Slow food for thought
Insights and research on global events shaping the markets
Key takeaways • We believe global economic growth could soften but will likely remain positive while the disinflation trend should stay in place. This, coupled with monetary and fiscal policy support ahead of the US elections, is creating an attractive backdrop for equity markets in the months ahead. • Within our opportunistic asset-allocation guidance, we recommend clients to go underweight Fixed Income and overweight U.S and European stocks while staying underweight Emerging markets stocks. Commodities and Gold are still useful portfolio diversifiers. We are staying long dollars. • There is one change within our preference grid this month: we increase Government bonds 1-10 years from NEUTRAL to POSITIVE
Nokia's first model reappears in redesigned form. With its simplicity and basic functionality, the "boring phone" offers an escape from the incessant distractions of smartphones. Could this give the brand a new lease of life?
Banking giant HSBC has just embarked on the tokeniszation of gold, enabling the precious metal to be invested and traded digitally.
Thanks to numerous strategic partnerships and visionary local players, Ticino's largest city is establishing itself as a European cryptocurrency and blockchain capital.
Key takeaways • There has been a change of tone in the markets with equities pulling back in April and US 10-year yield moving up 45 basis points over the month, while gold and the dollar soared. • The weight of evidence of our fundamental and market dynamics indicators leads us to remain neutral to positive on equities. While markets could stay choppy for a little while, we believe that the pullback could be contained, and that further equity market weakness is buyable. • Going forward, we want to keep our allocation to Equities close to our strategic asset allocation (SAA) neutral weights. We upgraded our stance on European stocks (from neutral to positive) and downgraded our view on Japanese stocks from positive to neutral. We remain negative in fixed income and downgraded our view on Emerging markets bonds. We have also upgraded our stance on Commodities to positive from neutral. Last but not least, we reduced all currencies by one “notch” vs. USD: EUR, CHF, GBP & EM are reduced down to negative (from neutral) while JPY is down to neutral (from positive).
Hyperbitcoinisation is not just about the growing success of bitcoin. It is actually a scenario in which the digital token becomes the world's dominant currency. Overview.
For as long as markets have been open, traders have been exploring different techniques to earn quick profits on the financial markets. Among the various strategies pursued is the "Turtle Trading" system. Developed in the early 1980s by commodity traders Richard Dennis and William Eckhardt, this system was at the heart of an experiment to determine whether anyone could be trained to become a successful trader. They formed a group nicknamed the "Turtles", who generated over $175 million in combined profits over five years, proving the effectiveness of this method. This article provides an overview of the "Turtle Trading" programme, illustrating its origin, principles, and current relevance.
At the end of the week, a major event will take place in the cryptocurrency world. It's called the bitcoin halving. Scheduled 15 years ago, this process occurs approximately every four years, making bitcoin rarer over time. Preview below.
A consolidated view of the markets, across geographies and asset classes.
The Asia House Annual Outlook 2024 classifies it as one of the best positioned markets in Asia-Pacific for 2024. Nestled beside the giant China, Vietnam aspires to become a high-income country by 2045, relying on a growing economy, strong manufacturing activity and rising middle class. This article offers a comprehensive view of Vietnam's potential and obstacles on its path to economic prosperity.
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