Interview «We Are Heading Into a Great Environment for Emerging Markets» Louis-Vincent Gave, co-founder and CEO of Gavekal Research, talks about the most important investment topics in the new year and reveals where he would invest now. Mark Dittli 23.12.2022
English The Collapse of FTX Made Us Relearn Basic Risk Lessons The spectacular demise of the crypto exchange has suddenly reminded us of major risk principles that were forgotten. The FTX failure is similar to the Madoff, WeWork or LTCM cases. Myret Zaki vor 56 Minuten
English «I think There Has Been Some Kind of Quiet Internal Revolt Against Xi Jinping’s Personal Rule» Beijing abruptly lifts the Zero-Covid policy and takes a more business-friendly course. What is behind these surprising moves? How do they impact the economic outlook for the Middle Kingdom? And what does it mean for investors? To find out, The Market spoke with China expert Anne Stevenson-Yang. Christoph Gisiger vor 3 Stunden
English Look Out Below Due to the liquidity glut from central banks, the stock market has rushed far ahead of economic growth. High inflation and rising interest rates are now bringing valuations back to a more sustainable basis - with ugly consequences for equity prices. Charles Biderman vor 2 Stunden
English BREIT: A Canary in the Coalmine? Higher interest rates are changing the environment for real estate investments. The recent turmoil surrounding Blackstone’s BREIT highlights the looming risks of private funds. Investment strategies must be adapted to new market conditions. Zoltan Szelyes 17.01.2023
Interview «Japan Is Perhaps the Most Important Risk in the World» Speculation is mounting that the Bank of Japan is losing control of the bond market. Jim Grant, editor of «Grant’s Interest Rate Observer», believes this could trigger a shock to the global financial system. He also explains why he expects further surges in inflation and why gold should be part of your portfolio. Christoph Gisiger vor 4 Stunden
Interview «Japan Is Perhaps the Most Important Risk in the World» Speculation is mounting that the Bank of Japan is losing control of the bond market. Jim Grant, editor of «Grant’s Interest Rate Observer», believes this could trigger a shock to the global financial system. He also explains why he expects further surges in inflation and why gold should be part of your portfolio. Christoph Gisiger vor 2 Stunden
Interview «The Best Time in Many Years to Buy Asian And Emerging Market Equities» Christopher Wood, Global Head of Equity Strategy for Jefferies in Hong Kong, sees a strong recovery in China and a looming recession in the US. He explains how investors should position themselves in this challenging environment. Mark Dittli 20.01.2023
Interview «Our Business is Much More Resistant to Economic Fluctuations» Holcim CEO Jan Jenisch explains why the cement business is less cyclical today, why the valuation of Holcim's shares remains depressed, and how long he intends to stay at the helm of the company. Giorgio Müller ✉ vor 3 Stunden
English Why Banks Merge Less, And Partner More Regulatory pressure is driving the search for alliances that complement product offerings at little risk and reasonable cost. This pragmatic approach is helping Swiss finance to achieve a soft turnaround in the era post Swiss banking secrecy. Myret Zaki vor 50 Minuten
Interview «The Most Important Question Is Whether We’re Going to Have Stagflation» The benign environment of low interest rates is a bygone era, thinks Howard Marks, co-chairman of Oaktree Capital. In an in-depth interview, the legendary investor explains why he expects a fundamental shift in the market environment, what that means for your portfolio, and what he considers the worst sin in investing. Christoph Gisiger ✉ 30.01.2023
Interview «Are You Bullish on China? Then Buy Brazil» Rajiv Jain, Founder and CIO of Florida-based investment boutique GQG Partners, shares his best investment ideas and says why the derating in the tech sector is not over yet. Mark Dittli 10.02.2023
President Lagarde and the ECB Since taking the helm of the European Central Bank, Madame Lagarde had to deal with a set of rolling crises. Her communication skills with financial markets still need to improve. Stefan Gerlach 14.02.2023
English «I’m not Sure Speculation Is Gone» Jim Chanos, president and founder of Chanos & Company, believes the level of silliness and speculation seen in 2020 and 2021 marked an important moment for valuations. He talks about the biggest fraud which is hiding in plain sight and why he believes Tesla has a long way to go down. Gregor Mast vor 4 Stunden
Meinung The SNB’s exposure to US stocks imports volatility The Swiss central bank has been exposed to the GAFAM (Google, Apple, Facebook, Amazon, Microsoft) for as much as 40 bn. $ at last year’s peak. Its heavy losses owe much to the volatility of the US tech sector. The SEC filings of the SNB are full of valuable information and need to be monitored. Myret Zaki vor 2 Stunden
Interview «A Number of Inflationary Forces Will Remain in Place For a Long Time» William White, former chief economist of the Bank for International Settlements, sees several reasons why structural inflationary pressures remain high – and why central banks face an almost insurmountable task. Mark Dittli vor 2 Stunden
Interview «The Fed Will Continue to Hike Even if Things Break» Macroeconomic developments are dominating the financial markets. In an in-depth interview, economist Megan Greene talks about the outlook for the US and Europe, what’s next for inflation and interest rates, and which underestimated risks should be on investors’ radar. Christoph Gisiger 03.03.2023
Meinung European ESG Regulation Overshoots the Mark Regulation does not equal progress. The miss-effect of the European Sustainable Finance Disclosure Regulation shows what should determine the future of regulation in Switzerland: materiality. Philipp Aeby 09.03.2023
English «European Equities Still Have Plenty of Upside Potential» Peter Perkins, market strategist at research boutique MRB Partners, says in an interview how he sees the outlook for the global economy and why he likes eurozone and emerging market equities. Sandro Rosa vor 3 Stunden
Interview «The Window Is Closing Fast on the Fed» The crisis in the banking sector is rattling the world. Marko Papic, Partner and Chief Strategist at Clocktower Group, talks about the consequences for the markets, the dilemma facing the Federal Reserve and attractive investments in uncertain times. Christoph Gisiger 17.03.2023
«The Only Winner in This Deal is UBS» Jim Bianco, founder and President of Bianco Research, shares his take on the Credit Suisse takeover, the banking crisis in the US and the implications for the financial markets. Christoph Gisiger 20.03.2023
«The Only Winner in This Deal is UBS» Jim Bianco, founder and President of Bianco Research, shares his take on the Credit Suisse takeover, the banking crisis in the US and the implications for the financial markets. Christoph Gisiger vor 3 Stunden
English «Commodities are the only attractively valued asset class» Legendary investor and author Jim Rogers says why he expects massively higher interest rates in the medium term and explains which assets are still cheap and why he is worried about the Swiss franc. Sandro Rosa vor 16 Minuten
Will Silicon Valley Bank Change Monetary Policy? The rapid rate hikes of the past twelve months expose the fragilities in the financial system. Silicon Valley Bank is only the first victim; others will follow. Difficult times lie ahead for monetary policy. Stefan Gerlach vor 4 Minuten
English The Cost of Ignoring the Shadow Banking System Credit Suisse had high capital ratios, but it didn’t help because it was exposed to the shadow banking system. Hence its failure and that of regulators, who chose to ignore the elephant in the room. Myret Zaki 23.03.2023