Silver still undervalued against gold despite price rally
Upcoming Fed interest rate cuts are countered by weaker seasonality
Political concerns weigh on French government bonds again
Horizon Handout September
S&P 500 (still) immune to high punitive tariffs
Berenberg once again successful signatory to the UK Stewardship Code
US stock market has caught up, but only in local currency
Unstoppable government debt
The supporting factors of recent weeks are gradually fading
Horizon Handout August
