Navigating through the silly season

Navigating through the silly season

Nothing describes the current market situation better than a quote from Warren Buffet from 1986: “What we do know, however, is that occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing...
AI fantasy and elections drive the market

AI fantasy and elections drive the market

In recent weeks, the stock markets have remained in a positive mood. In July, indices in both the USA and parts of Europe reached new all-time highs. In the USA in particular, the trend was strongly driven by the growth prospects arising in connection with the...
Focus on technology and central banks

Focus on technology and central banks

In June, the stock markets in the USA reached new all-time highs. The technology sector and good economic figures continued to be the market drivers. In particular this reflected the economic fantasy stemming from the potential applications of artificial intelligence....
Interest rates still in focus

Interest rates still in focus

The second quarter began with a correction at the global stock markets. It was not until mid-April that the conviction prevailed that interest rates would be cut, first in Europe and then later in the year in the USA. This meant that the bull market story was intact...