Categoria: Market updates by Fabrizio
The chaos over US tariffs that Donald Trump and his administration unleashed since their infamous “Liberation Days” has raised fundamental questions about the risk premium on US assets, especially on US Treasuries, and the role of the US dollar within the global economy and international financial system. The continuous ascent of gold is among the […]
While uncertainty clouds the economic outlook and heckles the markets ahead of the announcement of US reciprocal tariffs, the skies seem to be clearing for Cagliari Calcio… thanks to its victory over Monza yesterday. With a 6-point lead over first-to-be-relegated, Empoli, a win against the latter next week-end would virtually guarantee their survival in Serie […]
In the same way that national soccer interests in Europe have taken precedence over the respective national championships due to the Nation’s League games and subsequent qualification to the next World Cup, my usual weekly editorial has morphed into a broader, more comprehensive and pragmatic, I hope, summary of our latest monthly strategy meeting held […]
I’m back after a long and beautiful vacation in Colombia, where I followed the ups and downs of the markets and Cagliari Calcio from afar. I don’t know if it’s just a feeling, but not much had happened during my absence – at least as far as the markets were concerned (Cagliari did manage to […]
Happy New Year and best wishes for a healthy and prosperous 2025! As we start a new year with an important victory of Cagliari Calcio (2-1 vs. Monza!), I have polished my best crystal ball nicely in order to make 10 predictions that could shape financial markets and portfolio returns over the next twelve months. […]
As we are constantly bombarded with information, distinguishing the “signal” (the useful, reliable information) from the “noise” (irrelevant or misleading data) is increasingly difficult. It seems to me that since Trump’s election, the noise volume has increased further, while the range of outcome has become wider. In this context, I feel somewhat lost when I […]
Last week, I asked somewhat ironically “what could go wrong?”, while being fully aware of the many risks and challenges ahead of us. As a result, Cagliari Calcio lost miserably on Friday against Udinese… In the same time, we are entering into November this week through the Halloween backdoor, while investors have already had many […]
Another week-end, another cold shower for the Cagliari Calcio at home! After sinking 0-4 against Napoli the prior Sunday, my favorite Italian soccer club ruined my week-end right from the start by losing 0-2 vs. Empoli last Friday. As a result, Cagliari stands now at the much-unenviable bottom of Serie A ranking. So, forget about […]
Among the subjects that could make people angry, we can obviously mention politics when opinions become divisive, threatening friendships and even families; sport sometimes when one’s favorite club (in my case Cagliari Calcio) loses stupidly 1-0 to Lecce having played 11 against 10 for half-time and having had plenty of chances, or when the rivalry between […]
Nine weeks later, summer is ending, kids headed back to school yesterday in Geneva and Italy Serie A 2024/25 season just kicked-off with a good draw of Cagliari Calcio vs. Roma… The last time I hit the send button for this letter on June 17th, S&P500 was at 5’473 (or circa -1% below last Friday […]
Last week, my column was devoted to the virtue of patience and the many similarities between sport and the financial markets, including the importance of uncertainty and how to manage it in both with predictions and strategies. I concluded with a reminder of our scenario for inflation and rates leading to a cautious stance on […]
