Divided Stock Market: How the AI Infrastructure Boom is Distorting Capital Markets
The stock market is currently deeply divided. On the one hand, companies whose business models are positively associated with artificial intelligence (AI) are experiencing an unprecedented rise in valuations. On the other hand, highly profitable, high-quality...
Why Risk-Off in Bonds Still Makes Sense
The bond market is currently undergoing a rapid repricing, with velocity and momentum extending far beyond historical volatility averages. This surge in yields across G10 sovereign debt has triggered massive capital losses, even in supposedly low-risk government...
Wake-Up Call from Soaring Commodity Prices? Asset-Light Business Models in Focus
In a market environment unsettled by escalating Middle Eastern tensions and the strategic blockade of the Strait of Hormuz, institutional investors must fundamentally recalibrate their frameworks. While the beginning of the year saw a pronounced sector rotation—with...
US Dollar – yes or no?
The global monetary architecture is currently navigating one of its most volatile phases since the Second World War. In 2025, a double-digit depreciation of the US Dollar against the Euro marked a preliminary flashpoint of mounting political and fiscal uncertainty....
