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 [...]
19
Jun
GDP overestimated in Q1. Negative growth likely in Q2. Services sector slumps. Massive blow to employment in May. Consumer confidence at an all-time low. Rise in producer prices (+7.7%). Opportunities in real estate. Be cautious with stocks. Key points The ONS is likely overestimating growth in Q1 2026 Negative growth (-0.2%) expected for Q2 Alarming [...]
19
Jun
Following the correction in gold (-25%) and silver (-45%), we believe the consolidation over the past few months has helped clear out the excesses from January. The fundamental landscape is taking a positive turn, with several geopolitical, technical, and macroeconomic catalysts now [...] The fundamental and technical landscape has improved significantly Discover our Investment Flash [...]
08
Jun
Likely economic slowdown in Q2 and Q3. Consumer confidence subdued. Return of inflation. BoJ pivot anticipated. Rate market tensions. Easing pressure on the yen. Nikkei consolidation. Key points Strengthening economic momentum in Q1 An uncertain Q2 caught between energy shock and wage surge Mixed indicators at the heart of Q2 and Q3 tensions Household confidence [...]
05
Jun
The probability of an El Niño episode in 2026 is rising sharply according to leading international meteorological agencies. Historically, this phenomenon is associated with disruptions to rainfall patterns in Asia and Latin America, with potential consequences [...] Rising tensions on commodities Discover our Investment Flash down below: Read more To make sure you don't miss [...]
01
Jun
There is now a very high probability of an El Niño occurrence in 2026. Sugar, coffee, and rice are more vulnerable to climate disruptions. The agricultural commodities market is already weakened by the geopolitical situation. Who will be the indirect beneficiaries? Key points Understanding El Niño El Niño’s historical impact on agricultural commodities Rice, sugar, [...]
18
May
This week’s release of the U.S. price indexes for the month of April confirms fears of a trend reversal on the inflation front. These statistics, though expected to rise, nonetheless surprised forecasters, particularly due to [...] A game changer for monetary policies and markets Discover our Investment Flash down below: Read more To make sure [...]
07
May
It has now been nearly two months since the conflict between the United States, Israel, and Iran erupted, causing a major disruption in trade flows. This situation has led to a sharp rise in oil prices as well as tensions in [...] The AI value chain is becoming increasingly dependent on industrial factors Discover our [...]
27
Apr
Two months ago, we described the decline in the software sector as largely excessive and suggested that selective investments could already be considered. Today, developments over the past [...] From the fear of obsolescence to the reality of monetization Discover our Investment Flash down below: Read more To make sure you don't miss any of [...]
22
Apr
The Strait of Hormuz crisis has pushed short-term crude oil prices above $100/bbl, but our analysis suggests that even a full reopening of the strait in the coming weeks would not resolve the structural deficit that has widened. The aggressive shift by [...] No rapid, widespread recovery in supply following the crisis Discover our Investment [...]
