Daniel Pechon

Trading rooms have changed a great deal since the golden boys of the 1980s and 2000s. Today, the atmosphere is more subdued, dominated by electronic access and automated orders. The veterans of this era, immortalised in films such as "Wall Street", "The Wolf of Wall…

David Ross, CFA, LFDE's emblematic American manager, was not wrong. At the end of 2024, he warned that the market would be going through some difficult times at the start of the year. The key to investment will lie in prudence over the next few…

"In the fog and rumours of the market, you have to be able to distinguish the true from the false" In his regular presentation at the beginning of May, Christopher Dembik, Investment Strategy Adviser at Pictet AM, gave an analysis of the economic data, with…

Will 2025 be any different? Is this the year of PSG? asks David Kruk, Head of the Trading Desk at LFDE, in his monthly update. PSG has never won the Champions League, and Europe has rarely topped the league tables for stock market performance on…

The speed of the change in the markets' mood is impressive, from blissful optimism in the wake of Donald Trump's election to profound pessimism at the beginning of March. Penalised by the fall of the Magnificent Seven, exactly 25 years after the dotcom bubble began…

But still no catch-up!  Despite a positive performance of 8.3% in the first two months of the year, the MSCI Europe Smid Cap Index (small and mid caps) was unable to narrow the underperformance gap with the MSCI Europe Large Cap Index (large caps) (+11.4%).…

Turning a cold shoulder to the US market remains a bad idea. For any attentive investor, the outperformance of US equities against European equities has been massive for years. The statistics don’t lie. With the exception of 2017 and 2022, US equities have systematically outperformed…

David Kruk (Head of trading desk) is a trader at LFDE. In constant communication with operators, at the heart of the markets, he regularly provides us with his thoughts and summaries. Here are those from the start of the year. The New York stock market…

Investing in commodities has been somewhat unpopular in recent years, despite their undeniable diversification qualities (correlation 0.30 with S&P 500). Gold, at an all-time high, could be the wake-up call for other precious and industrial metals. The need for technological sovereignty, independence, and the transition…