While inflation seems to have peaked in the US, central banks need to keep tightening for a while in order to bring it closer to their long-term target. This would probably imply a recession, with a negative impact on earnings growth.

Musk’s stock sales push Tesla share price down, while rates hikes take place across the board and US inflation starts cooling. Each week, the Syz investment team takes you through the last seven days in seven charts.

Below are the top 10 events and surprises that could mark the financial markets and the global economy in the New Year. We believe that these events and surprises are vanilla ones. Nevertheless, we also try to assess the probability of occurrence (high, medium, low) for each one.

Hong Kong's foreign exchange reserves continue to fall as the authorities struggle to keep the HKD in the 7.75 - 7.85 range.

Despite its immense potential and outstanding performance over the past 30 years, India remains underrepresented in international portfolios.

One theory puts forward the existence of a four-year stock market cycle linked to the term of office of the US President. The second part of the cycle is historically the most favourable for equity markets.

While we believe that equity markets remain in a downtrend, the weight of the evidence leads us to upgrade our one-month tactical view on equities from “unattractive” to “cautious”. Our view on EM Asia equities moves from “cautious” to “positive”. We are also upgrading our stance on credit from “cautious” to “positive” (though favoring Investment Grade).

Most portfolios remain invested in the winners of the 2010-2020 period. leaving them exposed to the risk of missing out on new opportunities.

Equity markets historically outperform in the 6 months following 1 November. What are the reasons for this? Can we expect positive seasonality in the current market environment?

While China’s growth data surprised positively over the weekend, Hong Kong and US-listed Chinese stocks sold off on Monday in reaction to the conclusion of China's 20th Party Congress. What is our take on the latest political and economic news? What are the consequences for China equity markets?