Macro & Markets

NVIDIA HEIDELBERG MATERIALS US EQUITIES Lost in wonder lands : Stock market disruption and creative destruction This week's earning reports from two heavyweights in information technology, Salesforce, the third-largest business software...

WALMART AIRBUS US EQUITIES Walmart: Every day low price With $713 billion in revenue in 2025, reported on February 19, 2026, Walmart's revenue has just been surpassed by Amazon, which...

CATERPILLAR SIEMENS ENERGY US EQUITIES Caterpillar is firing on all cylinders Since the beginning of the year, and over the last five days, Caterpillar has posted the best and second-best...

WALL STREET, MAIN STREET, AND FINANCIAL LEVERAGE SAP AND THE SOFTWARE BEAR MARKET US EQUITIES Wall Street, Main Street, and financial leverage This week, three sources of concern that...

MACROECONOMIC OUTLOOK The geo-economic context of 2026 appears to be shaping up as a continuation of 2025. It will still be heavily influenced by the...

Since the beginning of the year, stock market index have continued to rise in the wake of 2025, driven by high nominal global economic...

LVMH EUROPEAN EQUITIES LVMH, “2026 will not be easy...” ‘2026 will not be easy,’ warns Bernard Arnault, striking a cautious tone during the presentation of the group's annual results,...

PHARMACEUTICAL SECTOR BAYER US EQUITIES Are investors beginning to re‑embrace the pharmaceutical sector? Since the tariff threats at the end of July 2025, and even more so since the announcement...