The Fed left interest rates unchanged at yesterday's meeting. They amount to 5,25-5,5%. and remain the highest in twenty-two years. It is still unclear whether the cycle of price increases has ended. Strong growth [...]

The history of conflicts and their impact on stock markets shows statistically that either the stock markets rose immediately when the conflict broke out, or they rose after the first negative reaction, as in the case of the outbreak of the war in Ukraine. NO [...]

The German yield curve hit its most inverted level since 1992. This means that the yield on short-term bonds was higher than on long-term bonds. This state of affairs [...]

There will be no room for maneuver on the bond market in the current quarter. What was considered a safe investment last year has now become too risky due to the fact that concerns about inflation and optimism about [...]