Make America Great Again – with side effects
“Make America Great Again” has sent gold and the Chinese equity market soaring.
Investment compass – October 2025
The monthly publication includes a topical editorial, our positioning including the conclusions from the analyses, a market overview of the most important asset classes, an assessment of the current economic situation in various regions, and our current model portfolios.
Uncertainty rarely leads to strength.
Positioning
Golden times
The financial markets remained in optimistic mood last month. However, we’re keeping our cautious positioning in light of the challenging economic and political climate.
Market overview
Financial markets remain largely untroubled
The euphoria on the equity markets continues. There’s also little uncertainty on the bond markets, with the high price of gold the only indication of doubt among investors.
Economy
Global economy still fragile
The global economy remains fragile. Signs of recovery are failing to take hold, while higher inflation is limiting monetary policy options.
Model portfolios
Profit-taking on the Chinese equity market
After a sustained period of optimism, new tensions between the USA and China are dampening the mood. We’re taking advantage of the positive market environment until now to take profits in China.
“Investing with foresight” short video
In our video, our CIO provides an update on the current situation on the financial markets and explains events in just a few minutes.
Newsletter
Investment compassInformation relevant to your investment decisions. The “PostFinance market view”, complete with our position on and assessment of the financial markets and the overall economic situation.
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