Igor Kuchma

Coronavirus is back on track with rising cases in the U.S., Germany, and China. Beijing, China’s capital, reimposed a travel ban to stop new coronavirus infections. Nevertheless, global stock markets seem to ignore the risk. Investors truly believe the economic rebound is around the corner, whilst a record percentage of money managers see the stock […]

Despite all the efforts on behalf of the Fed, the stock market is still a roller coaster. After three weeks of gains, the stock market was clearly overheated. As a result, we saw a new wave of selling, with the Volatility Index rising back to 47%. One of the possible explanations could be the fact […]

Zero-interest rates for the next 3 years? The moment we all have been waiting for has finally arrived – the Nasdaq 100 surged to a new intraday record. The vast majority of US stocks, meanwhile, have rebounded over 40% from their March lows. Thus, the pessimistic forecast hasn’t panned out – even analysts have stopped […]

Tech companies continue to push stock markets back to new highs but it makes them an easy target for governments. This year alone, Alphabet (Google), Amazon, Apple, Facebook, and Microsoft, have already announced 19 acquisitions. On the other hand, it can be also damaging for small companies, as tech giants risk stopping new companies from […]

This year ahead, we are in damage control mode. People are cutting all expenses to the minimum, meaning we are going to see a massive drop in consumer demand for the next 12 months. On a year to date basis only 2 sectors are showing positive growth – Tech (+5,26%) and Communication Services (+0,15%). Top […]

Cold war 2.0? Despite certain negativity, European Macroeconomic data has exceeded expectations, with industrial production decreasing by 12,9% in March vs 13,6% expected. Seasonally adjusted GDP decreased by 3.8% in the euro area and by 3.3% in the EU during the first quarter of 2020, compared with the previous quarter. The number of employed persons, […]

One more time, markets have changed places – North American side closed with gains, whilst the good part of European and Asian Indexes finished the week losing positions.  In particular, S&P 500 gained 3,5%, Nasdaq Composite increased 6%, Industrial Dow Jones improved 2,56%, UX 100 Index went up by 0,59%, DAX registered a 0,39% upgrade, […]

Despite the negative macroeconomic data, markets still show surprising increases. It can be mainly contributed to the news of a gradual withdrawal of containment measures in most European countries, and most importantly in the US. As a result, the week ended DAX Index growing 3,31%, Euro Stoxx 50 Index improving 4,23%, IBEX 35 gaining 2,61%. […]

The week that changed everything Oil market This past week, we learned that oil futures can be negative, meaning people are willing to pay to avoid receiving the delivery of the black substance. Undoubtedly, in the short term, cheap oil will negatively affect energy companies. No surprise that Royal Dutch Shell has postponed final investment […]

Despite the shortness, last week was quite full of events. Big US banks reported their first-quarter results, with JPMorgan delivering slightly lower revenue than expected, and Goldman Sachs, Citigroup, and Bank of America presenting mixed results. It was more than expected, considering the fact that central banks in the US and UK cut interest rated […]