Category: Investment flash

The construction materials and infrastructure sector is undergoing a period of adjustment marked by a sharp decline in stock prices (MSCI World Construction & Materials Index: -30%). Persistently high real interest rates and unfavorable weather conditions in the first half of the year temporarily weighed on delivery volumes and delayed the start of certain construction [...]

The aluminum market is experiencing an unprecedented tightening, driven by a convergence of independent shocks rather than by a single factor. After prices soared in the first half of the year, driven by the Gulf war premium and peaking at nearly $3,750–$3,854 per metric ton in early June, the sector experienced [...] A technical correction in [...]

European defense budgets are experiencing unprecedented growth (driven by NATO objectives and EU initiatives, such as the Readiness 2030 plan). Following a period of rapid growth in valuation multiples, the sector has entered a phase of execution and delivery of financial results. The outlook for [...] A decoupled sector offering high visibility over the next [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]