03
May
The fall in international listed real estate stocks observed in February and March does not seem to us to reflect the negative situation for most of them. Indeed, often falling back to the price levels of the beginning of Q4 2022 and sometimes already significantly below them (...) The recent correction is an opportunity to [...]
26
Apr
A major shift is taking place in global commodity trading and beyond this sector in the global trade of goods and services. De-dollarization now seems to be accelerating with the development of a China-backed trend (...) Declining global demand and falling dollar Discover our Investment Flash down below: Read more To make sure you don't [...]
25
Apr
The first signs of the end of petrodollars and the beginning of de-dollarization. China unites the discontented and proposes an alternative to the dollar. Petrodollars, petroyuans and the new BRICS currency. 4 major consequences of de-dollarization. Key points How the dollar becomes THE international currency 50 years of dollar hegemony Emergence of petrodollars in the [...]
14
Apr
Slower GDP growth in Q1. A soft landing is emerging. Decline in leading indicators. Employment is finally deteriorating. Consumption expected to fall. Inflation will slip below 5%. The Fed will pause. Weakening of the dollar. Opportunities in the capital markets. Positive outlook for equities. Key points A solid year-end will give way to a soft [...]
12
Apr
After having been one of the best assets in terms of relative performance in 2022, gold has again kept its promises in 2023 increasing by +9.77% and by approaching, once again, its historical high of $2,075 per ounce. At the beginning of the year we announced that the yellow metal would benefit (...) BRICS support [...]
05
Apr
The decline in crude oil prices from their June 2022 highs above $120 to $70 was interrupted by the expectation that China would reopen and recover its demand for crude oil. As this was not forthcoming, inventories (...) Trend change for crude oil prices Discover our Investment Flash down below: Read more To make sure [...]
31
Mar
Recession likely in 2023. ECB rate target at 4%. Decorrelation of monetary policies. Bullish recovery of domestic yields. Appreciation of the euro. Attractive valuations of securitized real estate and equities. Key points European economy falters but still avoids a recession in Q4 2022 Limited economic contraction in the first half of the year Leading indicators [...]
29
Mar
The banking crisis of the last few days has had a major impact on the financial stability of Switzerland, which had never imagined to face a major crisis situation such as the one posed by the risk of bankruptcy of the country's second systemic bank. In a few hours (...) Switzerland's financial stability is in [...]
27
Mar
Recession in 2023. A resilient 1st quarter. Temporary recovery in household confidence. Inflation not under control. BoE on pause. Bond yields adjust. Real estate succumbs. Equities still attractive Key points Uk economy moves closer to a recession Q1 2023 could still be resilient Leading indicators still mixed Job market still resilient Household confidence has improved [...]
23
Mar
The US Federal Reserve meeting ended with a 0.25% increase in key rates. This may well mark the end of the monetary tightening cycle that began twelve months ago, despite the door being left open to further possible increases by (...) Markets still betting on rate cuts in 2023 Discover our Investment Flash down below: [...]
