Carmignac's Note

The biggest surprise in recent quarters has certainly been the resilience of the US economy.

A quality bias in equity selection appears to be the best approach to achieve asymmetry.

Uncertainty is particularly high at turning points and ebbs as a trend emerges.

By Frédéric Leroux

Diversification should be among the guiding principles for investors in 2023

Many countries in the developed world are experiencing a shortage of workers even though economic growth is expected to be low or even negative.

A convergence of structural and sociological factors means we’re entering a period of enduring inflation, similar to the 1970s.

Europe’s economy has outshone that of the United States in the past few weeks

December was emblematic of a trend that occurred throughout the year: namely, a correlated, downwards slide in both stocks and bonds