2022 was an interesting year on financial markets to say the least. Over the years, we have become accustomed to volatility and falling stock prices, partly because the mood of the market verges on the pessimistic every so many years. A crucial event in 2022 that prompted a reversal of sentiment was, of course, Russia’s […]

After some very volatile summer months in the financial markets, we are back to where we were in June. At first glance, not much seems to have changed. The two most important risk-free interest rates are again at their highest level since the beginning of the year. The German 10-year government rate is around 2%, […]

Dans cette vidéo, nous réfléchissons à ce qui s’est passé sur les marchés financiers au premier semestre de cette année et, en particulier, à ce que cela signifie pour vous en tant qu’investisseur. Ensuite, comme nous le faisons chaque année, notre Chief Investment Officer, Erwin Deseyn, vous propose un conseil de lecture. Un livre intéressant […]

When we make our analyses of the financial markets, the departure point is always the same. We always start from the anchor point for all markets: the risk-free interest rate. It determines the valuation of shares and bonds. Let us look first at the European Central Bank (ECB). At the end of last year, there […]

In our previous newsletter, we informed you about the recalibration of our strategy following the war in Ukraine: international diversification, protection against inflation and active management. In fact, this meant a continuation of the strategy we had already embarked on in early 2020 when the corona crisis broke out, but with an even stronger conviction […]

Exactly two years ago, we were all together in the first general lockdown of our lives. Business almost came to a standstill, and the expectations were that the economic damage would be incalculable. However, the rapid response of both governments (fiscal stimulus) and central bankers (monetary stimulus) ensured that confidence in financial markets was quickly […]