High excess liquidity due to central bank balance sheet expansions and increased savings rates catapults stock markets worldwide upwards. Nevertheless, the risks in the 2nd half should not be underestimated! Current assessments can be found in the new Aquila Flash.

The risks of over-indebtedness are increasing. Meanwhile, gold offers itself as an attractive alternative currency. The new Aquila Flash discusses the possible impact of the Covid19 shock, why the debt monster continues to be fed and what the situation is regarding gold (equities).

Central bank interventions and fiscal rescue packages are overcompensating for disastrous economic indicators, at least for the time being. To what extent this will succeed and for how long remains unclear. Read more in the latest Aquila Flash.

Possible light visible at the end of the Coronavirus tunnel? Measures could be relaxed at the end of May, end of June at the latest? The wave of bankruptcies must be prevented by then. Read more in the latest Aquila Flash from April.

Independent asset managers in Switzerland unanimously expect the next three months to be difficult. A majority expects a global recession, but also anticipates a stock market boom.

Market outlook for Q2 2020. Due to the outbreak of the COVID 19 coronavirus in all parts of the world and large-scale quarantine measures, we had to revise our growth forecasts sharply downwards. More details on our estimates in the new Aquila Viewpoint.

Update on the coronavirus and the situation in the financial markets. Normalization is already taking place in China, while central banks are reacting in many other regions. Stock markets continue to be extremely volatile. Read more in the latest Aquila Flash.

After the Chinese economy, the corona virus has also reached the global economy. The FED surprisingly lowers the key interest rate by 50 basis points. Read more about the coronavirus and its impact on the economy in the new Aquila Flash.

The Corona virus is having an impact on the Chinese economy. It is impossible to estimate how long the spread could continue. Will the fear of the virus ultimately affect/paralyze the economy more than the viral disease itself?

U.S. equities in particular were highly valued and technically overbought before the "corona virus correction". The persistence of overvaluation makes stocks vulnerable to a correction even if the Corona virus is brought under control. Read more in the latest Aquila Flash.

Independent asset managers expect a gold bull market in 2020. Corresponding expectations for the stock market in 2020 emerge from the latest Aquila Asset Managers Index (AVI).

What about US stocks and bonds, which are more overvalued? The situation in the Middle East threatens to escalate after the US drone attacks. Is there a possible impact on the expected slight upturn in the U.S.?