MILN News and Press, Global X Millennials Thematic ETF From 10/08/22

Summary Skewness in asset returns is a perplexing phenomenon and evokes different behavior from investors. Our theory is that skewness tends to move based on investor preferences. Investors in growth stocks may be pursuing lottery-like payouts, especially when such stocks are ...

Summary The sharp declines have dramatically changed the valuation landscape. Paying too high a premium for safety could backfire if market trends shift again. We believe growth stocks’ valuations are far more attractive today than they were a year ago. Active inves...

Summary As the Fed walks the line between curbing inflation and averting recession, anxious investors are seeking to balance the two risks. The question now is how fast can inflation fall and where does it come to rest? We don’t see a quick retrenchment or a return to the o...

Summary With inflation at the highest level in decades and volatility continuing to surge, equity investors are questioning their next moves. At the beginning of the year, financial conditions were very loose by any means historically, and we've very rapidly moved from loose finan...

Summary After a brutal six months, during which the Russell 1000 Growth Index fell more than 32%, growth stocks finally found a floor in June before rebounding. September is not over and is rarely kind to investors. A slower economy is, at least on a relative basis, supportive...

Summary The main economic data release for the trading week is the US inflation report. The UK economy is in a precarious position and facing a recession. Chinese President Xi is expected to meet with Russian President Putin at the Shanghai Cooperation Organisation summit in U...

LC Q2 earnings were superb on all metrics. Profitability is somewhat masked by CECL (a conservative accounting provisioning methodology). The playbook for a recession is becoming clear. LC is pressing hard on retaining quality assets on the balance sheet. I remain very bul...

Coffee consumption in China is expected to soar significantly in the coming years. Schultz can help the company come out of its current troubles, as he did in the past. Coffee consumption in the U.S. has soared to two-decade high. Investment Thesis Starbucks is a lea...

Starbucks has raised its menu prices three times since October, proving the company has pricing power to combat inflation. A potential upcoming recession could be troubling for Starbucks, but could also eliminate smaller coffee shops that are competing. Starbucks' stance against u...

Capri Holdings Limited is a global fashion group and owner of Michael Kors, Versace, and Jimmy Choo. Capri stock is down >35% YTD, which is significantly more than the S&P 500’s -20%. At a 2023 forward P/E of x6, investors might like to consider Capri stock as a barg...