Slowly but surely, the coronavirus pandemic is being overcome thanks to the small miracle called “vaccine”. Our economy is also returning to full speed thanks to the massive fiscal and monetary stimulus. Very soon after the outbreak of the pandemic in 2020, we correctly assessed its unavoidable major impact on financial markets and your portfolios. […]

In the meantime, the equity markets have risen from their ashes. The presidential elections are over, we are hearing positive news about vaccines and the third quarter earnings season was particularly robust. Let us address this while sticking to the communication framework we have used since the beginning of this crisis and zoom in on […]

Corona is gridlocking economies and societies, but the fixed income investor is doing amazingly well. 1.    Government bonds The main driver in these special times for a fixed income investor is the steep drop in risk free rates. Especially the US Treasuries yield curve has dropped significantly. Earlier this year the Fed, the US […]

“The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function.” (F. Scott Fitzgerald) The above quote by F. Scott Fitzgerald, originating from his collection of essays The Crack-Up published in 1935, is the perfect description of the mental […]

The investment landscape has changed drastically in recent months. The spread of the coronavirus has had a huge impact on economic activity around the world. This requires an extraordinary focus and concern for the investments we have made. Our analysts continue to carry out extensive research into the investments we have in our portfolios. In […]

The financial markets have, for some weeks now, been ‘healing’ from the Corona-crisis. The recorded lows of 23 March already lie some time behind us. However, the virus is currently in its most lethal phase. Let us review the situation on 3 battlefields: 1) The health war This is the most important one. Not only […]