Strategy Update: September 2025 How tariffs and gold distort global trade Prefer to read it as a PDF? Download here. REVIEW THE FINANCIAL MARKETS IN AUGUST The month began with a bang – not because of Swiss National Day, but due to the 39% tariffs imposed by the US on Swiss products on August 7.…
Strategy Update: August 2025 Agreement for now in the tariff dispute, overcapacities in China and unchanged interest rate policies Prefer to read it as a PDF? Download here. REVIEW THE FINANCIAL MARKETS IN JULY At the beginning of the month, the Senate passed Trump‘s „Big Beautiful Bill“ – but as it turned out, not everything…
Strategy Update: July 2025 How Pension Fund Investment Behavior Drives Global Stock Markets and Resembles the Former Soviet Union Prefer to read it as a PDF? Download here. REVIEW THE FINANCIAL MARKETS IN JUNE June was characterized by geopolitical tensions and uncertainties that led to volatility in financial markets. Following Israeli airstrikes on Iranian nuclear…
Strategy Update: June 2025 Equity indices as a reflection of structural change Prefer to read it as a PDF? Download here. REVIEW THE FINANCIAL MARKETS IN MAY Back and forth – this probably best de-scribes the events surrounding US Pres-ident Donald Trump‘s ‘tariff policy’. At the beginning of the month, the US and China agreed…
Strategy Update: May 2025 Big Picture -Focus on tariffs: What investors need to know about causes, history and current geopolitics Prefer to read it as a PDF? Download here. REVIEW THE FINANCIAL MARKETS IN APRIL Liberation Day will probably go down in the history books. On April 2, the incumbent US President Donald Trump announced…
Strategy Update: March 2025 Semiconductor Industry 2.0 – Will Silicon Valley soon have to change its name? Prefer to read it as a PDF? Download here. REVIEW THE FINANCIAL POLITICAL EVENTS IN FEBRUARY Since Donald Trump took office, hardly a day has gone by without his administration announcing new laws, tariffs, or plans. No American…
Strategy Update: February 2025 10 years after the franc shock – Have the worst fears come true? Prefer to read it as a PDF? Download here. REVIEW THE FINANCIAL MARKETS IN JANUARY This month, a start-up from China called Silicon Valley‘ s leading role in the field of artificial intelligence into question. Never before has…
Strategy Update: January 2025 Review 2024 Prefer to read it as a PDF? Download here. REVIEW THE FINANCIAL MARKETS 2024 EQUITY MARKETS All in all, 2024 is a very successful year for the global equity markets, at least on the surface. However, the divergence has rarely been greater, starting with the performance of the…
