Most recent articles by Olivier d'Assier
Amid Covid-19, some sectors are misbehaving — with a big impact on turnover for sentiment-aware investors
The Covid-19 pandemic has affected some sectors more than others. This impact was immediately reflected in changing exposures to three of the style factors in our fundamental multi-factor risk models.
A Sentimental Chronology: The Ascents—and Descents—of the Wall of Worry in 2020
The notion that markets “climb a wall of worry” is a commonly held view in the investment world. Eventually, the concerns of those investors fade and they become risk-tolerant themselves.
A Coronavirus Chronicle: After Peaking and Plummeting, Investor Sentiment Creeps Back to Neutral…for the Moment
Did investors overreact in March? Are they overreacting now? What was investor sentiment in the quarter leading up to the event, and were there any early warning signs?
As COVID Cases Soar, So Do Investor Fears — and the Parallels Are Striking
There is no denying the psychological impact that the word “pandemic” can have on investors globally, especially when it is followed by headlines containing the words “global recession".
Equity Markets Fell, Are Angels Next?
The well-publicized fall in equity markets may have overshadowed a potentially much more impactful risk from the corporate bond market – that of fallen angels.