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

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

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

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

This beginning of the year 2019 took the opposite of investors, canceling with force and speed the sharp decline observed in December. Phenomena, mainly related to cash flow, have blurred… Read More