Slow food for thought

Insights and research on global events shaping the markets

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.

Why the end of negative interest rates is no obstacle to the continued bull market in Japanese equities?

The global growth cycle hit its lowest point in 2023 and is now picking up. Earnings estimates have been creeping higher. Although central banks are hesitant to lower interest rates at this moment, they are conveying more accommodative signals to the market, which maintains the prevailing "risk-on" sentiment.

The price of bitcoin has surged sharply since the beginning of the year, having increased almost fivefold from its 2022 lows. How high can the price go? In this article, we attempt to answer this question using two very distinct valuation models

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