The US housing market is challenged in the short term, but the outlook is good

par sussland | Juin 13, 2025 | Investissement & Devises

Despite solid long-term fundamentals, the housing market is not doing well. The US housing market retains solid fundamentals. Demand for houses should continue to benefit from the population growth and the demand for larger and more modern properties in a context...

European defense companies : quantifying the opportunity

par sussland | Juin 13, 2025 | Investissement & Devises

The european defense industry has been marginal for decades as european defense spending was low. The new paradigm caused by geopolitical changes will lead to sustainable and predictable growth for the companies in this sector. Investors must not overlook the...

UBS will not leave Switzerland

par sussland | Juin 13, 2025 | Investissement & Devises

We do not believe that the speculation around UBS leaving Switzerland are based in facts. After the demise of Credit Suisse, the swiss parliament and authorities have been discussing tougher capital rules for the four swiss systemic banks. The new rules seem mostly...

THERE ARE NO ALTERNATIVES TO THE US DOLLAR

par sussland | Juin 13, 2025 | Investissement & Devises

Some analysts base their view of a weaker U.S. dollar on three points: 1)     « De-dollarization” of the world; 2)     Trump wants a weaker USD to stimulate exports; 3)     The U.S. trade balance implies a weaker dollar. We consider these arguments to be incorrect....

The pain threshold

par sussland | Juin 13, 2025 | Investissement & Devises

Time is running against the U.S. government. Indeed, with the mid-term U.S. Congress elections in less than 17 months, the situation is as follows: 1)      American companies have been quick to reduce hiring and spending due to the uncertainty relative to the tariffs,...