Category: Daily Instagraph

This year, the performance of US stocks has been driven by an unusually small number of stocks as only 30% of the S&P 500 have outperformed the index year-to-date. Remarkably, this is the second consecutive year with such a low percentage. This 2 years pattern has previously been seen only during the Internet bubble. Historically, … Continued

Last week, French stocks dropped 6.2%, erasing all their gains for the year. Meanwhile, the US ‘Magnificent 7’ stocks surged 4.8%, achieving five consecutive all-time highs. President Emmanuel Macron’s announcement to dissolve the National Assembly, following a significant defeat in the European elections, widened the OAT-Bund spread. This political turmoil stems from France’s high twin … Continued

As Tesla shareholders approved Elon Musk’s $56 billion compensation package yesterday, our attention turns to the primary concern of the average US consumer, which will drive the US economy forward. Inflation of everyday goods remains the top worry, cited by 84% of respondents in a large survey conducted at the beginning of May. This is … Continued

The headline US CPI for May came in lower than expected at a stunning 0% month-on-month. While inflation remains above the Fed’s 2% target, the trend toward slower inflation has resumed. The Fed nevertheless maintained its policy rate at 5.25-5.5%, a 23-year high. The median projection from its dot plot now shows only one rate … Continued

To catch up with rivals in the booming AI market, Apple unveiled its new AI platform at the company’s Worldwide Developers Conference on Monday. This announcement led to a 7.26% surge in its share price, adding over 200 billion USD to its market value in a single day—equivalent to four times the market value of … Continued

In late December last year, financial markets anticipated 6-7 interest rate cuts by the Federal Reserve in 2024. US Fed Funds futures projected a drop in interest rates from 5.33% to 3.83% for the year. However, half a year later, these expectations have shifted dramatically. The market now predicts only 1-2 cuts, with the Fed … Continued

Writing from the small Grand-Duchy, a hub for many European institutions and acutely aware of the benefits we owe to the European Union in terms of wealth creation and peace post-WWII, I must express my concerns regarding the rise of the extreme right in the European elections across France, Germany, Belgium, Italy, and Austria. Financial … Continued

There are no significant updates regarding the valuation of major equity markets. The US market remains highly valued both in historical context and compared to other markets. The MSCI World Index is similarly highly valued, largely due to its over 70% weighting in US stocks. Other markets continue to trade within their long-term valuation ranges. … Continued

Since 1928, the first 15 days of July have consistently been the best two-week trading period of the year for US equities, according to Scott Rubner, Goldman’s Global Markets Division Managing Director as reported by Bloomberg. While the reasons for this pattern are speculative, one possible explanation is that both retail and institutional investors increase … Continued

European beverage stocks faced significant challenges in the stock market over the past year, experiencing declines of 20% to 40%. Several fundamental factors contributed to this downturn, such as the potential imposition of Chinese tariffs on brandy and declining spirit volumes in the US. Additionally, companies like Diageo faced internal issues. As a result, spirits … Continued