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

MyStratWeekly – September 23rd 2025
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.
09/23/2025
Reserved for pros
Ostrum AM Perspectives September 2025
Reading time : 15 min.
INSIGHTS MARKETS
Each month we share the conclusions from the monthly strategy investment committee which provides a summary of Ostrum AM's views on the economy, strategy and markets.
09/22/2025
Reserved for pros
Will emerging markets have their independence day?
Reading time : 15 min.
INSIGHTS MARKETS
The US dollar’s decline in 2025 combined with relative lower debt levels could contribute to the economic and financial emancipation of EM countries over the coming years, say Ostrum AM’s experts.
09/18/2025
Reserved for pros