Site Search

Fed Minutes show greater confidence about jobs and inflation, still not sure what the neutral rate is, so they cut rates anyway, NFP next week will define Dec meeting which is 50/50 at mom for markets, anything goes. Markets : U.S will continue to favour Thech dominance, Musk, AI etc etc, China seems to be catching up, while Europe is stuck in the mud for years to come, unless they go (fast) the Draghi way.. >>> EURJPY breaking down, EURCHF hardly even seems to catch a bid (for long), EURUSD 1.05 big area, let's see what NFP and FED do in Dec (EU data is very poor no matter how you slice it. Equity markets may struggle a little into Dec, all about momentum, which almost everyone sees as bullish into Dec (beware if consensus gets a reason to shift view!!) Bessent suggests countries get sorted into 3 tiers and that tariffs function similar to sanctions. You play nice, you get lower tariffs. You buy Russian oil, you get higher tariffs. Trump's Trade chief advocates strategic decoupling from China, Mexican President Claudia Sheinbaum suggested that Mexico could retaliate with tariffs of its own, overall Trudeau has already spoken to Trump and so has the Mexican leader, regarding border check..... Greece 5y bonds cheaper than France's 5y, Bund/OAT new highs again Walmart, the nation's largest private employer, rolls back DEI under pressure Asked whether President Trump will alter the trajectory of American oil production, ExxonMobil head of upstream says: “Radical change is unlikely.” >>> ''drill, baby, drill mode doesn't seem all that likely Rapidly depleting gas reserves and looming supply cuts from Moscow have the makings of a fresh energy crisis for Europe Trump’s pick for U.S. Treasurer largest position - on 4th Nov? Gold "I think we're in a long-term bull market in Gold. We're seeing reserve accumulation by CBs. I follow it closely. It's my biggest position. Even I was surprised when Poland said they want to take their Gold reserves to 20%." California plan excludes Tesla from new EV tax credits, governor's office says Relax Germany’s debt brake, says Angela Merkel, says the person who introduced them into constitution 56% of Americans think stock prices will trade higher over the next 12 months, the most in history /Conference Board Macron expects the Barnier government to fall New Zealand's central bank cut rates for a third time in four months on Wednesday and flagged more substantial easing, including a likely half percentage point reduction in February, as inflation moderated to around the bank's target Live updates: Israel-Hezbollah ceasefire takes effect in Lebanon, war in Gaza | CNN Israel-Hezbollah permanent ceasefire has been accepted, Biden says Live updates: Ukraine-Russia war, US allows Kyiv to make long-range missile strikes into Russia | CNN Trudeau Panics Amid Trump's Massive Tariff Threat, Calls Emergency Meeting That didn't take long Relax Germany’s debt brake, says Angela Merkel Fed Minutes Show Greater Confidence About Jobs and Inflation Trump taps Jamieson Greer as US trade representative as ramps up tariff plans | Reuters Mexico vows tit-for-tat tariffs against Trump ‘until we put at risk common businesses’ | Fortune New Zealand cuts rates by 50 bps, flags further easing | Reuters « Le gouvernement va tomber » : Macron s’attend à une chute de Barnier - Le Parisien Walmart pulls back on DEI efforts, removes some LBGTQ merchandise Michael Pettis on X: "1/14 It is hard to pick up a newspaper in China without seeing exhortations to increase consumption and assurances that consumption is inexorably rising, but while there is the occasional reference to the difficulty of... https://t.co/37Il24vsWj " / X modest proposal on X: "Bessent suggests countries get sorted into 3 tiers and that tariffs function similar to sanctions. You play nice, you get lower tariffs. You buy Russian oil, you get higher tariffs. Also suggests creating bonds for NATO and other allies to buy to prefund our defense of them. https://t.co/pZTGIaA5hd " / X Starmer declares Britain ‘simply isn’t working’ and unveils plan to slash benefits bill | The Independent >>> this can't go on for much longer... While unemployment stands at almost 1.5 million, economic inactivity has also soared to more than nine million, with 2.8 million people out of work due to long-term sickness – a major driver of the rise in joblessness since the pandemic. Europe energy crisis: natural gas prices jump as Russia cut looms | Fortune Let's hope not !! Norsk Hydro Pulls Plug on Green Hydrogen and Battery Projects - Bloomberg California plan excludes Tesla from new EV tax credits, governor's office says

