Bellevue Healthcare Trust Factsheet June 2022
Welcome to our June jocundity. If nothing else, these whipsawing markets offer an opportunity to dissect historical performance and decision-making, to see what has or has not worked and why. Sometimes (all too frequently at the moment), the market makes little sense. We have been reflecting though and this forms the basis of this month’s musings.
Macro remains king and fear of capital loss predominates over greed for opportunistic bottom fishing. As the quarterly reporting season gets underway, prepare for a slew of negative earnings revisions across the wider market. Typically, sell-side analysts are only marginally less behind the curve than central bankers and our own prime minister.
For those with a time horizon longer than a tik-tok video, the key question at this point should relate to where to find above inflation, visible and ‘quality’ (i.e. dependable) growth. Ladies and gentlemen, look no further…
Macro remains king and fear of capital loss predominates over greed for opportunistic bottom fishing. As the quarterly reporting season gets underway, prepare for a slew of negative earnings revisions across the wider market. Typically, sell-side analysts are only marginally less behind the curve than central bankers and our own prime minister.
For those with a time horizon longer than a tik-tok video, the key question at this point should relate to where to find above inflation, visible and ‘quality’ (i.e. dependable) growth. Ladies and gentlemen, look no further…
05.07.2022