Market Flash - ENG

In this episode: Equity markets have posted an impressive rebound, driven by the temporary easing of U.S.-China tariffs, strategic agreements signed by Trump in the Middle East, and strong technical positioning, with buying flows from systematic funds and retail investors. The market is pricing in a highly optimistic scenario, with volatility at its lowest levels and compressed credit spreads. How...

In this episode: April marked by record volatility: The Nasdaq 100 rebounded from a 15% drawdown in just a few weeks, while bonds, currencies, and commodities experienced exceptional swings. Trading desks benefited from this environment, whereas traditional asset managers struggled. Macro signals remain mixed: Although some indicators normalized after "Liberation Day," the overall picture remains...

In this episode: Financial markets are searching for a new balance after one of the most volatile periods in recent decades. U.S. indices have dropped over 20% from their yearly highs before a partial rebound, while the Dollar Index has hit a three-year low and gold has surged nearly 30% year-to-date, confirming its role as a safe haven asset. Tariff tensions are fueling global uncertainty : the U...

In this episode:   The first quarter of the year closes with strong market turbulence, influenced by geopolitical events and new U.S. tariff policies. After a brief normalization, U.S. indices have resumed their decline. Europe is also down. The introduction of new tariffs by the Trump administration is already having negative effects on the real economy . The most affected sectors include automot...

In this episode:   The Standard & Poor’s 500 and Nasdaq-100 indices have undergone a significant correction, declining by 10% and 15%, respectively. While such movements are not unusual in market history, the speed of the downturn and the weakness of the Magnificent 7 have caught investors off guard. Rising macroeconomic and geopolitical uncertainty has increased the probability of a U.S. rece...

In this episode: The U.S. economy is showing signs of weakness, with declines in consumer confidence, retail sales, and the housing sector. Gold is outperforming, while AI stocks face corrections—Nvidia dropped 7.7% after its quarterly results, signaling increased volatility. Europe continues to outperform the U.S., supported by capital inflows and signs of economic recovery. In Germany, Merz is p...

In this episode: The Eurostoxx 50 has recorded a significant rise (+13% since December), outperforming the S&P 500 thanks to a broader and more diversified rally across sectors and stocks, supported by high trading volumes. However, liquidity remains a critical issue, especially for mid and small caps. The Mag7 are underperforming due to massive investments in artificial intelligence. The Tech...

In this episode: After months of passive outflows in the US, investors are rediscovering the European market. The Eurostoxx50 has had one of the best starts to the year in history, with broad-based gains. Macro and systematic funds, previously short on Europe, are now moderately overweight, while single-stock volatility is creating opportunities for stock pickers. The announcement of DeepSeek in C...

In this episode:   Europe breaks out of a prolonged sideways phase, with the Eurostoxx 50 nearing historic highs and outperforming the S&P 500, marking one of the strongest starts in the past 20 years. The luxury sector is driving the rally, supported by high levels of short positions.   In the United States, the "Mag7" are now weighing down the indices, with Apple and Nvidia experiencing sign...

In this episode: 2024 concluded with impressive performances for the S&P 500, which gained over +60% in two years. However, leadership remained concentrated, and the equal-weight market showed significant disparity. ETFs dominated the landscape, supporting mega-cap stocks in key sectors such as Artificial Intelligence, energy transition, and demographics. Meanwhile, the dollar gained 6% agains...