Global equity markets had their first positive month of the year while bond markets were still negatively impacted by inflation, with a...

Global equities and bonds sold off strongly in February, especially European assets, which are mostly impacted by the conflict in...

Markets in the first month of the year were like a roller coaster. They were hard to follow and tricky to understand. It ended up being...

In December, markets were back and forth all month long, as sometimes investors were concerned over Omicron spreading worldwide, and...

Equity and bonds markets were down across the board in November, first because of inflation concerns, then at the end of the month,...

Last month equity markets made up for September’s losses, and as said in the previous letter, the worst month of the year represented a...

September is acknowledged in the markets to be the worst month of the year. It’s called the September Effect. This time again, it didn’t...

August was mostly positive for risk assets of major developed countries with lower volatility in the background. On the other hand, safe...

Markets in July were mixed across the board: positive for the US markets where the main indices continue to trade near record highs but...

June, like the first half of the year, was mostly positive for risky assets. Stock markets and high yield bonds were up, while investment...

Overall equity markets performed well in April, and it was a relatively calm month where optimism regarding the recovery prevailed. Even...

In March, market sentiment was first impacted by inflation expectations and by rising yields, with the 10-year Treasury yield reaching...

Continuing the 2021 positive momentum at first, markets started well in February. Then in the second part of the month equity and bonds...

The year started with the invasion of the Capitol, an unprecedented event which was coupled with euphoric markets despite the Blue Wave....

If the financial markets’ resilience surprised us in 2020, we managed somehow to find some rationality by explaining it with the tech...

November was an eventful month and a historic month for most of the indices: US Markets saw their best month since 1987, with the Dow...

Risk assets continued their upward trend in November, driven by constructive headlines on trade and Brexit and stronger economic data....

Risk assets continued their upward trend in October, driven by trade optimism, strong corporate earnings and stabilizing economic data....

Softening rhetoric between the U.S. and China led to a rebound in risk assets in September, marking a reversal from the August selloff....

An increase in trade tensions led to a selloff in risky assets before they staged a recovery towards the end of the month. The MSCI...