EP Monthly - Feb 2022

Entering February, EyePerformance’s Global Risk Indicator remained in positive territory, signaling investors to stay invested in risky assets in the short term to the extent their risk appetite allows.

The business cycle cluster recovered in mid-December from the lower levels in 2021 led by the industrial production data and the term spreads clusters, whereas credit risk indicators remained broadly in negative territory (low levels of remuneration in the High-Grade/High-Yield space). Corporate earnings remained in the positive area, although deteriorating (not in absolute terms, but rather losing strength in terms of revenue growth relative to the previous quarter1). The market cluster recovered at the end of 2021, coinciding with the positive momentum seen in December, where global equity markets performed more than 4% with low volatility levels, only to be dragged down below zero in mid-January led by the volatility, medium term average and long-term filter sub-clusters.

Relative downward signal switch at the end of January: US Equities, Japan Equities, EMMA Equities, Emerging Markets bonds and High Yield Bonds.....

EyePerformance GMV Feb 2022

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