Till Christian Budelmann’s Post

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Chief Investment Officer at Bergos AG

Below you find the updated „Bespoke ETF Asset Class Performance Matrix“ showing the performance of key ETFs since the October low, YTD and this week (total return in USD). US stocks closed the week more than 30% above the lows carved out in October, with another week led by tech and related names in HC and comms. US growth indices and the Nazz outperformed while small & mid caps and value lagged. Utilities’ hot run moved into the rearview mirror as a surge in rates on Friday wiped out lots of the early week bond gains. Energy was also weak as crude oil prices plunged early in the week to reflect more OPEC+ supply following last week’s meeting. EM elections were a huge factor in global equity markets this week, with Mexico’s EWW logging its second-worst week since the global financial crisis. Bergos AG #investing #markets #stockmarket #bonds #commodities Source: Bespoke Investment Group (The Bespoke Report, June 7th, 2024, page 2)

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Till Christian Budelmann

Chief Investment Officer at Bergos AG

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Harald Berlinicke, CFA 🍵

Partner – Manager Selection | Multi-Asset Investor | CFA Institute Volunteer & Consultant | Follow me 🛺 for my daily posts on investing

1mo

Interesting to see Brazil 🇧🇷 and China 🇨🇳 being flat since October whilst other stock markets partied hard 🪩 🕺 💃!

This week’s move in natural gas (NG) was interesting. One theory connects it to the “heat dome” and the currently high temperatures in sections of the US adding to a spike in demand for NG. A separate chain of thought connects the heat dome to the effects of climate change. Lots of moving pieces.

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