Asset allocation

Stay on the field and don't go offside

Against the backdrop of increasingly stringent measures to contain the Covid-19 virus in Europe and the USA, a significant slump in economic activity is to be expected, at least in the coming weeks, combined with considerable losses in sales and earnings in many companies. This leads to massive distortions, especially in the equity and credit markets. [...]

Asset allocation

Recession is unavoidable but policymakers seek damage contro: is it time to buy?

The outlook for the global economy has changed dramatically over the past few days following announcements of total or partial quarantine of the population by governments in Europe and the United States. It is quite possible that these measures will be further strengthened in the coming days. [...].

Asset allocation

A spike of uncertainty

The global economic outlook has darkened considerably in recent weeks. Although the spread of the coronavirus seems to be slowing in China, business activity there has dropped even more than expected.

Asset allocation

Caution and patience needed in the short term

Could the coronavirus epidemic severely dampen the sentiment that at the beginning of the year was decidedly more optimistic as regards to a stabilization of the world economy?