Jon F. Lieberkind, CAIA

Director Denmark at Max Matthiessen

[CAIA Association @CAIAAssociation]

With dedication and discipline, @JonLieberkind shares how he earned his CAIA designation + how it benefited his work and professional development: https://t.co/RVLnhaok7Y

[Jon F. Lieberkind, CAIA @JonLieberkind]

For HY, more companies in Europe need to refinance over the coming years compared with the US. Put differently, if interest rates stay higher for longer, it will have a more negative impact on the European economy, indicating a bigger need for the ECB to lower interest rates.

[Jon F. Lieberkind, CAIA @JonLieberkind]

Despite the US being in a solid cyclical position, the US budget deficit is the biggest among OECD countries. If growth slows and the unemployment rate rises, the US fiscal position will deteriorate even further.
#Apollo #Economy

[Jon F. Lieberkind, CAIA @JonLieberkind]

Would You Buy Stock in a Firm with a P/E Ratio of 50?
The average P/E ratio of the top 10 biggest companies in the S&P 500 is almost 50. Let’s hope we don’t have a recession anytime soon.
#Apollo #Markets

[Jon F. Lieberkind, CAIA @JonLieberkind]

Home Prices Declining in China:
The decline in house prices in China continues, with used home prices falling 9% and new home prices falling 6%. #Bloomberg #Apollo #Economy

[Jon F. Lieberkind, CAIA @JonLieberkind]

The long-term growth outlook for Europe has deteriorated steadily over the past 20 years. The long-term growth outlook for the US has also softened. But since 2016, it has been stable at just below 2%.
#Apollo #Economy

[Jon F. Lieberkind, CAIA @JonLieberkind]

Med en samlet investering på 343 mia. kr. har den danske pensionsbranche sat varige spor på klima- og energidagsordenen og tiltrukket sig opmærksomhed i storbyer som New York under Climate Week! 🎯
@Finansdk
https://t.co/W4vsTLP9XK

[Financial Times @FT]

Nasdaq hits record high as tech stocks rebound from summer sell-off https://t.co/f8LRDxtka5

[Jon F. Lieberkind, CAIA @JonLieberkind]

NVIDIA is now bigger than the total market cap of five of the G7 countries. And foreigners own 18% of the US stock market. The bottom line is that global equity markets, including retirement allocations to equities, are basically leveraged to NVIDIA.
#Apollo #Markets

[Jon F. Lieberkind, CAIA @JonLieberkind]

Not only have Fed hikes had a limited negative impact on consumers because of locked-in low mortgage rates. Fed hikes have also had a very small impact on corporates because of locked-in low interest rates and rising earnings.
#Apollo #Markets

[Jon F. Lieberkind, CAIA @JonLieberkind]

More generally, companies and capital structures with no earnings, no revenues, and no cash flows will continue to struggle with high debt servicing costs. The bottom line for both equity and debt investors is to invest in companies that have earnings.
#Apollo #Markets
2/n

[Jon F. Lieberkind, CAIA @JonLieberkind]

More than 50% of debt for Russell 2000 companies is floating rate. For the S&P 500, it is 24%. With interest rates higher for longer, small-cap companies remain more vulnerable than large-cap companies.
1/n

[Jon F. Lieberkind, CAIA @JonLieberkind]

@ViktorAxelsen God bedring, mate! 🙏🏽

[Børsen @borsendk]

"Vi må insistere på, at de investeringer, der foretages på vores vegne, ikke blot er profitable, men også bæredygtige," skriver @JonLieberkind #dkøko https://t.co/z0vObXU0t3

[Jon F. Lieberkind, CAIA @JonLieberkind]

Som samfund er vi forpligtede til at støtte den grønne bevægelse. Det kræver politisk vilje, offentlig opbakning og en forståelse for, at vores pensionsopsparinger kan være en vigtig del af løsningen! 🍀
Tak til ⁦⁦@borsendk⁩ for publicering! 🎯 https://t.co/G6CKIs8b3W

[Jon F. Lieberkind, CAIA @JonLieberkind]

Data centers use 26% of Virginia’s total power consumption, and there is a significant need for long-term investments in energy to power the ongoing AI revolution. #Apollo #Economy

[Jon F. Lieberkind, CAIA @JonLieberkind]

The share of the population using the internet in India has increased over the past decade from 14% to 52%.
#Apollo #Economy

[Jon F. Lieberkind, CAIA @JonLieberkind]

In 2009, the market cap of the US stock market was 30% of the global stock market cap. Today it is almost 50%. #Apollo #AssetManagement

[Jon F. Lieberkind, CAIA @JonLieberkind]

Forty-two percent of companies in the Russell 2000 have negative earnings. For the mid-cap index, the number is 14%, and for the S&P 500, it is 6%.
#Apollo #AssetManagement

[Jon F. Lieberkind, CAIA @JonLieberkind]

The price of US car insurance has increased 50% since the pandemic began. #Apollo #Economy