Risky assets proved to be very efficient this year, despite the fact that final investors have essentially avoided shares. Only recently have we noticed signs of excessive caution. The resemblance is surprising: is it a repeat of the 2016 rally? Are the economy and profits strong enough to support the stock market momentum? Will central banks continue to revive animal spirits? Have the ratings already been extended?
In his latest macro video, Vincent Chaigneau, Head of Research, addresses these questions and makes recommendations on investments.
Find out more and watch the video!
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Market Compass January 2020
13/01/2020
Edited by the Macro & Market Research Team. The team of 13 analysts based in Paris, Cologne, Trieste, Milan and Prague runs qualitative and quantitative analysis on macroeconomic and financial issues.
The team translates macro and quant views into investment ideas that feed into the investment process.
Q&A ACOF
18/12/2019
As the tide of easy monetary policy slowly goes out, global markets face another challenging year. Yet 2019 will be very different from 2018, as the US economy is set to fall off its pedestal; the Fed will pause this summer, if not before. The great regional divergence of 2018 will thus end, and with it the impressive USD rally. This should bring selective relief to Emerging Markets, assuming the world economic landing continues to be soft.
Read Now2020 Outlook Video – Repression, introspection, election
17/12/2019
In this video Vincent Chaigneau, Head of Research, shares key market views for the coming year. Find out more!
Read Now