Report
Alexander Ineichen

IR&M Price Momentum Monitor 30 April 2018

Equities by geography

Long-term price momentum for the Nikkei 225 (but not the Topix or the MSCI Japan) flipped back to positive. (pages 1-2)

Equities by sector

There were 7 changes to long-term price momentum, 5 positive (South Korean Consumer Discretionary, UK Real Estate, US and UK Energy, and French Consumer Staples) and 2 negative (South Korean Materials and World Health Care). (page 4)

Commodities

All composite indices remain positive in terms of long-term price momentum.  Changes over the past four weeks were negatively biased though. (page 5)

FX

There were only 3 changes to long-term price momentum. USD is getting stronger. (page 6)

Provider
IR&M
IR&M

Ineichen Research and Management ("IR&M") is a research firm focusing on investment themes related to absolute returns and risk management. IR&M was founded in 2009 and is an independent company, fully owned by Alexander Ineichen. IR&M is based near Zug, Switzerland, a healthy distance to the main epicentres of mainstream financial thinking. IR&M’s research is designed to improve its clients’ investment decision making. The basic premise is the idea that long-term success is dependent on survival and avoidance of large losses, i.e., the management of risk, not returns.

Analysts
Alexander Ineichen

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