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 […]
January Market Review
We started 2024 with the optimism we experienced during the last two months of 2023, i.e. the possibility of central banks lowering rates during this year. Global equity indices rose, except those of emerging countries, dragged down by the poor performance of China due to the disastrous situation of the real estate market. Global fixed-income […]