Signs Point To A Turbulent 2016
When we
last checked in with the
martin
wolf
IT Index three months ago, we highlighted the market's weak beginning and signaled that many hurdles remained before investors saw evidence of a global recovery. The bleak January performance threatened to erase the economic progress made by the end of 2015, and there were questions about the state of global growth and the ability and willingness for central banks to arrest worrying trends.
In February there came an inflection point in the markets, and since then economic indicators have been mixed. Domestically, there have been positive signs such as sustained wage growth and continued low inflation. But a holistic measure of the economy remains concerning. First quarter GDP grew an anemic 0.5 percent, and S&P 500 companies are expected to report their fourth period of quarterly earnings declines.
Today, we explore how these economic conditions affect each of the core segments tracked in the
martinwolf
IT Index: IT Services & BPO, IT Supply Chain, Software and SaaS.
We also look at the Chinese and Indian IT Services markets. O
ur basket of
Chinese
technology stocks has almost entirely erased its stratospheric gains since the beginning of 2015, while the more mature Indian market is experiencing less volatility as its technology industry remains a bright sector.
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| About martinwolf
With offices in the San Francisco Bay Area, martinwolf is a leading M&A Advisory focused on middle market companies in the IT Services, IT Supply Chain, IT-Enabled Business Process Outsourcing and Software as a Service (SaaS) space. Since 1997, our team has completed more than 140 transactions in nineteen countries and sold seven divisions of Fortune 500 companies. martinwolf is a member of FINRA and SIPC. For more information, visit www.martinwolf.com. To learn more about martinwolf, contact Matthew Putzulu at [email protected]. © martinwolf 2016 |
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"To know values is to know the meaning of the market."
Charles Dow
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