September 2024 – Markets & Convictions
We present here a different perspective on the impact of rising sovereign debt since 2008/09 and the response of our…
June 2024 – Markets & Convictions
Since the beginning of the year, the major stock indices have shown strong performances despite geopolitical and…
March 2024 – Markets & Convictions
Since the rebound at the end of October 2023, the upward trend on the stock markets has continued. This trend began…
December / January 2024 – Markets & Convictions
In 2023, the stock market experienced a rapid and widespread rebound as interest rates began to sharply decline in…
October 2023 – Markets & Convictions
The stock indices show signs of fatigue with divergent performances. The recent acts of terrorism sadly remind us that…
September 2023 – Markets & Convictions
Equity markets have rebounded strongly, driven not by earnings growth but by the expansion of multiples. At the same…
Energy Transition with W. Smith & M. Fernley, Volta (Hedge Fund)
RJ Management has been building a strong conviction in energies since 2020. This initially took the form of positions…
July 2023 – Markets & Convictions
The stock markets have displayed significant divergence since the beginning of the year, with a notable outperformance…
May 2023 – Markets & Convictions
Stock markets are holding up despite the bank failures in the United States. Equity investors seem to be ignoring the…
March / April 2023 – Markets & Convictions
The recent decline of American and Swiss banks, SVB and Credit Suisse, highlights the potential impact of rising…
February 2023 – Markets & Convictions
Mr. Powell's press conference following the recent FED rate hike was certainly one of the strangest in many years. The…
January 2023 – Markets & Convictions
Equity markets ended the year 2022 largely in the red: S&P500 -19.44% / Nasdaq -32.97% / Europe Stoxx600 -12.9% /…
