Market & Investment Views
Market & Investment Views
Get insights and commentaries on current market developments and research as well as our permanent views on successful investment strategy.
Q1 2023 The rebound of growth and tech
In the aftermath of dismal year 2022 due to the well known reasons (FED, Ukraine, Covid/supply chains) and of the end of year tax selling we observed a strong reversion towards the
A simple summary on recent Equity Valuations
The USA, as well as the world, equity markets are at very important crossroads. They are heavily dependent on volatile inflation, interest rate and on earnings prospects. Geopoliti
Markets in view of Q4 2022 : Can investors endure more losses? Will they be rewarded?
Can investors endure more losses ? Will they be rewarded ? Can investors endure more losses ? Will they be rewarded ? Can investors endure more losses ? Will they
How can this Bear market end ? A summary
The FED missed the inflationary situation calling it for a long time a transient phenomenon. It was a structural one. The war in Ukraine exacerbated the supply shocks in agric
FED resolution to fight inflation: The short and medium term
A)The expectation of FED chairman Powell speech at Jackson Hole was that it would provide a determination to fight Inflation at the expense of employment and growth. B) The reactio
Perfect storm and patience
Perfect storm The FED made a major mistake underestimating inflation. Interest rates should have increased earlier. Now it is tightening aggressively. We experience the worst inf
Inflation and the Supply curve
Inflation and the Supply curve A few thoughts on the markets : Negatives : A) Waited to comment on the April inflation numbers. Higher at 8.3 pct for the CPI than the fo
Market Comment August 2021
The effects of the pandemic on the economy have continued to diminish, but risks to the economic outlook remain. Progress on vaccinations has limited the spread of COVID-19. Howeve
Interest rates and Earnings : March 2021 experience and Tactical Investment ideas
I) The reason growth stocks suffer more with abruptly rising interest rates. The valuation of every investment should correspond to the present value of future cash flows . If we
Year 2020 in Retrospect
2020 in retrospect ….It was a very difficult year ! Indeed, it was a very difficult year (to paraphrase the song) for mankind, personal lives, relations, &nbs
The Virus through our Investment Lenses
Our Specific Experience In early 2020 we had a unique traumatic experience not seen for over a century : the deadly pandemic of COVID 19. Society, life, the economy and financia
Early July 2020 thoughts
A) The stock market started the second half of 2020 strongly as the economies are reopening and medical news are fluctuating. B) The markets are clearly linked to the COVID-19 stat