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Strength in the Economy, Fragility in Market Breadth – Where Investors Should Look Next

A weakening labour market, stable inflation expectations, and increasing political pressure suggest that the Federal Reserve (Fed) will make a decisive policy shift at its upcoming September meeting, explains Jörg Held, Head of Portfolio Management at ETHENEA Independent Investors S.A. An interest rate cut appears inevitable

Uncertainty continues to shape the ECB’s policy outlook. While the phase of rapid rate cuts appears to be over, internal divisions and persistent inflation risks are complicating decisions. With a data-driven approach, the ECB is keeping all options open for the months ahead.

Current inflation models may soon be outdated. The widespread adoption of AI could unleash a new force—making the seemingly impossible prospect of perpetual growth a reality.

Record investments just to stay in the game: the AI industry isn’t even attempting the balancing act between growth and profitability. The question of when investments will be monetized is being pushed into the future.

It is a race against time when a baby elephant loses its mother. Sadly, in Africa, this is not uncommon – drought, poaching, and conflict with humans threaten the survival of many young animals.