WeWork, the coworking company founded by the charismatic Adam Neumann, has declared bankruptcy. And it's about to try for the umpteenth time to relaunch itself.

Here's the vision from the owner of Tesla and Space X: by the end of 2024, X (the late Twitter) should be able to offer a bouquet of financial services, i.e. bank accounts, online payments, investment advice and management. Preview below.

Three weeks ago, LVMH shares lost up to 8.5% of its market value in a single day following the publication of lower-than-expected third-quarter sales. Fashion, leather goods, wines and spirits suffered a sharp slowdown in demand in most regions. LVMH shares are now down nearly 30% from their April high. And the Group headed by Bernard Arnault is not an isolated case...

Open banking is a rapidly growing industry with a market size valued at US 20.2 billion in 2022 and a projected CAGR of 20.5% from 2023 to 2032, fuelled by the escalating demand for digital banking.

We expect the US & global economy to cool down in the months to come, leading to a Fed pause. This would be a positive for equity and bond markets over time.

Uranium, a heavy metal known for its dense properties and radioactive isotopes, has recently become the focal point of discussions and analyses in the financial and energy sectors. This element, which is fundamental to the production of nuclear energy, has witnessed a significant surge in prices and attention, marking a pivotal moment in the global commodity markets.

In the realm of innovation, few nations stand as prominently as Switzerland. The alpine nation holds the distinguished position of being the most innovative economy globally for the 12th consecutive year, as substantiated by the 2023 Global Innovation Index (GII).

A consolidated view of the markets, across geographies and asset classes.

The Electric Vehicle (EV) segment is growing rapidly, but faces a number of challenges, not least of which are charging solutions. Wireless EV charging is a revolutionary technology that promises to redefine the way vehicles are powered.

Key takeaways: • After a strong first half of the year, the mood has shifted during the Summer as markets are adjusting to the reality of “persisting inflation & sticky rates”, a narrative which is adding pressure on equities and valuations. • While equity and bond market volatility could persist in the short-run, particularly through a historically choppy September/October, we expect more positive market conditions towards the end of the year. Indeed, with the US & global economy cooling down in the months to come, central banks are expected to pause their monetary policy tightening. This would be a positive for equity and bond markets over time. • We remain neutral on equities, rates and credit. Cash and bond yields are a clear competition to equities and our multi-assets portfolios reflect this reality. We are negative on the EUR and CHF against dollar. We upgraded Swiss equities to positive. We are keeping Gold as a diversifier. • We continue to favour 3 main investment themes: 1) Diversify into the lagging segments of the equity market that carry lower valuations; 2) Use volatility at our own advantage by buying on pullbacks; and 3) Use the bear steepening of the curve to extend duration within fixed-income portfolios.