Mai 2019
Marked increases in oil prices and stock markets characterize April. By contrast, the global economy is sending out contradictory signals. Assessments of current developments.
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Marked increases in oil prices and stock markets characterize April. By contrast, the global economy is sending out contradictory signals. Assessments of current developments.
There are initial signs in the USA and China that the decline in growth may already be over. However, Europe continues to disappoint and the Brexit decision has been delayed.
How is the slight cooling of the global economy affecting monetary policy and the markets?
Central banks react to economic slowdown and support stock markets. The manufacturing sector in particular is showing its weak side, while the services sector is still holding up quite well. Our assessment of the current situation.
Unfortunately, a global, largely synchronous growth slowdown is currently taking place. Gold investments could be interesting.
The Chinese economy has cooled significantly. Investment strategies that do not position themselves robustly against lower Chinese growth are at high risk. We show that caution is warranted in the short term.
A new year has begun. Independent asset managers are preparing for rather difficult times. This is the result of the latest Aquila Asset Managers Index (AVI).
How is the global economy developing and what is the situation with interest rates in 2019?
A review of 2018 and a look into the near future. The global economy is cooling down noticeably, defensive strategies are preferable at the beginning of the year.
The US mid-term elections have gone broadly as expected. The results mean another round of tax cuts are now unlikely. Rather we will probably see a return to “Gridlock in Washington“. The dollar’s period of strength may be coming to an end.
Independent asset managers in the Swiss are realigning their portfolios to protect against political risk and the threat of an intensified trade war.
Virtually all equity markets have suffered sharp price falls in recent weeks. The defensive positioning of our investment strategy, in particular the equity underweight, has paid off. A year-end rally in the equity markets is likely, as many markets are technically oversold. We are preparing for a short-term tactical increase in the equity allocation.
We look forward to hearing from you:
Nicolas Peter
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