May 26, 2023May 29, 2023 - Special weekly reviewMonday 29th is a public holiday in Switzerland and there will be no Weekly review. Instead we are sending this brief note to highlight...
May 22, 2023Weekly reviewMay 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 15, 2023May 15, 2023 - Will the US default in June ?The answer is : ... most probably not. However, the situation is not something that we should take it lightly. As the amount of...
May 8, 2023Weekly reviewMay 8, 2023 - Confusing markets call for cautious steps. Financial markets are currently pricing completely different scenarios than the data or the central banks are telling us. The US bond...
May 1, 2023Weekly reviewMay 1, 2023 - Sell in May and go away ? In equity markets there is an old saying : "Sell in May and go away". This "myth" was created many decades ago, as the markets...
Apr 24, 202324 April, 2023 - Cracks have started to appear in the US labor market. Recent data point to a deterioration of the US jobs market, which is only normal after the most aggressive interest rate hike campaign of...