After a rather dull day on Monday, kept afloat by the hopes placed in the ambitious economic stimulus plan of the American government, Tuesday’s meeting did not bring much more momentum. The markets are starting to level off, divided between anticipation of a gradual improvement in the health situation coupled with a return to normal economic activity and fears of sequelae that are much more difficult to heal over time despite the massive aid committed.
In Switzerland, in a market slightly trending upwards, notably thanks to Lonza, whose strategic readjustments appeal to investors, AMS suffered considerably. The Austrian sensor manufacturer listed on the Swiss stock exchange, one of whose main clients is Apple, fell 6% yesterday despite 2020 results considered solid.
Too high expectations and a more difficult current quarter were enough to alert equity holders and trigger significant profit taking. Finally, Bitcoin has resumed its magical march forward, going beyond the 46,000 dollars, well helped by the boss of Tesla. The latter is a great supporter of a parallel world out of the control of the States and the central banks which manage the currency and the economy, which is perfectly similar to the philosophy of virtual currency. Soon a single Bitcoin will be enough to buy a Tesla, entry level, or even better!
Laurent Genoud
Wealth management – Friborg
026 350 74 03
–
