Pierre Mouton, Author at Notz Stucki Group

Chart of the Month – European Financials: banking on the right stuff

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…

Chart of the Month – Something hits the Faanmg?

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…

Chart of the Month – Small caps versus large caps: small is beautiful… Especially in Europe!

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…

Booster son patrimoine

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…

Chart of the Month – What’s going on?

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…

Chart of the Month – Japanese Yen: to hedge or not to hedge?

Heart shaped hedges, Japanese gardens (« Johnson’s aeroplane” – INXS, 1984) When it comes to buying Japanese equities for a non-Japanese investor, this emotional question always resurfaces: how do I manage the currency risk for the seeds I sowed in the Japanese garden, i.e. do I hedge the JPY currency…

Chart of the Month – CAPE–ability in question

CAPE–ability in question « In theory there’s not much difference between practice and theory – but in practice, there is. » Yogi Berra. More and more warnings are being sent about the unsustainability of the current CAPE ratio for the SP500 and that a correction should occur, based on the…

Happy 1st Anniversary DGC Notz Stucki Raymond James Strong Buy Selection

DGC NOTZ STUCKI RAYMOND JAMES STRONG BUY SELECTION’S ASSETS CLIMB ABOVE € 50 MILLION FOR ITS FIRST ANNIVERSARY The fund exhibits a 19.14% performance since the beginning of the year What are the origins of this blockbuster? After a setup of several months, a partnership was created between Notz Stucki Group,…

Chart of the Month: 1986 – 2016 « LIVE TO TELL » (MADONNA)

1986 – 2016. « LIVE TO TELL » (MADONNA) In 1986 Madonna was singing a very nice song titled « Live to Tell » which rapidly became a hit. Although the song was by no means a reference to financial markets, it’s easy to extrapolate with the title and imagine…

Chart of the Month: European Sovereign Spreads: Time to be cautious?

European Sovereign Spreads: Time to be cautious? The chart here above illustrates the yield spread between the 10 years Italian BTP and the 10 years German Bund since 2010. The incredible 2011 spike in the midst of the European Sovereign crisis is striking on the chart, especially when compared to…