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Market Insight - July 2020

Consolidation in June in an “exceptional” quarter for equities!

François Savary, Chief Investment Officer
Prime Partners SA,  July 2020

Consolidation in June in an “exceptional” quarter for equities!

In essence, the general situation has not changed over the past few weeks.

On the economic front, the signs of recovery remain in place, endorsing our view of a sharp upturn in activity in the second half. As for economic policy, monetary authorities and governments are holding firm on providing unwavering support. And lastly, the health crisis: even though COVID-19 seems to be under control, the resurgence of infections in some regions, especially the US, demonstrates that this phase of the pandemic is not over yet.

Nevertheless, risk assets suffered weeks of increased fluctuation in June, after two months of steady gains.

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Prime Partners SA

Independent Wealth Manager and Multi-Family Office