Monthly Review

Michele De Michelis

CDA PRESIDENT AND CHIEF INVESTMENT OFFICER

2025

June 2025

Financial markets remain surprisingly calm in the face of extreme geopolitical events: investor rationality or systemic manipulation?

May 2025

Markets rebound, but global economic uncertainty persists amid political twists, downgraded forecasts, and signs of cooling.

April 2025

March 2025

Economic Turbulence: Between U.S. Debt and Global Strategies, What’s Next for the Markets?

February 2025

Uncertainty Between Tariffs, Markets, and Geopolitics: An Analysis of Global Eco.

January 2025

Between Hopes and Risks: The Impact of Trump's Second Term on Financial Markets.

DISCLAIMER
This section of the site provides general macroeconomic information that represents Frame's opinion, based on public information sources.
Their validity may be limited in time. This disclaimer applies to all instances published.

2024

October 2024

Analysis of financial trends and economic policies, with a focus on market reactions and economic forecasts following the post-election period in the United States.

September 2024

Resilience of Financial Markets Despite Geopolitical Uncertainties: The S&P 500 Rally and Future Challenges.

August 2024

The stock market quickly rebounds after the August crash, but sector rotation and uncertainties about interest rates increase volatility. Caution in investments is advised amid global crises and politics.

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July 2024

If it were true that the U.S. economy is weakening and the Fed is already late in cutting rates, these market multiples would be somewhat stretched, and the correction could therefore continue, especially among the Big Tech companies.

June 2024

Personally, I would wait before popping the champagne bottles, considering that the landing of the U.S. economy is comparable to that of an overweight Boeing, which could lead to

May 2024

Many managers of publicly traded companies, in an effort to maintain profit margins, have anticipated cost cuts in the near future, which will inevitably impact the labor market.

April 2024

I believe that in this context, long-short equity managers may come back into fashion, as they are performing very well in this strange 2024, after years of significant difficulties when passive investments dominated.

March 2024

The curious thing is that it's not just equities that are rising. Gold, silver, and oil are also appreciating significantly, supported by factors that are usually at odds with each other.

February 2024

In 2023, the index was driven solely by the "Magnificent Seven." Since the beginning of the year, the leading stocks have narrowed down to four, although it would be more accurate to say two, as Meta and Nvidia have delivered impressive results.

January 2024

Caution in the Market: High Expectations for the Fed and Inflation Risk

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Michele De Michelis

2025