Market Notebook


Equities inched higher while the bond complex consolidated on the week. Market prices appear disconnected from underlying economic data at the moment. Market participants appear to be pricing in a swift recovery in economic activity post “COVID lockdown”. It is unclear whether the recovery can be sufficiently swift to justify current equity prices. An excellent discussion on the matter can be found via the following link

Expect continued volatility during the week ahead. Forward visibility is still low.

Experimental “improved” Piotroski f-scores have been added to the Value Factor Candidate Section of the notebook.

Happy Mother’s Day!


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