27
Aug
After an exceptional run fueled by speculation about energy demand from the digital sector, the industry experienced several waves of short-term pullbacks in 2026. Uncertainties surrounding monetary policy and the maintenance of high interest rates weighed on [...] An opportunity driven by AI and electrification Discover our Investment Flash down below: Read more To make [...]
21
Aug
Long-term Treasury bond yields are at their highest levels since the 2007 crisis: the 10-year yield is hovering around 4.75%, while the 30-year yield has surpassed 5.30%. The fundamental cause of this rise lies in investors’ growing concern about the U.S. fiscal trajectory. With public debt nearing [...] A recession and an asset reallocation will [...]
11
Aug
The deterioration in the U.S. labor market has come to light with the plunge to –23k nonfarm payrolls in July and the downward revision of –103k for the previous month (from 57k to just 20k in June), which should reinforce the anticipated stagflation scenario. The sharp contraction [...] Interest rate differential and repatriation of japanese [...]
03
Aug
Since its June peak, the sector has experienced a sharp and rapid correction. The semiconductor index has fallen by 29% in the U.S. In Asia as well, Samsung (-50%) and TSMC (-22%) have [...] Strong potential for a rebound following a sharp sell-off Discover our Investment Flash down below: Read more To make sure you [...]
21
Jul
Strong exports and industry. Weak domestic economy. Emergency measures implemented. Support from public spending. Inflation under control. Accommodative monetary policy. Strong yuan. Bullish outlook for stocks. Key points Mismatch between the domestic economy and exports Emergency support measures implemented in Q2 Second half of the year supported by public spending With no inflation, monetary policy [...]
13
Jul
Significant upside potential for the MSCI China Index. The first phase of the rebound in Chinese indices was technical in nature, driven by the expansion of valuation multiples following historic lows. We are now entering a market driven by [...] One of the best risk/return profiles available today Discover our Investment Flash down below: Read [...]
06
Jul
Economic downturn in Q2. Stagflation remains the base case. Growing concerns about the services sector. Consumers are worried. Negative surprises on the jobs front. Fed on hold. Strong demand for the dollar. Attractive bond yields. Key points Economic resilience will fade in Q2 The stagflation anticipated for Q2 is materializing The trend in services PMIs [...]
01
Jul
While the price of a barrel of WTI has just hit a short-term low of around $69 following the memorandum of understanding in the Middle East, we believe this low represents a buying opportunity and that prices will rebound by the start of the new school year. Our average forecast of $85–$90 for the full [...]
30
Jun
GDP contraction? Recession likely in Q2. Leading indicators are down. Households remain concerned. Price indices are rising. The ECB is taking a tougher stance. Mixed outlook for the euro. Stocks likely to consolidate over the summer. Key points Eurozone GDP contracted by –0.2% in Q1 Growing risks of a technical recession as early as Q2 [...]
25
Jun
The Swiss economy holds up in Q1. Weak outlook for Q2 and Q3. Sluggish consumption. Inflation contained for now. SNB on hold. A "game changer" for the franc. Rising volatility in listed real estate. Key points GDP growth (+0.4%) despite sluggish consumption Weaker but still positive outlook for Q2 (+0.2%) A slowdown set to extend [...]
