Blog

1st January 1970

Monday Espresso

Following a higher-than-expected US CPI announcement on May 12th of 4.2% YoY markets have slipped over worries as to how transitory the jump in inflation will be stoking fears that a change in monetary policy may be on the horizon if price increases continue.

Fuel futures surged in the US following a ransomware attack on the nation’s largest fuel line impacting on critical supply for the New York region.

Following the release of a review by the Independent Panel for Pandemic Preparedness and Response of the world’s response to the coronavirus pandemic it concluded that the global crisis could have been prevented if proper measures had been taken.

US retail sales unexpectedly stalled in April as stimulus cheque boosts faded. An acceleration is expected in the coming months amid record savings and easing of restrictions.

UK CPI will be announced on Wednesday May 19, expected at 1.1% YoY

Eurozone CPI will be announced on Wednesday May 19, expected at 0.9% YoY

-1.0     A score of -1.0 indicates an extremely poor economic outlook, which is accompanied by a high probability of negative returns in risky asset classes like equities. The Risk Barometer tilts our portfolios away from equities during such periods.

0.0       A score of 0 indicates a neutral economic outlook with almost equal probability of positive and negative returns in risky asset classes like equities. The Risk Barometer maintains a balance between equities and other asset classes during such periods.

+1.0   A score of +1.0 indicates an extremely positive economic outlook, which is accompanied by a high probability of positive returns in risky asset classes like equities. The Risk Barometer tilts our portfolios towards equities during such periods.

*as at latest realignment 30/04/21

Notice:

The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future.

Risk Barometer

0

as at latest realignment

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    Copia Capital Management

    Fleet House, 8-12 New Bridge Street, EC4V 6AL

    Copia Capital Management is a trading name of Novia Financial Plc. Novia Financial Plc is a limited company registered in England & Wales. Register Number: 06467886. Registered office: Cambridge House, Henry St, Bath, Somerset BA1 1JS. Novia Financial Plc is authorised and regulated by the Financial Conduct Authority. Register Number: 481600.

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