Communications

Market Commentary During the month of May equity markets maintained their upward trajectory while volatility has generally diminished. Earnings forecast keep being revised higher, which together with continuous support form Central Banks and Governments, keeps investors optimistic. Meanwhile, commodities kept rallying, led by oil, while industrial metals kept performing, especially Iron Ore. The debate remains […]

Market Commentary Western world equity markets continued their performance during April, while Chinese and Emerging Markets in general were flat. Commodities kept their impressiverally , with industrial metals contributing strongly to performance. Both the Federal Reserve and ECB maintain their ample monetary support while Chinese Central Bank is with drawing it some how and is […]

Market Commentary European economy   is expected to have another recessionary quarter due to the ongoing lockdow ns. ECB announced more support and that helped equity markets to perform handsomely during the month of March. In the US, indices reached   new   highs   as   grow th   expectations   are  high due to   the massive fisca l and  monetary […]

Market Commentary Markets remain focused on the evolution of vaccination around the world and the support provided by Central Banks and Governments. Thus, the “buy the dip” mentality remains fully in place. The biggest concern right now is the increase in yields. Even though it is difficult to reconcile low yields with higher inflation expectations, […]

Market Commentary After a euphoric start for the world’s stock markets, January ends with a correction that we consider healthy in view of the extreme overbought conditions. The market continues to look to the second half of the year, where a strong rebound in activity is expected once a large part of the population has been vaccinated. […]