An explosive bubble?

Despite the covid crisis, the stock market is again trading near all-time highs, especially the tech stocks. Valuations are rich, in particular for the NASDAQ

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Gold, dear Gold

Ray Dalio’s optimistic call has recently drawn the attention to gold in view of the strong record of this investor and of his hedge fund

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Brexit time

To the surprise of most observers the Brexit happened. The most immediate impact has been a sharp drop of the British pound which lost 11%,

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Year in review

2015 proved a tough year for investors worldwide. All asset classes suffered declines with almost no place to hide. Bonds were affected by the expectation

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