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  1. Thin air, or solid rock?

    It’s been a year of surprises. And I know that some of you would like to put the strong stock market in the surprise bucket. After ten months of 2021, the S&P 500 has returned close to 25 per cent, on top of the arguably more surprising 18 per cent in 2020. Since the bottom in March 2020, total return is a cool 111 per cent. For the Norwegian benchmark index, the corresponding figure is 88 per cent.

  2. Banking on stupidity?

    It started well enough. About halfway through September, spreads on euro-denominated high-yield bonds had fallen by some 20 basis points and stock markets, while not buoyant, held up pretty well.

  3. Unusually average

    In the tug of war between economic recovery and fears of runaway inflation, August balanced out pretty well.

  4. It’s beginning to look a lot like … Goldilocks?

    What’s been moving the markets this month? If you’re expecting an itemised list of events, indicators and forecasts, I have a disappointment coming. You won’t get it here and I would claim you don’t need it.

  5. Predictions of little financial value

    June was a good month for both stocks and corporate bonds, extending the remarkable upturn since the height of the pandemic panic of last year.

  6. Wireless and incalculable

    Estimating the value of a stock isn’t always particularly straightforward. Nordic Semiconductor is a good example.

  7. The power of a declaration of contents

    The world has a long list of challenges that can only be solved through a common set of rules, alignment and cooperation between countries. The problem is that, in international politics, common rules are few and far between.

  8. No, not catching a green wave

    A long-term perspective does not necessarily imply that the return is a long time in coming. It may just happen that our fund managers make a new investment and experience a rapidly appreciating stock price from day one.

  9. FOMC minutes – or minutiae

    On May 19, the US Federal Open Market Committee released the minutes of its April 27-28 meeting. As usual, market pundits immediately dove into the 13-page document.

  10. ESG in times of SFDR and EU taxonomy

    As a dedicated ESG analyst for our fixed income fund Pareto ESG Global Corporate Bond, Nawel Boukedroun works full time to fulfil the strict requirements of the Nordic Swan Ecolabel, the Nordics’ official ecolabel. We asked her how this past year has affected her job.