Month: June 2020

BeiDu In the latest edition of our weekly financial markets update: History never repeat itself. But it often rhymes… ; China successfully launched its GPS ; Fixed income. The bond market does not embrace the V-shape recovery scenario ; Currencies. Antipodean currencies back to basics ; Equities. 3 unfavorable factors ; and Emerging stocks. A […]

STRATEGY AND MACRO Asset Allocation Rosy scenario more likely than dark one 2020 recession will deeply impact economies Great Unknown for 2020-2021 Huge debt and deficits are not an issue yet Risky assets consider pandemic as temporary Liquidity driven Equities are ahead of fundamentals Sovereign bonds still in crisis mode Once again, the tidal wave […]

Squaring the circle In the latest edition of our weekly financial markets update: CalPERS: a California Saga, season #3 ; Introspection first ; Innovation and new time horizon ; Several challenges ahead ; Currencies. EM currencies should fail to track the risky assets rebound ; Fixed income. Finally, banks rushed to borrow record at the […]

A scourge for the poor In the latest edition of our weekly financial markets update: Disparate stages of Pandemic ; Ahead of a food crisis? ; Elusive multilateral response ; Currencies. The main central banks decisions are behind us for now ; Equities. Stock market rebound, the fault of millennials called Robinhood, traders? ; Equities. […]

Great Debasement 2.0 In the latest edition of our weekly financial markets update: A new decade of unbridled creation? ; Gold, this so special ¨currency¨ ; The ultimate White Knight of central bankers? ; Fixed income. Another moment of the ECB’s determination to do whatever it takes ; Currencies. An ECB supported by the German […]