Investment Management – Weekly meeting – 10/11/15

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We think that a moderate rate hike in December looks more and more certain. It will be interesting to see how markets will digest this quasi-certainty in the coming days. The committee is questioning what Mr. Draghi will do (or tell) on the 3rd December.  Our feeling is mixed, on one hand, he might do […]

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…