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CIO Flash Notes · Michel Schiffelholz
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4 August 2026
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Article26 January 2026618 views
The “MEGA” European Renewal basket has recorded an impressive performance of +30% since its launch on March 13, 2025 ( see article from March 28, 2025). During the same period, Eurostoxx performance was of +10.50%. source: Kepler Cheuvreux…
Article13 January 20261386 views
After an exceptional year in 2025 (+49.9%), Brazil remains in 2026 a key market, supported by falling rates, attractive valuations, and solid fundamentals. This analysis is part of our AMC Emerging Markets ex China product, developed in…
Article12 January 2026692 views
Dear readers, we hope you had a good break, because 2026 is going to be anything but quiet. Trump is all fired up, omnipresent, with the mid-terms on the horizon at the end of the year and the memory of the defeat in 2018. He wants to…
Article6 January 2026682 views
As we step into 2026, we’re back to sharing our insights and providing fresh perspectives on market developments. We wish you all a very happy and prosperous 2026! Back in December, we titled our yearly outlook “ Tough on a tightrope ”…
Quarterly6 January 20261123 views
The fourth quarter of 2025 was dominated by an atypical sequence of events: the US government shutdown, the resumption of official economic data releases, and then another interest rate cut by the Fed in December. Meanwhile, Europe…
Article15 December 2025766 views
In our view, the sharp fall in oil prices and the strong euro appreciation in 2025 will have negative implications for inflation next year. Also, services could be the next shoe to drop. The CPI services, which represents 45% of the total…
Article9 December 2025685 views
As always at this time of year, we start collecting ideas for Christmas gifts and setting out our main convictions for the year to come. Part of the exercise consists of finding a title that sums up the views in a few words. Last year, we…
Article24 November 2025619 views
A more volatile market setting, and this is not a bad thing. After hitting record highs in late October, US and European equities have faced downward pressure. VIX futures spiked as investors grew cautious about AI and Tech valuations.…
Article18 November 2025649 views
The affordability crisis among mass US consumers came back to bite Donald Trump in the recent elections that took place in New York, New Jersey, and Virginia. Without being overwhelmingly disastrous for the Republicans, according to…
Article10 November 2025804 views
After several months of strong positive returns, global equities are taking a breather. US and European indices reached an all-time high in late October and are experiencing a mild pullback as we speak. Against a backdrop of rich US market…
Article3 November 2025645 views
As we approach year-end, we take a fresh look at the current market dynamics. Another strong earnings season in the US Tech and Consumer Discretionary sectors (Google, Apple, Amazon) has helped to sustain global risk appetite, fuelling…
Article29 October 2025698 views
Reflecting current dynamics in the newsflow, we emphasise four core convictions in our weekly report. #1: Trump’s tour of Asia. Highlighting the major role of the Asia-Pacific region in the world economy, Donald Trump has kicked off his…
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