July did not break the trend, it tested its depth. After a record-setting first half, global markets entered a phase of quiet recalibration. The S&P 500 edged slightly higher, with leadership rotating out of mega-cap tech and into laggards such as utilities and industrials.
November interrupted the year’s steady advance, not with a decisive shift in fundamentals but with a bout of volatility that exposed the market’s growing sensitivity to policy expectations and valuation.
MBaer Merchant Bank does not consider itself a traditional private bank. However, founder Michael Bär sometimes remembers the principles of his great-grandfather. This approach clearly appeals to many in the banking industry.
MBaer Merchant Bank AG is pleased to announce a new collaboration with the China Construction Bank Corporation (CCB) as a custodian for the RQFII/QFII program.
Europe's gas and power concerns have been fading recently, driven by a fortuitous combination of a mild winter and lower demand for energy. This is good news. But the current gas prices are not low and Europe's gas supply remains fragile. Elevated energy prices are a significant contributor to inflation and a large drag on European growth for this year, at least.
The expression "there are three kinds of lies: lies, damned lies, and statistics" has been around almost as long as the word statistics (first coined in 1770, for those wondering). The overall picture does not always look right, even when statistics are carefully checked and correctly reported.
