Unter Altstadt 10 - Postfach CH-6302 Zug

Tramondo Quarterly (Q4 2020)

8 October 2020

HIGHLIGHTS OF THE CURRENT EDITION

There are over 30 million COVID-19 cases worldwide, tripling the number recorded by the end of Q2 2020. Since wide-ranging lockdown measures so far have failed to materialize, investors have been largely unimpressed by these latest virus developments.

At its annual Jackson Hole meeting in August, Fed chair Powell introduced a new monetary framework called “average inflation targeting,” which allows underlying inflation measures to overshoot the well-known inflation target of 2.0% temporarily.

The virus and its sudden and devastating effects on the US real economy – with still more than 10 million citizens out of a job – forced US President Trump’s re-election efforts to break new grounds in the last couple of months.

High-frequency data, such as travel and navigation app usage, point to continued global growth during the third quarter of 2020, albeit at a more moderate pace than back in May or June.

In such an environment, we still favor an up-in-quality approach across both stocks and bonds, along with a focus on valuations relative to underlying fundamentals.

share this publication

ICH BIN AN EINEM UNVERBEINDLICHEN PORTFOLIO REVIEW INTERESSIERT

Bitte füllen Sie das untenstehende Formular aus und drücken Sie auf den ‹Senden› Knopf. 

Wir werden umgehend mit Ihnen in Kontakt treten.

Bitte füllen Sie das untenstehende Formular aus und drücken Sie auf den ‹Senden› Knopf. Wir werden umgehend mit Ihnen in Kontakt treten.

BITTE KONTAKTIEREN SIE MICH UNVERBINDLICH BETREFFEND FOLGENDER DIENSTLEISTUNG(EN)
I AM INTERESTED IN A NON-BINDING PORTFOLIO REVIEW
Please fill out the form below and press the ‘Submit’ button.
We will contact you shortly.
I AM INTERESTED IN A NON-BINDING PORTFOLIO REVIEW
Please fill out the form below and press the ‘Submit’ button.
We will contact you shortly.
Please fill in the form below and press the ‘Send’ button. We will contact you shortly.
Please contact me without obligation regarding the following service(s)