USA: Socialism Light?
The United States has long been regarded as the bastion of free enterprise. Yet the US government is now taking unusual steps: not only is it supporting companies with billions in state funding, it is also buying direct stakes in publicly listed firms.
Small Caps: Anything but a Side Issue
Global equity markets remain divided: high valuations alongside consistently solid earnings and continued leadership in US technology. By contrast, the European equity market is valued significantly lower but faces rising political risks and is currently
If Only Politics Weren’t in the Way …
Over the past three months, the economic situation in the United States has turned out somewhat better than feared, while in Europe it has been somewhat worse than hoped. On this side of the Atlantic, government programmes are supporting economic
Government Crisis in France: What Does It Mean for Investors?
France is heading towards a government crisis: Prime Minister François Bayrou will seek a vote of confidence on 8 September. His political survival is considered unlikely. Are snap elections, a general strike and fresh turbulence on the financial markets
Dangerous Giants
Market concentration on US stock exchanges has reached historic highs. Just ten companies now account for almost 40 per cent of the S&P 500 Index, leaving it increasingly reliant on fewer pillars.
The Chicken Era
US trade policy is shaking the foundations of the global economic order. After a brief period of easing due to market pressure, the United States is once again using tariff threats as a deliberate tool to extort concessions – and the rest of the world is
Passive Investments: Drifting with the Tide is Dangerous
Passive investment strategies are widely seen as cost-effective and neutral – but this perception is misleading. Major index providers act as invisible fund managers, and their growing market dominance distorts capital allocation and creates systemic
Moventum App Now Available in App Stores
Advisers and private investors can now access their Moventum portfolios on the go via the new app. The application provides an overview of portfolio performance, includes a secure message inbox, and sends push notifications for important
Deceptive calm
Trade wars, Middle East conflicts, US–China rivalry, rearmament, mounting debt. And how do the stock markets react? They continue to reach new record highs – with remarkable composure. Market volatility is as low as it has been in a long time. “Quiet
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