“Liberation Day” sent US President Donald Trump the stock markets worldwide, including Tel Aviv Stock Exchange. The CEO of Kesem, the largest investment fund manager in Israel (110 billion NIS under management), said that, even yesterday afternoon, there is no such “no great panic among customers.” “When you look at the stock indicators in Israel, for the year until now and also over the past twelve months, you see that they have done better than other indicators around the world. I think Israel will also continue to lead the fluctuations resulting from falling all over the world in the past few days.”
Despite the internal polarization in Israel and attempts to remove the public prosecutor and the head of the bet?
“Yes. In the end, investors believe in companies and their departments. It is clear that what happens everywhere does not help and does not help us well, but it is also clear that if all this calms down, things will be better. Israel despite the general situation.”
In contrast, Haddad believes that the situation in the United States is somewhat different. “A year ago, I said that the United States was in a situation where the indicators were pricing only in the opportunity and not risk. That was the opposite of the image in Israel at that time. Here, the indicators were only pricing in risk, and there is no chance.
“In the past few months, we have seen significantly increasing fluctuations. Fear indicator proves the best (the VIX index has doubled more than twice in three sessions, Q. Time perspective can create chances.”
However, Haddadi stresses that this is not a matter of opportunities for investors in the short term. “No one has any idea of what will happen tomorrow. The event may continue in weeks or more. But if you look at investments the way you should look, in the long run, the United States is interesting to invest for months of months or more. It takes the ability to endure.”
When asked about the period in which the market will continue, Hadd responds, on the basis of similar events in the past, that he estimates that it will be a few weeks.
What can the event end?
“It is difficult to know how these events will end. Dynamics are difficult – the origins have been” slaughtered “in the past few weeks, and even before the American market was not especially impressive. We know from the past that it can last for several weeks; in the 2008 crisis it was longer, but the fall in the market is more moderate.”
Related articles
“Trump was just an excuse to drop the market.”
The American market slice shakes Shekel
What mainly concerns investors?
“The market is essentially frightening is uncertainty, when it is impossible to know when the next thing will happen. For example, investors did not expect China to respond very quickly to Trump's tariff. The president who sits at the White House is known as one of the most predictable people sitting?
A meter gives an example of the wrong dynamics of investors. “A little more than a year ago, a friend of mine tried to explain to me with signs and wonder about the reason for the main stock of inventory in Wall Street in a double of 100 non -repetitive opportunities. This week, he explained to me the same friend to me, in a double of 30, he should be sold in the purchase. The history of crises, and with great patience, it is possible to appear stronger, but it takes some time.”
Do you see Trump changing his opinion about imposing definitions?
“It can happen, it is definitely logical. He sees the markets. Maybe he will say,” Let's talk, let's negotiate, let's check things for a while. “The important point is that the market is pricing in all bad things, assuming that a global trade war will be erupted from here.
“Investing in the United States is great, but in Israel as well
In response to a question about whether he believes that we have come down, Haddad replied, “There is no bottom from which you receive a message” OK, buy. “As for the risk component, my sense is that we are in the region where it is possible to start attention to long -term investment, on the basis of prices in the market.”
Is it the time to invest in indicators, or to pick up shares?
“I will not get a smart with the choice of stocks, especially in the United States. What are the chances of knowing any stock it will do well? In Israel, there is definitely a room for that, supported by research, but in the United States, it is better to go in the leading indicators, with no long -term thing. It affects everything else.
In recent years, the ETFS that followed the S&P 500 was preferred to the Israelis, and large quantities of savings were directed to them. Looking at the decrease in the index, is it necessary to transfer money to another place?
“This depends on the general makeup of the wallet. For a person who invests in the stock market for decades, it is a good path. All research shows that he is doing the task. But I am very disappointed because these investors have not seen at least part of the money in Israel. This was a mistake. Investing in the United States was excellent, but this is the great rule that did not get a big point.
Where are you not investing today?
“I will not go to search for adventures or speculation. I will not try to be smart. I think simply, stick to the standard. In Israel, I will actually search opportunities on the basis of research, because the research here has value.”
Can we see a wave of extracts in investment funds?
“Perhaps. In March 2020, at the beginning of the epidemic, we saw a recovery of money, and after two months a wave of purchase began. Investors must think of thinking hard about the goal of their investments, what is meant for it, and there is still investment. In any case, Hadad recommends that the defensive products be included in the portfolio.
What about the money market money?
“It is the issue of investor morale. This money will take money, and when the market begins to recover, we will see the money comes out. It is the road station.”
It was published by Globes, Israel Business News – En.globes.co.il – on April 8, 2025.
© Copy Publish Publisher Itonut (1983) Ltd. , 2025.
Comments are closed, but trackbacks and pingbacks are open.