The earnings of US mega caps are rising, but so are their valuations
US economy surprises positively. Inflation more persistent after all?
Are the looser financial conditions preventing quick interest rate cuts?
The bi-weekly Monitor gives you a structured overview of the current capital market environment and highlights important developments.
2023 vs. 2022: mean-reversion dominates the picture, except for gold
Latest rate move pulverises rise in yields since the beginning of the year
Historic: DAX with third-highest November return since 1959
Equity markets cannot celebrate economic disappointments forever
Shift in narrative in markets
Only commodities price geopolitical tensions
Attractiveness of US equities has declined compared to bonds
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