Category: Publications
“Super-groundhog” is concerned In this latest edition of our weekly investment strategy update: A complementary source of concern; Currencies. Awakening of China; Fixed income. Tightening cycles have almost reached their zeniths; Equities. A hot week; and Oil. Why are prices falling. Click here to read our weekly financial markets update report. Disclaimer This document is […]
One point does not make a trend In this latest edition of our weekly investment strategy update: Off the peak; Broad based inflation slowdown; Reasons to be hopeful; Currencies. USD downturn gathers pace; Equities. Attacking the resistance; Oil. A new world; and Equities. Western defence, gap between the need for rearmament and production. Click here to […]
Split In this latest edition of our weekly investment strategy update: Towards slowing Fed Funds rate hikes; The Fed is doing the job; Growing recession concerns amongst the ECB members; The Chinese one step at a time policy continues; and Equities. The Big Tech/Technology segment has lost its leadership. Click here to read our weekly financial […]
Global vision LT macro regime. Shorter and risker cycles than in past decades. Imbalances, debt, resurging inflation, and geopolitics result in more cyclicality and variations in economic cycles US and China financial conditions (FC) on their way to neutral. Deceleration of global liquidity from late 21 continues. Concomitant rise of USD, correction of risky assets […]
Global vision Long-term macro regime. Towards shorter and risker cycles than in past decades Imbalances, debt, sticky / resilient inflation, and geopolitics argue for more cyclicality and variations in economic cycles Financial conditions will continue tightening. After plateauing in T4 2021, global liquidity has started to contract in 2022. Higher oil prices and sanctions on […]
Global vision Long-term macro regime. Prepare for shorter and brisker cycles vs last decades Imbalances, debt, sticky / resilient inflation, and geopolitics argue for more cyclicality and variations in economic cycles Financial conditions will continue tightening. After plateauing T421, global liquidity has started to contract in 22 because of central banks, higher oil prices and […]
Global vision Long-term macro regime. Growth below potential and more volatile inflation. Demographic and debt undermine potential growth. Coupled with digitalization, it fuels secular disinflationary pressures which collide with – cyclical – inflationary tensions LT macro regime. Inflation durable irritation deteriorates business cycle perspectives Higher and much more volatile inflation will challenge the […]
The return of inflation Retrospective Inflation significantly higher than expected US inflation rose in November at an unprecedented rate in nearly 40 years. The price increase reached 6.8%. Many factors contributed to this surge, whether transitory or more structural. At the same time, inflation in the euro area hit a record high in November at […]
The Semdex Index gained 1.08% over the last 5 days. NEW MAURITIUS HOTELS LTD was the best performer, with an increase of 6.25%, while the worst performer was OMNICANE LTD with a loss of 10.89%. The index is up 17.68% so far this year. The Euro Stoxx 50 Index gained 1.32% closing at 4,229.70. FLUTTER […]
The Semdex Index gained 0.14% over the last 5 days. BELLE MARE HOLDING LTD was the best performer, with an increase of 26.53%, while the worst performer was SUN LIMITED-CL A with a loss of 2.97%. The index is up 16.43% so far this year. The Euro Stoxx 50 Index gained 2.08% closing at […]