November Market Review
The month of November ended with significant increases in all markets: Trump’s election as President of the United States was a major boost for the U.S. stock market, though it didn’t have the same impact on other indices. Could potential new tariffs have something to do with this? Another “Trump effect” was the sharp rise […]
October Market Review
October ended with slight declines in all markets. After the gains seen in September, the market took a breather. • S&P 500: -0.99%• Nasdaq: -0.85%• Stoxx Europe: -3.35%• All Country World Index EUR: +0.92%[1]• Global Fixed Income Index EUR: -0.65% The market was in a kind of “tense calm,” awaiting the U.S. elections in November, […]
September Market Review
A good month in September with most major financial assets in positive territory, except for Europe. • S&P 500: +2.02%• Nasdaq: +2.48%• Stoxx Europe: -0.41%• All Country World Index EUR: +1.68%• Global Fixed Income Index EUR: +0.87% Why did Europe end in negative territory? The sector that fell the most was healthcare, which represents 17% […]
August Market Review
August ended on a positive note after a stumble at the beginning of the month, which I will explain below.• S&P500: +2.28%• Nasdaq: +1.10%• Stoxx Europe: +1.33%• All Country World Index EUR: +0.24%• Global Fixed Income Index EUR: +0.07% It is often thought that August is a calm month because everyone is on vacation, but […]
July Market Commentary
On July 30, all the indices we monitor were negative except for the Stoxx Europe and the fixed income index, but on July 31, they rose so sharply that they ended in positive territory. Therefore, a last-minute relief. What happened to make the markets end positive at the last minute? The FED came to the […]
June Market Review
We continue with the same line of the past months in equities, with rises in the main indices, and with some exceptions such as the European market. Stocks linked to technology and specifically to the semiconductor sector experienced rises of between 10% and 30%, as is the case of the software company Broadcom. In the […]
May Market Review
Another good month for the market, with a large part of the equity indices rising thanks, for the umpteenth time, to technology companies and specifically Nvidia, which rose by 26.9%. Fixed income also joined the party due to the fall in yields (price increases) of bonds at a global level. Referring to the latter two […]
April Market Review
In the month of April, both equities and fixed income at a global level suffered losses. In the case of equities, this was a brake on the upward trend since the beginning of the year, and in the case of fixed income, which was torn between losses and gains, it finally succumbed and ended up […]
March Market Review
March closes a quarter of equity rallies and a flat quarter for global fixed income. The reasons are the same as we have seen for the past few months. Optimism in view of lower interest rates In November last year Jerome Powell, chairman of the FED (US central bank), said that there would be no […]
February Market Review
An exciting February for equities and not so much for fixed income.– S&P 500: +5.17%. – MSCI Emerging Markets +4.8%. – Stoxx 600 Europe: 1.84%. – Bloomberg Global Aggregate (global fixed income index): -0,88% Why is this? It must be that human beings are naturally optimistic or have a free downside insurance called a central […]