Brave New World…?

Between the summer panic and the apparent autumnal serenity, it looks like investors have entered a virtuous trading circle : equity indexes are at new highs, bond market excesses tend… Read More

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Beyond the usual political battles and the expected decisions of the central banks, we have the feeling that a slight wind of rebellion may blow over this autumn season, tinged… Read More

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A lot of fuss (sorry, of tweets…) about nothing – if we look at the performance of the equity markets during the month of August. Whether in Asia, Europe or… Read More

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Confusion, uncertainty and hope have dominated the past month : starting with July’s job report, US stocks have dropped on better than expected data (“good news is bad news”) before… Read More

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Beginning of June, central bankers from US and Europe sent clear messages of monetary easing, if necessary, which gave a big boost to all asset classes. Both stocks and bonds… Read More

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May was marked by another offensive of the Trump administration against its trading partners, notably China and Mexico. Actually it seems that the trade war between Beijing and Washington is… Read More

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April saw a further rise in equities, fueled by abundant global liquidity, the absence of a short-term recessionary outlook and the publication of US corporate results, which were more or… Read More

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March was a period of stabilization for equities, thanks to central banks confirming their accommodative policy, in the light of deteriorating macroeconomic statistics ; those bearish figures have provoked a… Read More

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In the wake of the stock market rebound, we have reduced our equity exposure, first in the United States and then in Europe ; our asset management model is not… Read More

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