We believed there was a move from a bearish to a more neutral feelings in the markets but in a negative environment… Even if stocks rallied a little bit from the bottom there is no clear direction and we are remaining quite cautious. As of today, we did not take any particular postion before the […]
Please find attached our Global Strategy Fund – February report : From where will the growth come? The introduction of negative rates is a final act of desperation… It only compounds the risks of financial instability and sets the stage for the next crisis. Nowadays, markets are still completely de-correlated from fundamentals. That is unfortunately […]