«If you ask me anything I don't know, I’m not going to answer» Yogi Berra And yes, here we go again with one of Yogi Berra’s insightful quote, which, this time, applies for the fate of the economy. It’s anybody’s guess today to give an indication of where the global…
Nifty - But not fifty In this strange and hectic year for markets, giving ammunition to both bulls and bears, eyeballing the top ten constituents of major equity indices gives an indication of what can be expected, and at what cost, for the coming months: in the table below, we…
Growth versus Value: there’s a risk in everything, so be prepared for ups and downs So here we go again with the never ending confrontation between the Growth guys and the Value guys: they both tell you that their philosophy is the surest way to make money in equities over…
“Who you trying to get crazy with this thing? Don't you know I'm loco?”(*) Hip-hop does not have a lot in common with financial markets and this 1993 song from Cypress Hill was obviously not aimed at giving any reference to any asset class whatsoever. But when looking at the…
European Financials: banking on the right stuff The whole financial sector in Europe has quite often been qualified as a disaster for equity investors since the GFC. It’s been now almost 10 years since the market bottomed in 2009, and an investor in European financial stocks during these 10 years…
Something hits the Faanmg*? In the recent market correction, the famous Faanmg have, on average, been hit quite hard, especially when taking into consideration the intrinsic quality of these stocks. Remember, many observers pointed out that these stocks were the main driving force behind the good performance of the US…
Small caps versus large caps: small is beautiful… Especially in Europe! It is often said that Small Caps outperform Large Caps over the long term; it is true, and makes sense. Smaller companies are more agile, tend to fall less under the burden of regulation, and are generally more “pure…
Comment gérer aux mieux sa fortune? Selon l’étude annuelle « Global Wealth Report 2017 » récemment publiée par Credit Suisse, plus des deux tiers des adultes suisses ont un patrimoine approchant ou dépassant 100'000 francs. Et 8,8% de la population résidant en Suisse sont millionnaires. En 17 ans la richesse…
What's going on? The US yield curve is flattening at a steady pace. One of the most followed indicators, the 2-10 year differential, has more than halved since the beginning of the year, from 125 basis points to less than 60 bps today. Traditionally, a flattening yield curve is…