Publications

May 22, 2023 - Climbing the "wall of worry" .

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

March inflation data in the US showed a remarkable slowdown last week, giving rise to optimism that the FED will soon stop increasing...

Apr 17, 2023