Investment Strategy
06/01/2023

The negative factors that impacted the markets in 2022 appear to be waning.
Of course we will not extrapolate the signs of easing near the end of the year to the very tense geopolitical front. We nevertheless note a more constructive tone between the United States and China at the last G20 summit.
Furthermore, the question of the opening of peace talks between Russia and Ukraine is now in the communication of all parties.
For the markets, the main easing point was US inflation, with the first signs of a deceleration seen in November, which triggered a sharp rise in equities and bonds.