Kategorie: Market updates by Fabrizio
Nowadays, economists and investors spend considerable time tracking inflation, debating purchasing power, and worrying about affordability. These three concepts are deeply connected, frequently confused, and, much like football tactics, widely discussed with varying levels of genuine understanding. In the US, where economic data releases can move markets more reliably than Cagliari Calcio games generate excitement, […]
For years, betting on Japanese assets felt a bit like supporting Cagliari Calcio: admirable loyalty, questionable timing, and a long history of heartbreak. Perennially overshadowed by bigger, flashier rivals, both Cagliari and the Japan financial markets became symbols of battles few expected to win. The so-called “widow maker” trade (i.e. shorting Japanese bonds in anticipation […]
While I have eventually proved wrong on prospects of gold in the short term (“gold’s rise could very well continue—albeit at a less frenetic pace—in the coming months”), I was right -but perhaps too conservative– concerning Cagliari Calcio as it thrashed Verona 4-0 on Saturday -with some spectacular and beautiful goals, and now sits 11 […]
Right now, there are two things that are shining brightly, continuing to climb to new heights, leaving us wondering how far they can go: gold, of course, which has just experienced its strongest weekly increase (+8.5%) since 2008, reaching a new record high of over $5,000 an ounce… and Cagliari Calcio, which has just secured […]
It is not only on the geopolitical front, with Iran, Venezuela or Greenland issues; or in the US domestic political arena with Trump’s incessant statements, threats and gyrations on Fed’s independence -among many others-; or on the US stock market, with the uninterrupted YTD outperformance of small caps and the underperformance of the Mag7, that […]
Happy New Year and best wishes for a healthy and prosperous 2026! The first full week of trading on markets was already eventful… Should we have expected something else? Ironically, we are generally dealing with the same questions and concerns at the beginning of this year as we were last year. As a result, my […]
This is my last weekly letter of the year. So, it’s time to step back and look at how I scored on my 10 predictions for 2025. Even if the year isn’t officially over yet, we can already affirm that it has been an incredible eventful and fascinating year on markets (once again!), which have […]
For once, the title of my editorial has nothing to do with Cagliari’s incredible victory over Roma last week or the supernatural goal scored against Atlanta yesterday… but rather with what is happening on the US repo market and the concerns this seems to be raising within the Fed. As widely expected, the Fed cut […]
Welcome to December! Celebrations are coming… According to the seasonality patterns, you have nothing to fear anymore for the next few weeks since the Santa Rally will now take care of bringing your portfolios accumulated YTD returns, included an additional last mile boost, directly under your Christmas Tree. For that, you just need to believe […]
Much like Cagliari Calcio, firmly stuck in the same league position, global markets also seem determined to go nowhere fast. This weekend’s Cagliari–Genoa match was the perfect metaphor for global markets: indecisive, breathless, and full of twists, yet ultimately going… nowhere. Nothing collapses, nothing soars, everything drifts in a macro fog where everyone seems to […]
And there you have it, Italy was served a cold pizza -with pineapple on it- by hungry Vikings from Norway last night: final score 1-4. Now, there’s a strange uncertainty hanging over the participation of the Azzurri to next World Cup… Will Italy be there? No one knows but this last defeat and the past […]
