The first quarter of 2025 was marked by the return of Donald Trump to the presidency of the United States, who implemented deregulation measures and increased customs duties in several countries, including China and the European Union.This...
Managing uncertainty is at the core of the process of investing. Last week, Trump unveiled new trade tariffs on the so-called “Liberation Day”, taking investors into uncharted territory. The Economist rebranded it...
How to position yourself in the context of the European Economic RevivalIn a scenario of reallocation of investment flows towards European stocks deemed undervalued following the overperformance of American stocks, some analysts are...
Apart from some exotic commodities like coffee, gold has been the best performing asset year to date, up 15% as we go to press. With rising trade uncertainties and a higher (though still low) probability of a recession in the US, this...
The late Benjamin Graham used to say that “the market is a pendulum that forever swings between unsustainable optimism and unjustified pessimism”. Although the price tag for the renewed trade uncertainty is not so elevated...
Tempers are flaring. After Vice-President JD Vance has launched a scalding attack on European democracies, they are answering. The title of our report echoes a speech delivered last week by a French Senator that has gone viral on both...
