Thoughts of the Week The world is becoming increasingly more volatile and President Trump more aggressive. His first year was all about tariffs. His second year has started with a clear willingness to demonstrate power...

Thoughts of the Week Maybe we should not have chosen a casino photo for an investments related newsletter. But I will try to explain the rationale. First, some healthy gambling among friends-and-family always takes place...

Please note that this will be the last weekly newsletter until January 12th. We take the opportunity to wish our readers a warm holiday season and a healthy & prosperous New Year ! Thoughts of...

Thoughts of the Week Nobody talks about Japan, but we will. Last week the President of Japan’s central bank said that they could start increasing interest rates as inflation has, at last, stabilized at relatively high...

Thoughts of the Week November disappointed, despite the long-standing very positive seasonal pattern. But as we had mentioned in our newsletter at the dawn of this month, nothing has worked according to seasonal patterns this...

Thoughts of the Week It has been a remarkable year, primarily because of the polarization in returns among stocks and industries. In the US, everything related to AI, chips and data centers has been flying...

Thoughts of the week Investors have started questioning, and rightly so, the economics of the relentless spending on AI (infrastructure and software) and for the older generation, memories of the 1999 bubble have inevitably resurfaced. The...

We copied the title from our newsletter two weeks ago, referring to Gold at that time. The reason is that the US Technology sector fell 4%, which is the worst weekly performance since the April...

The last two months of the year are usually the best for equities. Traditionally it is the time of the year where portfolio managers start to window-dress their portfolios and hedge funds as well as...