Strategic Views Archives - Swiss Insights

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April 19, 2016 -

Why are we downgrading US stocks to neutral?

Question: US stocks have been among your favourites for years and you keep a positive directional view on them. So why do you go from a positive stance to a neutral stance, even though you keep a positive opinion on…

April 6, 2016 -

Global equities are entering a bumpy phase before they can return to their year highs later on

Fundamentals need time to confirm expectations. Once again, reflationary efforts (mainly by China authorities, the ECB and the Fed) have generated a significant rebound in risk assets. Investor conviction has however remained low. Risks abound as clearly highlighted by the…

March 3, 2016 -

Equity markets: the battle between perception and reality

Reality is not as dire as its perception. Global equities have lost 20% since May 2015, in two waves. The first wave began with fears that the oil price slump was sending a big warning on the health of the…

February 15, 2016 -

Why Are We Still Positive on Risky Assets?

January 2016 is the worst start of year on record but we think fears are exaggerated. The MSCI AC World index is down 20% from its May 2015 high. The oil price slump and concerns about a hard landing in…

December 17, 2015 -

A dovish hike: what happens next?

Seven years after, exactly On December 16, 2008, the Federal Reserve brought the Fed funds target rate down from 1% to an historical low of 0.25%. On the same date, but a long seven years after, monetary authorities have become…

December 7, 2015 -

The 2016 equity market outlook

A gentle primary uptrend. A background of sub-par growth and of “lowflation” is fundamentally bullish for equities. It allows positive – though moderate – sales and earnings growth as well as policies to remain generally supportive despite the coming first…

December 3, 2015 -

ECB decisions below (high) expectations

The facts before the ECB meeting Over the past few weeks, the ECB has been preparing financial markets regarding the possible next steps. It was looking to work on 3 type of tools: (1) a more negative deposit rate (weaker…

November 23, 2015 -

The economic impact of 13th November

One week after the Paris attacks, we make no change to our investment strategy. Economic impacts will be limited. The financial markets will continue to focus on monetary policies and the growth recovery forecast for 2016, with no change. Access…

November 5, 2015 -

Equities remain the asset class of choice

Under the spell of central banks whilst waiting for fundamentals to strengthen. In a world of extremely low remuneration on fixed income assets, of ultra-accommodative monetary policies, of central banks fully committed to do anything to succeed in their reflationary…

September 25, 2015 -

Comments on the current weakness in equity markets

Five consecutive days of decline Global equities have again had a bad day yesterday, for a fifth consecutive day. Cumulative losses amount to 4% on the MSCI World AC index, which is now back to the lows of August. All…

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News archive

PrintPrint
April 19, 2016 -

Why are we downgrading US stocks to neutral?

Question: US stocks have been among your favourites for years and you keep a positive directional view on them. So why do you go from a positive stance to a neutral stance, even though you keep a positive opinion on…

April 6, 2016 -

Global equities are entering a bumpy phase before they can return to their year highs later on

Fundamentals need time to confirm expectations. Once again, reflationary efforts (mainly by China authorities, the ECB and the Fed) have generated a significant rebound in risk assets. Investor conviction has however remained low. Risks abound as clearly highlighted by the…

March 3, 2016 -

Equity markets: the battle between perception and reality

Reality is not as dire as its perception. Global equities have lost 20% since May 2015, in two waves. The first wave began with fears that the oil price slump was sending a big warning on the health of the…

February 15, 2016 -

Why Are We Still Positive on Risky Assets?

January 2016 is the worst start of year on record but we think fears are exaggerated. The MSCI AC World index is down 20% from its May 2015 high. The oil price slump and concerns about a hard landing in…

December 17, 2015 -

A dovish hike: what happens next?

Seven years after, exactly On December 16, 2008, the Federal Reserve brought the Fed funds target rate down from 1% to an historical low of 0.25%. On the same date, but a long seven years after, monetary authorities have become…

December 7, 2015 -

The 2016 equity market outlook

A gentle primary uptrend. A background of sub-par growth and of “lowflation” is fundamentally bullish for equities. It allows positive – though moderate – sales and earnings growth as well as policies to remain generally supportive despite the coming first…

December 3, 2015 -

ECB decisions below (high) expectations

The facts before the ECB meeting Over the past few weeks, the ECB has been preparing financial markets regarding the possible next steps. It was looking to work on 3 type of tools: (1) a more negative deposit rate (weaker…

November 23, 2015 -

The economic impact of 13th November

One week after the Paris attacks, we make no change to our investment strategy. Economic impacts will be limited. The financial markets will continue to focus on monetary policies and the growth recovery forecast for 2016, with no change. Access…

November 5, 2015 -

Equities remain the asset class of choice

Under the spell of central banks whilst waiting for fundamentals to strengthen. In a world of extremely low remuneration on fixed income assets, of ultra-accommodative monetary policies, of central banks fully committed to do anything to succeed in their reflationary…

September 25, 2015 -

Comments on the current weakness in equity markets

Five consecutive days of decline Global equities have again had a bad day yesterday, for a fifth consecutive day. Cumulative losses amount to 4% on the MSCI World AC index, which is now back to the lows of August. All…

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