Kategorie: Market updates by Fabrizio
We got two positive surprises lately. The first one we almost got used to it, the US economy doesn’t show any signs of landing since the US ISM manufacturing rebounded above 50 in March and the non-farm payrolls (NFP) increased again more than expected last month as they rose +303k vs. +215k expected and +270k […]
March Madness… It has to be said that the term is certainly not overused this year! A prestigious “Mannshaft” victory against France (we were no longer used to seeing Germany win, whether in sport or economics), the Prancing Horse overtaking again its rivals with an unexpected double for Ferrari at the F1 Australian Grand Prix, […]
Let’s speak about losers today… I will directly skip the mortifying defeat of Cagliari Calcio against Monza this week-end (superb free-kick from Daniel Madini, the son of Paolo and grand-son of Cesare) or the elimination of Inter Milan from the Champion’s league, to focus on the sector investors love to hate, or rather have learned […]
“Un mars et ça repart !”. So far, so good, indeed, especially for the Cagliari Calcio, who beat Salernitana 4-2 this weekend to jump from 19th to 14th place in the Serie A ranking. That’s not only my favorite Italian soccer club ranking that’s melting up, but also risk-on assets with the Europe Stoxx 600 closing […]
We’re currently experiencing two impressive runs of remarkable and relentless period of performances. First, the Cagliari Calcio remains on a 3 consecutive unbeaten games streak in Serie A (it won 1-0 against Empoli yesterday), whereas the S&P500 just completed a run of 16 positive weeks out of the last 18 for first time since 1971! […]
It took 34 years, 2 months and 20 something days… but it finally made it. The Japan Nikkei 225 stock index posted indeed a new all-time high (ATH) last week, snapping symbolically one of the longest journeys through the disdain of global investors, but also breaking somewhat off my favorite provocative question to investors looking […]
It begins with a “C”, it is struggling and it is at the bottom of the performances ranking… Have you got it? I am referring to China of course! While billions of people in China and around the world are celebrating the beginning of a new Lunar year, there is still little to celebrate about […]
Once again devil was in the details when considering the thrilling outcome of the Super Bowl LVIII with the Kansas City Chiefs stunning the San Francisco 49ers in overtime (25-22). Be reassured (or actually not so much), there are other places where the gap is so wide that even the devil wouldn’t risk an appearance… […]
At first glance, there’s no doubt about it: the US jobs report for January, released on Friday, showed more than a resilient US labor market. Nonfarm payrolls increased 353K, largely beating expectations (185k). Furthermore, prior two months readings were revised by a total of +126k, bucking the recent trend of downward revisions. Last but not […]
As we said in French “Après la pluie, le beau temps”… So, after the sadness and the tears related to the loss and mourning of Gigi Riva (Italy’s soccer record goal scorer on top of a legendary and faithful player of the Cagliari Calcio), Italian sport’s fans enjoyed and celebrated the great historical achievement of […]
In a recent press release, the SNB published a preliminary version of its accounts for 2023. After losing CHF 132bn in 2022, it lost again circa CHF 3bn last year. To put these losses in perspective, they represent more than 15% of Swiss GDP and almost 4 times the AuM of Compenswiss (Swiss retirement compensation […]
