Last week, in Sticky Rates Despite Slippery Growth, we flagged a puzzle: US data was turning noticeably gentler (weak July payrolls print, in-line and reassuring CPI, and a surprise drop in July retail sales), yet the 10y Treasury yield refused to budge from its highs. If anything, the picture has grown more stubborn since. The […]
Grazie mille alla redazione di Class CNBC, e in particolare a Carla Signorile, per aver ospitato questo pomeriggio Edoardo Proverbio, Responsabile Area Investimenti di DECALIA SIM, per commentare gli ultimi sviluppi sui mercati finanziari. Un sentito grazie a Carla per la gentile ospitalità e per l’interessante confronto!
Three weeks ago, in Beware of Certainties (27 July), we flagged how hard it had become to hold tactical convictions on rates, with investors pricing in two Fed hikes before year-end on the back of persistent inflation concerns with hardly anyone contemplating a hard landing. Since then, the data flow has told a more nuanced […]
Grazie mille alla redazione di Class CNBC, e in particolare a Annalisa Lospinuso, per aver ospitato Roberto Magnatantini, Lead Portfolio Manager di DECALIA, per commentare gli ultimi avvenimenti sui mercati finanziari. Grazie a Annalisa per la gentile ospitalità giovedì scorso!
The second-quarter US GDP print looked, at first glance, like a disappointment: growth came in at just +1.5% annualized. But headline numbers can be poor storytellers. Strip out the noise, and the US economy is not slowing… It is accelerating where it matters most. US Q2 advanced GDP breakdown: stronger than suggested by the headline […]
Nel caso dei mercati finanziari, come nella società in generale, l’IA è il tema di massima attualità. Le promesse di questa tecnologia sono certamente enormi e il suo impatto sui modelli di business aziendali sta già iniziando a concretizzarsi in diversi settori. E per quanto riguarda le bioscienze? L’IA può accelerare il processo di scoperta […]
It’s currently hard to hold tactical convictions on markets, given the many uncertainties related to (1) the gyrations of the US-Iran war, which influence the trajectory of energy prices and, by ripple effect, the stance of monetary policy, and (2) the AI theme dominating headlines, driving dispersion within the IT sector and concentrating risk. In […]
Private credit is booming – and under fire. DECALIA’s private credit lead Reji Vettasseri tells finews why the criticism of the asset class is part exaggeration, part opportunity – and why his third fund should be as big on day one as his first was at its close.
No flash of genius from the Messi(ah) or miracle for the wrestlers of the Albiceleste, who logically go down, but painfully, against La Roja. A deadly, dull match where the only real spectacle was the surreal, American-style halftime show… In the meantime, bombings, retaliation, offensive attacks and blockade have resumed in the Strait of Hormuz […]
