Macro: Technical Analysis 2008 Best Analysts
Institutional Investor Research is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Macro: Technical Analysis 2008 Best Analysts

On top for a fourth consecutive year, Jeffrey ­deGraaf of ISI Group. SECOND TEAM, Mary Ann Bartels Merrill Lynch THIRD TEAM, John Mendelson Stanford


Jeffrey deGraaf

Jeffrey deGraaf ISI


Mary Ann Bartels Merrill Lynch


John Mendelson Stanford


John Roque Natixis Bleichroeder ; Carter Braxton Worth Oppenheimer

On top for a fourth consecutive year, Jeffrey ­deGraaf of ISI Group “is a keen observer of markets and an independent thinker,” declares one fund man­ager. Bearish on the U.S. economy since December, the 40-year-old analyst nonetheless called a short-term rally in March, based on a contraction in credit-­default-­swap ratios and “a lopsided trading index reading that suggests disproportionate volume flows ­into advancing stocks.” The Standard & Poor’s 500 index, then at 1,308.77, would rise to 1,400 before starting to slide, he said. The index peaked at 1,426.63 in mid-May, at which point deGraaf recommended shorting financials and industrials stocks. Those sectors had under­performed the broad market by 5.1 and 3.0 percentage points as of mid-­September, and the S&P 500 had slumped to 1,251.70. Mary Ann Bartels of Merrill Lynch, who vaults from ­­runner-up to second place, “has the ability to screen out near-term noise and focus on the bigger picture,” one port­folio man­ager notes. Telling investors in January that “commodities are in a secular bull market, and corrections should be ­viewed in that light,” Bartels recommended over­weighting energy stocks. The sector outperformed the broad market by 15.8 percentage points through mid-­July, when falling oil prices dragged it down 12.3 percent off its 2008 high, but Bartels reiterated her view of the sector as a “long-term market leader.” By mid-­September it was still ahead of the broad market by 0.8 percentage points. Although he slips one notch to third place, John Mendelson of Stanford Group Co. continues to impress investors with his ability “to capture significant moves in the market as a whole, a sector or a stock,” according to one client. Mendelson recommended selling Washington-­based Fannie Mae in August 2007, at $66.87, citing concerns about the giant mortgage lender’s subprime exposure. Fannie Mae’s share price began to slip the ­very next day, and it had plummeted to $7.04 by ­early September 2008, when the federal government seized ­control.

Return to The Best Analysts of the Year

Return to Rankings

Gift this article