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 Public awareness Scientific mysteries of the virus Hospital […]

The Central Bank of the world, the Federal Reserve, protects your portfolio. 2020 started out promising. The world was spinning at full speed. But the COVID-19 virus suddenly brought the world, as we knew it, to a standstill resulting in battles being fought on three fronts: 1) Firstly, this is a health crisis of unprecedented […]

We cannot repeat it often enough: corrections such as those we are seeing today are an inevitable part of investing. The average correction, the kind that we experience each year, is about 14%. The current fall of approx. -30% is exceptional. However, the speed at which it is happening is very exceptional. The reason, as […]