Social and News

Una gran bella giornata…per un utile scopo!

Cogliamo l’occasione per ringraziare innazitutto i partecipanti per la presenza e la generosità nelle donazioni, senza dimenticare chi si è reso disponibile per contribuire all’ottima riuscita dell’evento: GODSPEED (E)BIKES ed i Ristoranti La Serra di Pambio Noranco e Posta di Carona…al prossimo anno!

Getting close

We are approaching an important event that will shape our future for the next 4 years and beyond: U.S. presidential election.
Preparing for the 5th of November presidential race, financial markets are taking a very clear stance: Trump is very likely to win…

A favourable macro backdrop for Emerging Market Debt

The low economic growth remains supportive for emerging market issuers, the FED is expected to continue easing its policy amid declining inflation while only a moderate new bond supply in 4Q should reduce technical pressure on the market.
Default rates are likely to stay low in 2024 and 2025, which should support low volatility in emerging markets debt corporate credit spreads, thus bolstering appetite for carry in this asset class…

Nuclear: Global threat or Secular opportunity?

Our current idea is to give a look (and a chance!) at a theme that we have been studying for some time now and that is the generation of energy via alternative sources (other than solar, wind and the almost forgotten hydrogen for the wrong reasons). Back in May we advised clients to look beyond tech stocks by taking a constructive view on the theme by investing in the US utilities sector via five members of the ETF-XLU because we were convinced that the combination of falling rates…

A new strategic partnership!

We are pleased to announce a our newly formed strategic partnership with T4…

Ride and Walk edizione 2024, ready, steady…go!

Dal Corriere del Ticino…

Questa domenica, a partire dalle 9, si terrà la terza edizione dell’iniziativa che mira a raccogliere fondi a supporto di progetti scolastici in Africa – Il progetto di quest’anno è la costruzione di un edificio a Hosanna, in Etiopia…

“On inflation and duration”…again!

Recent data has convinced many investors that inflation around the World is back under control and towards the 2% target. That would make everybody happy allow central bankers to be more relaxed in their dovish stance. On the opposite side, I am firmly convinced that every time the market consensus believes that inflation is not a problem anymore it is a good time to take the other side and reduce…

French turmoil a buying opportunity?

President Emmanuel Macron’s unexpected announcement of snap elections in France has sent ripples through the European credit market, particularly affecting French government bonds and the broader sovereign debt landscape. The immediate impact was a significant sell-off in French government bonds, with the yield on 10-year French…

S for Software (…not just Semis?)

Despite being fully aware of the fact that this is one of the most controversial sectors in recent years, we cannot fail to highlight the recent dichotomy between Software and the sector we had highlighted in our previous posts as the main beneficiary of the first part of FOMO purchases linked to the AI ​​world, that is the Semis…

Hawk or Dove?

Yesterday, Ms Lagarde announced a 25bp cut in the deposit rate to 3.75%, the first cut delivered since 2019. The rate cut was supported by all but one of the ECB’s Governing Council. The statement reaffirms that the ECB will let the PEPP portfolio run off by €7.5B per month as previously indicated. All decisions were in line with consensus…