Monthly Comment July 2021
2021-08-01
In July, markets have focused on the spread of the delta variant of Covid-19. However, the number of people in need of intensive care remains low, which indicates that the vaccinations are effective. Instead, the reporting period for the second quarter has dictated the mood of financial markets.
Monthly Comment March 2021
2021-04-01
In March, stock markets were mostly up. The Stockholm Stock Exchange was one of the best performing markets, driven by strong gains for cyclical companies and as well as banks. The long-term interest rate in the US continued to rise...
Monthly Comment February 2021
2021-03-01
February started off with relatively strong stock markets. The hysteria surrounding Gamestop and other shorted companies subsided and hopes of an increased vaccination rate contributed to the optimism. However, towards the middle of the month, the markets turned...
Monthly Comment January 2021
2021-02-01
2021 started off relatively strong with rising stock markets. In the US, the Democrats managed to get a majority both in the House of Representatives and the Senate, the latter through Vice President Kamala Harris's tiebreaking vote. Financial markets reacted positively...
Annual Letter 2020
2021-01-29
We are putting a difficult year behind us with major movements in the financial markets as a result of Covid-19. A pandemic that has caused great suffering, resulted in massive monetary and fiscal measures and is likely to lead to new patterns of behaviour. Investor focus has also been on the US presidential election, investments in sustainability and the dominant position of the tech companies, amongst others.