Topley’s Top Ten – October 10, 2017

1.The Cycle to Watch Growth vs. Value….Growth is Hitting Record Spreads Versus Value.

As the domestic equity market has appreciated this year, performance has been led by companies in the traditional growth style sectors, such as information technology. The value style has lagged, which results in interesting price dispersions that can create opportunities for investors.

http://www.etf.com/sections/etf-strategist-corner/value-about-outperform-growth/page/0/1

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Topley’s Top Ten – October 6, 2017

1.Foreign Investors Sell U.S. Bonds and Buy U.S. Stocks.

This chart book looks at who is buying and selling US assets and a striking recent trend is the decline in foreign appetite for US fixed income and increase in foreign appetite for US equities, see chart below and chart book here: http://pull.db-gmresearch.com/cgi-bin/pull/DocPull/11626-F2BF/269784806/f77e8642-a92e-11e7-a585-056cc5e4a602_604.pdf

Torsten Sløk, Ph.D.
Chief International Economist
Managing Director
Deutsche Bank Securities
60 Wall Street
New York, New York 10005
Tel: 212 250 2155

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