Newsletter December 2022

Overview US and World equity indices were sharply up again in November on the back of lower-than-expected inflation numbers and signs of an economic slowdown in the US and in the rest of the world. The S&P’s 500 rose 5.59%. All other US equity indices fared...

Newsletter November 2022

Overview In October, US indices largely recouped their September losses. A mixture of technical and fundamental factors underpinned this directional change. The S&Ps’ 500 rose 8.10%. All other US equity indices fared similarly. Noteworthy though is the relative...

Newsletter October 2022

    Overview September was a gruesome month for investors. Equity indices dropped on average 10% in the US and globally. Strong unemployment numbers in the US, despite the restrictive monetary policy conducted by the Federal Reserve (Fed), combined with...

Newsletter September 2022

    Overview Equities markets reversed in August, under pressure from an anticipation of more interest rate tightening in the US and elsewhere. The S&P’s 500 lost 4.08%. The Nasdaq Composite dropped 4.53% while the Russell 2000 (Small Cap Index) managed...