Insights

The greenback is caught between tactical shifts and structural anchoring.

For over a decade, the S&P 500’s net income growth has outpaced Europe’s Stoxx 600. But signs of change are emerging beneath the surface.

The monthly Investment Traffic Lights provide a detailed market analysis and our view on developments in the main asset classes. 

Governments are increasingly prioritizing resilience over efficiency, with far-reaching consequences for markets and companies

The euro may need fresh impetus from Europe to gain further momentum

Europe's limited defense capabilities may remain so for some time. This is not a comforting realization, but it means funds could be flowing into the defense sector for a long time.