Journal
June 2022
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Finally
Good Morning Ladies and Gentlemen After Wednesday’s Fed meeting, hope germinated for a temporary end to the wave of selling on the financial markets. On Thursday, the tender plant of this budding hope was destroyed by the interest rate hike by the Swiss National Bank. Falling Financial Markets Few people are happy about falling financial […]
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Peak Pessimism
Good Morning Ladies and Gentlemen How much pessimism is priced in? If only I knew, you might think. So do I! I do not know if the market is clean, the crash is over, and a less volatile period lies ahead of us; however, one thing I know is that fear is not of great […]
May 2022
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Stefan’s weekly Special Edition on Incrementum’s iconic report
Good Morning Ladies and Gentlemen Last week my partners Ronni and Mark, together with their team of roughly 20 people, published the latest version of the annual iconic Incrementum «In Gold We Trust» report. The enormous work of the team culminated again in a comprehensive, easy to understand and highly entertaining report. You may download the […]
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Market Crash across Asset Classes
Good Morning Ladies and Gentlemen Since the beginning of the year, almost all asset classes have been deeply in the red. By spreading investments across different asset classes, investors can usually spread their risks. Unfortunately, this does not seem to be working correctly at the moment. DAX: -12.94%, Euro Stoxx 50: -15.13%, SMI: -10.27%; Nasdaq: […]