Publications

May 29, 2023 - Special weekly review

Monday 29th is a public holiday in Switzerland and there will be no Weekly review. Instead we are sending this brief note to highlight...

May 26, 2023

Equities continued their rebound from the March lows, climbing a "wall of worry". This is a well-known expression in our profession,...

May 22, 2023

The answer is : ... most probably not. However, the situation is not something that we should take it lightly. As the amount of...

May 15, 2023

Financial markets are currently pricing completely different scenarios than the data or the central banks are telling us. The US bond...

May 8, 2023

In equity markets there is an old saying : "Sell in May and go away". This "myth" was created many decades ago, as the markets...

May 1, 2023

Recent data point to a deterioration of the US jobs market, which is only normal after the most aggressive interest rate hike campaign of...

Apr 24, 2023