July 2025
Trump’s $3.3 trillion bill reshapes US taxes, defence spending, and the trajectory of national debt. Europe faces its own squeeze as repayment obligations mount. Bitcoin hits fresh record highs, further strengthening its role in diversified investment portfolios.
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June 2025
June has confirmed a return to a high‑tension geopolitical context, while central banks continue on divergent strategies. Against this backdrop, gold is consolidating, energy prices are rising, and real assets are regaining a central role in portfolio construction.
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May 2025
May was marked by a renewed surge in global market volatility, with significant implications for Switzerland and alternative assets. The Swiss franc soared, bond yields fell back into negative territory, and concerns over U.S. debt resurfaced.
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