008. I have included a few media headlines below to reemphasize this point. In addition, we are seeing that both high-quality bonds and stocks are showing significant negatives. 

This is a breakdown of a fundamental assumption of asset allocation. Typically, when stocks go down significantly, bonds go up. This year, so far, we have negatives in both. This is just one of the many challenges we  face managing money in 2022. Ukraine war, exceptional inflation, and Fed Policy make it extremely complicated to position a portfolio correctly.

May 2022- Market Commentary

May 2022- Market Commentary

By now, you have seen your Q1 reports;  you may have also seen that April added more pain. When both stock and bond indexes are negative, it is extremely difficult to make money. If there is one clear message I have, it is to be patient. The world certainly seems to be in a messy state and we need to be prepared for volatility for the forseable future. Hopefully some of that volatility will be up and not just down, as investors see good assets being oversold and will start buying again. I have compared our performance to relevant funds of our main big-name competitors (e.g., Blackrock, Deutsche Bank, Goldman Sachs and others), and you should draw some comfort from the fact that our model performance is good, in some cases excellent, on a peer-review basis.

2021 Wrap Up and 2022 Outlook

2021 Wrap Up and 2022 Outlook

It boggles my mind that we have started the third year of living with Covid. Many of us expected it would be more like SARS or MERS and it would have disappeared after a few months. But as we have recently realized, the latest variant surge is another humbling reminder of how unpredictable this thing is. It's ironic that the only constant about Corona so far is that most of the expert predictions about the path of the virus have been wrong. If in March 2020 we knew that we would still be dealing with the virus over 2 years later, with variants, continued lockdowns, travel restrictions, and nearly 5.5m officially deceased, I believe it is safe to say the panic and market consequences would have been even greater.

Throughout the Corona period, we have taken the opportunity to host numerous webinars via Zoom and have found this to be a major positive development for clients.  Our upcoming webinars, in English and Hebrew, will take place on the evening of 11th and 12th of January, to summarize the year 2021 and discuss 2022 Key issues and Outlook. Links to register have been sent to you separately.

China woes

China woes

Q2 2021 Market Review

It seems my optimism from Q1 2021 Covid number progress in Israel, like many, was too short lived. We hope this finds you well and safe from the latest increase in numbers.

The second quarter of 2021 was less dramatic from a market point of view than the first, however July has been challenging due to China issues, where we do have some exposure (more on that below). Our outlook for the remainder of the year is more cautious than the first part of the year, where the post-Covid growth theme dominated the landscape.

Throughout the Corona period, we have hosted numerous webinars via Zoom and have found this to be a major positive development. We recently held a webinar focused on Q2 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.

CONTACT US

For more information, please free to contact us or leave your details at the form below.

Please fill in your name
Please supply a phone number
Please fill in a valid email address
Invalid Input

Telephone: +972-9-961-1300
Email: info@piowealth.com

Amzur House – 4th floor, 8 Hasadnaot St.,
Herzliya Pituach, Israel

© Copyright 2021  Pioneeer Wealth Management | All Rights Reserved.