Trump starts his negotiations ! Plenty of time to hear counteroffers ! he does as most government do, negotiate, though he loves doing it for everyone to know and see. To Canada and Mexico, in an effort to force them to crack down on illegal immigration and drug smuggling into the US, to China until the government there blocks smuggling of the synthetic opioid fentanyl from the country Trump Treasury Secretary pick Scott Bessent spoke on "Capital Allocators" podcast the day before the US election / Podcast below Markets : MXN weakened approx 2% overnight, which is nothing compared to 2016 when it weakened 10%, USDCAD well above 1.40+ now, the arrival of Bessent though hit the 'debasement' trade a little (Gold, BTC etc) OIL MARKET: JPMorgan releases quite a bearish view of the oil market for the next couple of years. The bank sees Brent averaging ~$73 a barrel next year and $61 in 2026. “Crucially, these forecasts assume that OPEC+ stays put at current production levels,” SNB's Schlegel also echoed previous remarks that the SNB doesn’t exclude taking borrowing costs negative again if necessary Joe Lonsdale / States and cities are hiding trillions in debt through accounting tricks that would land private sector CEOs in jail. Time to expose the scandal / Thread MicroStrategy spends $5.4 billion buying another 55,000 bitcoins Japan PM Ishiba calls on businesses for big wage rises next year Marine Le Pen might be about to wreck the eurozone. France’s far-right presidential hopeful is threatening to cause economic and political turmoil by toppling Michel Barnier’s young government UK stocks are set to outpace their European peers, according to some of Wall Street’s biggest institutions, with the London market seen as better placed to weather the fallout from Donald Trump’s tariff Trump threatens China, Mexico and Canada with new tariffs Joe Lonsdale on X: "1/ States and cities are hiding trillions in debt through accounting tricks that would land private sector CEOs in jail. Time to expose the scandal. To stop crony leaders from hiding massive debts, the incoming administration might fix our misguided govt accounting standards." / X Trump Treasury Secretary pick Scott Bessent spoke on "Capital Allocators" podcast the day before the US election. During this interview he stated the following: " I think we're in a long-term bull market in Gold.  We're seeing reserve accumulation by Central Banks. I follow it closely. It's my biggest position. Even I was surprised when the Central Bank of Poland said they want to take their Gold reserves to 20%. " Scott Bessent - Macro Maven - Capital Allocators – Inside the Institutional Investment Industry - Apple Podcasts #GOLD #XAUUSD Gold Telegraph ⚡ on X: "IS THE UNITED STATES CONSIDERING A GOLD-BACKED TREASURY INSTRUMENT? 🇺🇸 Some interesting coincidences... “We are going to have to have some kind of a grand global economic reordering.” Scott Bessent, the incoming Treasury Secretary, is stepping into the spotlight to manage the https://t.co/LUFphhhRfb " / X Japan PM Ishiba calls on businesses for big wage rises next year | Reuters Swiss central banker wants to boost equity to head off risks - SWI swissinfo.ch Seven lessons from the November 2024 Swiss referendums - SWI swissinfo.ch Marine Le Pen might be about to wreck the eurozone – POLITICO Citigroup slashes promotions to overhaul bank Anton Gerashchenko on X: "I recommend reading through. The overall picture is very telling. ‼️ Bankruptcies, losses, and optimization of the largest and most important enterprises and banks are happening in Russia. In 2025, Russians will face a new series of losses and bankruptcies. The reason is not https://t.co/79I6cT8RLQ " / X MicroStrategy spends $5.4 billion buying another 55,000 bitcoins Jersey Mike's gets an $8 billion boost. What's next? Japan's Shikoku Bank: Controversial Seppuku Pledge May Have Just Been Historical | the deep dive

