What Does a Bubble Popping Sound Like?

Rezco Asset Management hosted an investment webinar on 12 May 2022, with Chief Investment Officer Rob Spanjaard, Co-Portfolio Manager and Head of Research Simon Sylvester, and Head of Distribution Brian du Plessis presenting views on what does a bubble popping sound like?. As a South African asset manager, Rezco explains how macro conditions, valuation and risk control shape unit trust and segregated portfolio decisions.

What this webinar covers

This webinar replay covers What Does a Bubble Popping Sound Like? and how Rezco interprets current markets for clients seeking risk-adjusted returns. The session focuses on Rezco Global Equity Fund, Rezco Multi-Asset funds, Rezco SA Equity Fund and related portfolio themes. This is a, chart from, bank of America just analyzing corporate sentiment, the stock blue line as a leading indicator, and then earnings per share growth.

Key themes discussed

• South African macro and politics
• artificial intelligence in investing
• bear markets and recessions
• cryptocurrency
• emerging markets
• equity opportunities
• Jerome Powell
• Joe Biden

Macro and market context

Then you can see what happened after the dotcom bubble burst and there was a kind of recession in, in the us inflation came down well below the 2% goal and interest rates were cuts, but as soon as inflation started moving towards 2% had didn't even breached 2%. The, the difference is whether it's a ECP, the Bank of England, the Federal Reserve, or agree that they have in inflation problem and they've gotta jack up interest rates to get rid of the problem.

Companies, sectors and ideas mentioned

• Jerome Powell
• Joe Biden
• Larry Summers
• European Central Bank
• Federal Reserve
• Alan Bander
• Princeton Prof
• Paul Volker
• Paul Volt
• Paul Krugman

Rezco's risk and portfolio views

A lot of steam has come out, but we think that there's still risk to the downside. So our hedges are paying out the, the downside of global markets and our equities are falling by less. This is a, chart from, bank of America just analyzing corporate sentiment, the stock blue line as a leading indicator, and then earnings per share growth.