Read our market review and find out all about our theme of the week in MyStratWeekly and its podcast with our experts Axel Botte, Aline Goupil-Raguénès and Zouhoure Bousbih.

Listen to Axel Botte's and Zouhoure Bousbih's podcast (in French only)

Topic of the week: The New Gold Rush

  • Gold prices have reached historic highs;
  • Financial conditions are determinants of short-term prices prospects;
  • However, demand, particularly from central banks, is an important determinant in the long term;
  • Since 2008, the demand for gold from central banks in emerging countries has more than doubled;
  • This reflects a willingness to diversify away from the dollar for economic and geopolitical reasons;
  • The precious yellow metal also serves as a means to circumvent international sanctions.

Market review: The return of specific risk

  • United States: growth in 4Q revised to 3.4%;
  • Global stocks up 8.8% in the 1st quarter;
  • The budget deficit weighs on the OAT spread;
  • The specific risk returns to high yield.

Axel Botte's and Zouhoure Bousbih's podcast

  • Topic of the week: 1T 2024 – Review of US Markets and Real Estate;
  • Theme: The New Gold Rush.

Chart of the week

aaii-survey-us-equities-bull-vs-bear-gap

The American Association of Individual Investors (AAII) produces a survey of market participants to gauge sentiment across financial markets.

The chart shows investor responses regarding the US equity markets. The bull vs. bear gap stands at 27.6 % indicating a high level of bullishness among US stock investors.

Excessive optimism is sometimes followed by a market correction.

Figure of the week

This represents France’s fiscal deficit as a share of GDP in 2023. Revised data came in much higher than anticipated due to a revenue shortfall of close to 20 billion euros.

 

MyStratWeekly : Market views and strategy

Download Download MyStratWeekly – April 2nd 2024
  • Axel Botte

    Axel Botte

    Head of markets strategy

  • Zouhoure Bousbih

    Zouhoure Bousbih

    Emerging countries strategist

  • Aline Goupil-Raguénès

    Aline Goupil-Raguénès

    Developed countries strategist

Podcast
Reading time : 30 min.
NEWS MARKETS
Read our market review and find out all about our theme of the week in MyStratWeekly and its podcast with our experts Axel Botte, Aline Goupil-Raguénès and Zouhoure Bousbih.
04/09/2024
Reserved for pros
Reading time : 15 min.
INSIGHTS MARKETS
Since Mr. Simsek’s appointment as Finance Minister in June 2023, Turkey has returned to orthodoxy policy, initiating a rebalancing of its economy. The sentiment towards the country has significantly improved. Fitch has upgraded Turkey’s rating by a notch to “B+” with a positive outlook. The upcoming municipal elections on March 31 will be decisive for Erdogan’s political future and for Turkey’s economic prospects.
03/26/2024
Podcast
Reading time : 30 min.
NEWS MARKETS
Read our market review and find out all about our theme of the week in MyStratWeekly and its podcast with our experts Axel Botte, Aline Goupil-Raguénès and Zouhoure Bousbih.
03/26/2024
Reserved for pros