January 2019 – The continued high volatility in equity markets, which are normally buoyant in December, is attributable to a further increase in political risk. Trump's ceasefire was short-lived. The current message from the market is clear: With the increase in political tensions, the economic risks are now rising globally too. 

January 2019 – In the first half of December we warned of an imminent rise in market volatility. Volatility can increase for different reasons. On the one hand there are structural reasons: less liquidity in the markets, less monetary liquidity, geopolitical risks. On the other there are also cyclical factors like the economic slowdown. Investors who like less volatility should not dismiss equities altogether as valuations have now fallen. Instead they can adopt a more defensive approach through the greater use of equities that are less market-sensitive or by giving a greater weighting to so-called safe havens like US government bonds and gold.

October 2018 – One politician is dominating the financial markets this year like no other: US President Trump – and his trade war with major exporting nations. In order to deliver on his electoral promise to "make America great again" and improve the chances of the Republican Party emerging victorious from the midterm congressional elections on November 6, Donald Trump has gone the extra mile – but he is also risking a great deal.