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Market Insight - September 2020

We’ve got through the easy part. Now what?

François Savary, Chief Investment Officer
Prime Partners, September 2020

We’ve got through the easy part. Now what?

If we look back on the pessimism that prevailed in the spring, summer 2020 was full of surprises for both the economy and the financial markets. Many, often dismal, forecasts proved to be entirely misplaced.

In terms of the global economy, our instincts were on the money: we observed a V-shaped economic recovery, based on the numerous consumer spending and production statistics and leading indicators (PMI indices) published.

Although we welcome such a development, we must recognise that the positive momentum that started in late spring has recently weakened, prompted by the US partially getting to grips with the COVID-19 pandemic and an upsurge in the latter in Europe and Asia.

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Prime Partners SA

Independent Wealth Manager and Multi-Family Office