Thoughts of the Week Not a week passes without AI dominating the news. And this is normal, as many analysts have expressed the view that the impact of the AI revolution on the everyday life...

Thoughts of the Week A volatile week finished with a bang. An engineer by education, I cannot help it thinking about tipping points of unstable structures or systems. There is the amazing concept of entropy,...

Thoughts of the Week The Americans love acronyms and last year they came up with TACO: Trump Always Chickens Out. This was dubbed after a severe sell-off in US financial assets caused panic among his...

Thoughts of the Week The world is becoming increasingly more volatile and President Trump more aggressive. His first year was all about tariffs. His second year has started with a clear willingness to demonstrate power...

Thoughts of the Week Maybe we should not have chosen a casino photo for an investments related newsletter. But I will try to explain the rationale. First, some healthy gambling among friends-and-family always takes place...

Please note that this will be the last weekly newsletter until January 12th. We take the opportunity to wish our readers a warm holiday season and a healthy & prosperous New Year ! Thoughts of...

Thoughts of the Week Nobody talks about Japan, but we will. Last week the President of Japan’s central bank said that they could start increasing interest rates as inflation has, at last, stabilized at relatively high...

Thoughts of the Week November disappointed, despite the long-standing very positive seasonal pattern. But as we had mentioned in our newsletter at the dawn of this month, nothing has worked according to seasonal patterns this...

Thoughts of the Week It has been a remarkable year, primarily because of the polarization in returns among stocks and industries. In the US, everything related to AI, chips and data centers has been flying...