Trump's new Treasury Secretary Scott Bessent: "We are going to decide whether we are going to grow our way out of this debt burden, and I think we can, through deregulation, energy independence & dominance in the US, and a growth mindset. I feel very strongly that this is the last chance to grow ourselves out of this." >>>> He will need more than business as usual to accomplish his goals. Deficits less than 3% of GDP? We are at 8% or more now (and 3% GDP growth and 3mio more barrels of crude daily) That will mean some HUGE cuts and lots of growth, overall reaction as expected, ie most important thing SUPRESS vol (MOVE index in particular), policies are overall disinflationary, tariffs threat are a negotiation How China Could Strike Back At Trump's Tariffs In the U.S. 40% of homes are entirely mortgage-free (similar in UK).. Homeowners are in a strong position, with the average loan-to-value ratio under 50% Japan’s $250bn stimulus plan seeks to encourage more work and spending Sharp raising of threshold before earnings are taxed is key measure in first major initiative of new Ishiba government #MSTR story is fascinating . .. "I don’t see how this is sustainable. But I’m also not smart enough to know what breaks this." U.S. Stocks see largest annual inflow in history of $448 Billion (and the year isn't over ), meanwhile Corporate Bond Spreads have dropped to the lowest level in 26 years Russia recruits hundreds of Yemeni Houthis for war against Ukraine – FT Ceasefire deal between Israel and Hezbollah is ‘very close,’ regional source says, as Lebanon death toll climbs Need any of the big houses 2025 outlooks ? let me know xTrends on X: "Trump's new Treasury Secretary Scott Bessent: "We are going to decide whether we are going to grow our way out of this debt burden, and I think we can, through deregulation, energy independence & dominance in the US, and a growth mindset. I feel very strongly that this is the https://t.co/aCDFdAzjjz " / X Trump's national security pick: I'm on same page as Jake Sullivan about 'our adversaries' - POLITICO Lutnick’s Cantor in Talks With Tether About Bitcoin Lending Program (USDT) - Bloomberg Japan’s $250bn stimulus plan seeks to encourage more work and spending Janet Yellen exiting office, leaving mess behind for Trump team Elections have consequences - especially in 2024 Rachel Reeves needs to be able to sell her borrowing to the market CBI boss to warn Budget tax rises will ‘hit growth’ among UK firms | The Independent Russia's inflation is so bad that people are stealing butter Russia fires commander for false claims about progress of war in Ukraine, military bloggers say Ceasefire deal between Israel and Hezbollah is ‘very close,’ regional source says, as Lebanon death toll climbs Seven lessons from the November 2024 Swiss referendums - SWI swissinfo.ch Far-right candidate takes shock lead in Romania presidential election How China Could Strike Back At Trump's Tariffs '' America's industries, including defense, outsourced tens of thousands of key parts to China during the past 20 years. US manufacturers don't produce capacitors, accumulators, pumps, compressors, switching equipment and other essential equipment for US electrical utilities.'' The Kobeissi Letter on X: "Everyone is talking about, MicroStrategy, $MSTR: The stock is up more than EVERY S&P 500 component in 2024 with just $116 million in quarterly revenue. In fact, $MSTR is now up nearly TRIPLE as much as Nvidia YTD. What is MicroStrategy doing and is it a bubble? (a thread)" / X Ritholtz Wealth on X: "What is Michael Saylor Doing? "I don’t see how this is sustainable. But I’m also not smart enough to know what breaks this." https://t.co/463B7YAkJF by @michaelbatnick https://t.co/0Nior9Rkn3 " / X Gold247 Update: Creating the blueprint for digitalised gold | World Gold Council Angela Merkel on Putin, Trump and defending her legacy

ASSET MANAGEMENT Pure Value Metrics has defined unique logic in our approach to Asset Management, combining multiple factors in our search to provide long term value for our Clients. We currently have two different Portfolio offerings; firstly our classical unleveraged Long only Global Equity model (suitable for all investors), and an Equity & Precious Metals Long Short model, designed to generate double alpha (suitable for Professional and Institutional clients only). PVM Global Equity Long A Global Equity strategy focusing on quality and suitable for all investors from Retail to Institutional More PVM Global Value Opportunities Long/Short A Comprehensive Long-Short Strategy for Professional Investors More How to Invest with us Presently we only offer discretionary managed accounts with a starting Capital greater than 500k CHF (or equivalent). ​ If you would like to invest with us, express an interest in our listed offering, or for any other questions, please either use the contact button below or write to us directly at info@purevaluemetrics.com Our Investment Philosophy Investment Matrix Fundamental Design In 2015 we developed our dynamic Investment Matrix consisting of six fundamental variables, designed to identify value opportunities within Global Equities. ​ Our Investment Matrix is constructed to identify and establish sustainable value. There are many reasons why that value may also not be sustainable, such as changing consumer requirements or spending more on share buybacks than current cashflow permits, the PVM Investment Matrix reacts to these changes. Algorithmic Processes Systematic Throughout We utilize daily proprietary algorithmic screening, with a high degree of automation to analyze the global equity universe, monitor our Clients' Portfolios, and identify new opportunities. ​ Furthermore, we use algorithmic execution when buying and selling our clients' portfolios, where appropriate. Qualitative Rationale Deeper Understanding Driven by deep analysis of balance sheets and employing further levels of qualitative analysis, results in a thorough understanding of the companies we invest in. We consider factors, such as; the mix of Goodwill and Intangibles to Net Equity, tracking deviations from recognized Accounting Standards​ and taking a broader view of the global economic landscape. Robust Returns, less Risk Better Together The combination of quantitative systematic analysis, overlaid with qualitative reviews and active management within clearly defined parameters, results in an investment model which is both robust and not easy to replicate. Stable returns are achieved by taking less investment risk, at higher valuations. Investment Process We believe that an uncompromising investment process is a key component in delivering consistent returns. Consistent Systematic Valuation Analysis of Balance Sheet and Global Macro Trends PVM Investment Process

MANAGEMENT TEAM Elke Balters Compliance Officer Qualified Lawyer Read More ProCloud AG Information Technology Provider Cloud Services and Cyber Security Read More SwissComply Compliance ICS Specialising in Finma Compliance Read More Alison Lazerwitz Non Executive Director Legal & strategy advisor Read More Stephan Collet Chief Executive Officer Expert in global macro and derivative products Read More Richard-Mark Dodds CIO & Chairman Detailed knowledge of fund management portfolio construction, accounting and treasury operations management. Read More