Anthony Bondain

Strange times

These are not fun times. Under the veneer of macroeconomic stats that, while deteriorating, are not so bad, we can clearly see that a lot of things are going wrong behind the scenes. Without government support, the situation would be much more complicated. Hence this rather curious atmosphere.

September 07, 2022 at 07:18 pm

Finding the tipping point

Today is a busy day for investors, with public speeches by central bankers, important economic statistics and several earnings reports from large companies. Yesterday, Wall Street suffered at the end of the session, divided between the continuation of an opportunistic rebound, disappointing economic data in China and, to a lesser extent, in the United States.

May 17, 2022 at 05:29 pm

Should you buy on the cannons?

Investors are regaining their appetite for risk by buying stocks in the hope of a ceasefire in Ukraine, after a round of talks described as positive yesterday by both sides. In general, one should "buy on the cannons, sell on the trumpets". But the old stock market adage is struggling to find its place in the current context.

March 30, 2022 at 04:00 pm

The glass is half-full

Green continues to dominate equity markets, more concerned with post-correction buybacks than with cautionary signals from some parts of the economy. So today, I propose to confront some arguments in a list that includes Margareth Thatcher, the Fed, Beijing, Ukraine and an anvil.

March 29, 2022 at 04:14 pm

Wall Street opens lower as investors worry about Ukraine and stagflation

Wall Street starts in the red, hampered by tech giants as investors weigh the consequences of the Fed's hawkish turn and the effects of the Russian-Ukrainian crisis.

March 23, 2022 at 06:13 pm

Bulls are back

The (good) results published by companies, coupled with an ambitious outlook, have contributed to making investors forget their troubles after a failed start to the year. In other words, profits have taken precedence over inflationary fears, less generous monetary policies and tensions in Eastern Europe. Between Alphabet's results last night and the meeting of two of Europe's central banks tomorrow, I offer a collection of financial stereotypes in times of stock market tension.

February 02, 2022 at 05:51 pm

Today on Wall Street: Need help?

Wall Street fell back yesterday, especially technology stocks, while waiting for the US central bank's verdict on its monetary policy this evening. Europe held up better and is heading for a good opening this morning, after the results of Microsoft or Texas Instruments. But volatility remains high and the content of the Fed's speech this evening will be of great importance for the financial world.

January 26, 2022 at 06:13 pm

On your marks...

The year starts with a new wave of coronavirus, stock market indices at their highest and investors who pretend to be cautious but are still hot on the inside. The fear of missing out (FOMO) and the lack of an investment more exciting than stocks (TINA) still look stronger than Covid and inflation fears.

January 03, 2022 at 05:16 pm

Today on Wall Street: Backlash

Wednesday's excellent reception of a more austere monetary policy by the Fed was reversed yesterday in the United States, via technology stocks. While investors are balancing between too much inflation and a return to monetary orthodoxy, other asset classes are shaking without breaking their recent limits. The dollar is down a bit, gold is up a tad and bond yields are stagnant.

December 17, 2021 at 05:08 pm

Today on Wall Street: The Fed cannot stop Covid

Wall Street was subdued at the start of the Thanksgiving week. Technology stocks lost ground yesterday after setting records at the end of last week. However, this should be put into perspective as the broad S&P500 index only lost 0.3%.

November 23, 2021 at 04:52 pm

Today on Wall Street: Trading is the new online gambling

Wall Street experienced a small slump yesterday and it seems that the return of fears about inflation is to blame. This year, perhaps more than in any other, stock markets are operating with a remarkable insouciance that allows them to continue their relentless march forward.

November 18, 2021 at 05:33 pm

Game of Tesla

Asking Elon Musk to speak at a meeting of Volkswagen executives is a bit like Doug McMillon calling Jeff Bezos to come and galvanise executives by explaining why Amazon is dominating Walmart online. But that's what happened last week. Herbert Diess invited Elon Musk to interact remotely, which the Tesla boss agreed to do.

October 22, 2021 at 12:15 pm

Today on Wall Street: A date with you know who

Experts see two pivotal moments in the coming weeks for financial markets: Jerome Powell's speech at the Jackson Hole symposium today and the Fed's next monetary policy decision on September 22. So here we are on the day of the first deadline, which is supposed to pave the way for the second.

August 27, 2021 at 03:43 pm

Today on Wall Street: Employment and realpolitik in America

The monthly employment report in the United States, due at 08:30 am ET, will probably set the course of indexes for this session. It remains to be seen how it will be interpreted, since too strong a figure would make the wolves howl at a premature change in monetary policy. Stocks continued to trade in relatively tight bounds, with the exception of some Nasdaq stocks that turned a more outright shade of red.

June 04, 2021 at 11:56 am

At Boeing, stock buybacks are blurring the reality

Boeing had probably the worst year in its history in 2019. At least in its recent history. And it's probably not over yet. The company has managed the B737 MAX crisis in a catastrophic way. And obviously, also, the industrialization of the aircraft, according to the first elements that emerge from current surveys - without giving excessive credit to the "good phrases" of employees recently published by Congress. In the end, its shareholders have only suffered moderately from the situation, thanks to a questionable policy of share buybacks.

January 15, 2020 at 06:36 pm

Billionaire-owned companies do better

Listed companies controlled by billionaires have had stock market performance almost twice as better as the average over the past 15 years, according to data analyzed by UBS and PwC in the sixth annual version of their "Billionaires Report", the first of which addresses this subject. The "Billionaire Report" identified 2101 ultra-rich countries in 43 countries in the Americas, Europe, Africa, Middle East and Asia Pacific regions.

November 08, 2019 at 05:31 pm

A selection of British stocks to play the Brexit game

If Brexit was a song, it would be the Clash's "Should I stay or should I go" or the Beatles' "Hello Goodbye". But what if it was wallet? Liberum had a go at answering this question, and it is quite natural since the broker was born in the heart of the British capital.

October 16, 2019 at 06:26 pm

Luxury: Hong Kong could cost the sector up to 1.2% growth

What will be the impact of the persistent unrest in Hong Kong on the luxury industry? About 0.6 to 1.2% on the growth of the sector in 2019 if the turmoil persists by the end of the year, according to Bernstein's projections. It also cites the key players who will, from its point of view, be the most and least affected.

October 11, 2019 at 05:23 pm

Should shareholders have less power?

Is focusing on yields to shareholders the ultimate objective of a company? For the most powerful organization of American CEOs, the answer was yes, until August 2019. But since last week, the Business Roundtable has decided to put "customers, employees, suppliers, communities and shareholders" on the same level. For the time being, this declaration is symbolic, but it signals a change in the entrepreneurial culture of major American groups.

August 28, 2019 at 05:36 pm

The ECB switches to a "very accommodating" monetary policy

With three months to go before Mario Draghi's term as head of the ECB comes to an end, the central bank had an appointment on July 25 for what is undoubtedly one of the most uncertain meetings in several quarters. The economic slowdown in Europe and the mess resulting from the trade war started by the Donald Trump are redistributing cards again. So much so that the institution is forced to react vigorously.

July 25, 2019 at 05:55 pm

Panic in the semiconductors sector

The US de-listing of Huawei raises the much larger issue of the smartphone industry's supply chain. Widely exposed to China, its web is extremely complex. If retaliation measures escalate, paralysis areas would be numerous and problematic, primarily for both sides but also for the rest of the economy.

May 22, 2019 at 05:39 pm