Investment Management – Weekly meeting – 01/12/15

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European markets have rebounded in the approach of Thanksgiving. The retails sales of the last few days will be a good barometer of the consuming habits in the States. The level of commodity prices yet continue to worry about the state of the global macro-economy and Chinese demand. The prospect of monetary regime change in the United States naturally creates anxiety climate and further volatility. The economic environment looks complex in 2016 and risk management will be key across […]

Investment Management – weekly meeting – 03/11/15

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We persist in thinking that the continuing rise of the stock markets is de-correlated from the fundamentals. We are clearly involved in a momentum play, encouraged by the “Halloween Indicator” and market operators speculating on more help from central banks, especially from the ECB. All independent funds managers are agreeing on this…

Investment Management – weekly meeting – 27/10/15

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Today the financial gurus talk about the “Halloween Indicator” being well oriented… It means that stock prices perform always best between November 1st and May 1st. It’s simply another name (seasonally adapted) for the “sell in May and go away” adagio. The sell in May worked particularly well this year. Let’s see if the Halloween […]