Global Investing

Another fine excuse for selling stocks

April 28, 2010

There is no question that the losses on stock markets at the moment are primarily the result of the Greek crisis. A downgrade of a euro zone country’s sovereign debt to junk is enough to make all but insane mainstream investors take a large step away from risk.

Poor investor confidence – or is it?

February 24, 2010

The latest State Street investor confidence index bears some scrutiny. The overall index dropped in February which would seem to be in line with other sentiment indicators such as The Conference Board’s consumer confidence index and the German Ifo on business thinking.

Good news and bad in investor confidence data

November 24, 2009

Good news and bad in the latest  investor confidence sounding from State Street. The overall index took a dive again — third month in a row — and is now barely above neutral. That’s the bad news if you are keen to see risk assets do well.

from MacroScope:

Transparency: a double edged sword for SWFs

August 20, 2009

Sovereign wealth funds, facing criticism from Western regulators and politicians for their opaqueness, are keen to open up their books.

Rebasing investors’ confidence

May 26, 2009

Interesting change by State Street in its monthly sounding of its institutional investor clients. The firm has gone back over all its data and rebased it in order to get an indicator that not only marks up and down changes in investor confidence but also suggests what regime investors are in. Ken Froot, the Harvard professor who co-developed the index, describes the move thus:

Zeitgeist check

May 11, 2009

Some more bits and bobs to capture the current mood among investors:

– MSCI’s all-country world stock index has recaptured all of its 2009 losses and is now working on recouping last year’s. It is up 6 percent for this year.

from MacroScope:

Springing back to life

April 22, 2009

The steady stream of less-bad-than-expected economic data has evidently been working as a builder of optimism. Confidence in improved economies and financlal market conditions is growing.

A riot of a recession

November 7, 2008

Every month, the financial services company State Street studies the trillions of dollars in institutional investor money it looks after as custodian and tries to gauge where things stand. Over the years, it has come up with a map consisting of five different regimes, or moods, to reflect this. They range from the bullish “Liquidity Abounds” in which investors buy equities and focus on growth, to the uber-risk averse “Riot Point”.

Investing with Dante

October 10, 2008

You know things are bad on financial markets when an investment research note starts talking about Dante‘s visit to the nine circles of Hell with tormented lustful souls and gluttons living in filthy slush.