The global stock prices, and with them corporate valuations, have reached further record levels. Within the segments, the winners take turns again and again, sometimes it is large or small-cap technology stocks, then again cyclical industrial stocks or even retail and consumption. Good fundamental data from China, positive labor market…

In the last article, we briefly discussed the important balance between stock and bond markets. In the meantime, capital market interest rates have become noticeably more expensive. One of the world’s most important seismographs, the yield on 10-year US treasuries, rose to about 1.6%. Ultimately, this is nothing more than…

It is just 3 weeks until the US Elections. Despite the devastating polls for the former “stock market darling“ Donald Trump, the markets continued to grow. The markets seem to be gaining acceptance that even though an election of Joe Biden might mean a retreat from previous deregulations and tax…

The world is in the grips of a virus, concerning policy, economy and socio-economics. It is a time full of uncertainty and contradictions where, under a state of emergency, elected representatives are ruling and taking measures based on scientific assumptions and the preeminence of health. But every crisis also constitutes…