About a month ago, oil prices broke the $100 mark, and the prospect of a resurgence in inflation sowed doubt among investors and put equity markets under heavy pressure. In just a few weeks punctuated by incessant and contradictory presidential comments, while the ceasefire appeared temporary and the Strait of Hormuz remained blocked, those doubts appear distant. Major U.S. indices are at record highs. There is certainly some excess in recent market behaviour, and while the recent past and the signals sent by companies argue for staying invested (which we have), caution and some doubts about EPS trends also call for greater selectivity and thinking twice at more asymmetric solutions or option strategies to add more robustness to portfolios. The markets aren’t completely irrational! We are discussing these topics in our latest newsletter.
EN
