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 [...]
20
Apr
After a 2025 in which gold (+64.5%) and silver (+147.9%) redefined the performance benchmarks for safe-haven assets, Q1 2026 marked the beginning of a much more complex transition phase. While the sector [...] The parabolic rally gives way, but the bull trend continues Discover our Investment Flash down below: Read more To make sure you [...]
17
Apr
The oil shock is reigniting the stagflation scenario, which is becoming increasingly likely. Against a backdrop of economic slowdown and persistent inflation, the consumer staples sector is not only a safe haven but [...] A defensive strategy is essential in the face of rising stagflation risks Discover our Investment Flash down below: Read more To [...]
02
Apr
The oil shock threatens economic growth. Stagflation is the most likely scenario. Decline in consumption and investment. Rise in key interest rates. Negative outlook for bonds and stocks. The dollar is in demand. Key points Sharp slowdown in Q4 weighed down by the shutdown The oil shock already points to stagflation in Q1 Oil shock [...]
30
Mar
GDP growth at zero in the first half? Stagflation risks are back in full force. Household confidence is plummeting. New inflationary threats. Risk of three rate hikes in 2026. A weak euro. The rate shock is weighing on all financial assets. Key points Q4 trend strongly called into question in Q1 Will the GDP forecast [...]
27
Mar
Following the decline in gold prices (-25%) and gold mining stocks (-30%) in March, we believe new opportunities are emerging. Despite rising input costs, the sector’s [...] Exceptional margins and historically low valuations Discover our Investment Flash down below: Read more To make sure you don't miss any of our publications and have access to [...]
20
Mar
The blockade of the Strait of Hormuz is disrupting the fertilizer market. 30% of global demand is blocked. The impact is greater than that on the energy sector. This is having a direct effect on fertilizer prices and agricultural commodity prices. Inflation is set to rise sharply in the second half of the year. Key [...]
19
Mar
GDP is under serious threat from the oil shock. A recession is possible in the first half of the year. Inflation is set to rise above 4%. Yields are surging. Financing costs are rising. Risks are mounting for the UK real estate and equity markets. Key points The UK confirms near-stagnation in Q4 A difficult [...]
18
Mar
The blockade of the Strait of Hormuz is causing a systemic shock to the fertilizer market, one far more critical than the oil crisis alone. This logistical bottleneck is blocking the export of 33% of the world’s urea and ammonia, creating [...] Rising fertilizer costs, falling yield and price pressure Discover our Investment Flash down [...]
