Monthly Comment March 2021

In March, stock markets were mostly up. The Stockholm Stock Exchange was one of the best performing markets, driven by strong gains for cyclical companies and as well as banks. The long-term interest rate in the US continued to rise...

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Monthly Comment February 2021

February started off with relatively strong stock markets. The hysteria surrounding Gamestop and other shorted companies subsided and hopes of an increased vaccination rate contributed to the optimism. However, towards the middle of the month, the markets turned...

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Monthly Comment January 2021

2021 started off relatively strong with rising stock markets. In the US, the Democrats managed to get a majority both in the House of Representatives and the Senate, the latter through Vice President Kamala Harris's tiebreaking vote. Financial markets reacted positively...

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Annual Letter 2020

We are putting a difficult year behind us with major movements in the financial markets as a result of Covid-19. A pandemic that has caused great suffering, resulted in massive monetary and fiscal measures and is likely to lead to new patterns of behaviour. Investor focus has also been on the US presidential election, investments in sustainability and the dominant position of the tech companies, amongst others.

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Monthly Comment December 2020

In December, financial markets in general showed positive performance. The OMX30 however, declined around 2% which sums up to a rise of just under 6% for the whole of 2020.

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Monthly Comment November 2020

November can be summed up with a sharp rise in the financial markets - the SAX index in Stockholm had its best November performance since 2002 and the Dow Jones in the US its best since 1987. A combination of positive news regarding a vaccine, Biden as a winner in the US elections and more economic stimulus pushed markets upwards.

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Monthly Comment October 2020

At the beginning of October, the financial markets continued their positive trend. However, when news of a second wave of Covid-19 emerged, the mood swung and the markets turned into negative territory.

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Monthly Comment September 2020

During September, stock indices generally fell in both Europe and the US. The tech-heavy Nasdaq Index and the MSCI World Index also showed negative performance. In Sweden though, the OMX Stockholm Index finished the month in positive territory.

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