Igor Kuchma

Last week the US finally saw unemployment claims falling more than expected. Despite the fact that declines in jobless claims are not a useful benchmark as to whether the labor markets have returned to normal, it is still good news. But what’s more important is that COVID-19 cases also register a decrease. ISM Non-Manufacturing PMI […]

It was a historic half of the year Wuhan is once again in the center of the scandal, but this time not with coronavirus, with the counterfeit gold scandal. European markets end the week with losses, whilst ECB’s Lagarde warned of possible disinflation as coronavirus crisis transforms economy. American stocks, on the other hand, registered […]

Probably it was on the most eventful six months in modern history. The second half of the year also will not be simple as economies have to recover, but the virus has not disappeared yet. Talking about the recovery it should be mentioned that the Fed released the results of its stress tests for 2020 […]

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, […]