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Artificial Intelligence and earnings trumped rates and politics. Even though worries over possible rate cut delays by central banks, and the increasingly uncertain political and geopolitical landscape weighed down on investor sentiment, equity markets overall rose in May, led yet again by technology stocks. Interest rate setback The stickier-than-expected inflation made for yet another setback […]

Rates and geopolitics versus earnings! Following five months of positive equity market returns, April turned out to be a somewhat harder month to navigate. The hopes for fast upcoming cuts from central banks were again dashed by stickier inflation, especially in the US, leading to yet another delay in when it could be expected. At […]

What a difference a year makes! Even though stock markets performed well during the first quarter of 2023, the beginning of 2024 has been characterized by a much more ebullient mood. The dark scenarios that dominated investment banks’ strategies in early 2023 did not materialize and investors’ appetite for risk successively increased throughout the year, […]

Rhenman & Partners hires Tom Josephson as Investor Relations Director. Tom, together with Erica von Bahr (also part of the Investor Relations team), will work with investors in Sweden and internationally. Tom’s main focus will however be on Nordic investors. Tom joins Rhenman & Partners from Brummer & Partners, where he spent nearly 18 years […]

The positive momentum persisted into February, traditionally a challenging month for markets. Contrary to expectations, stock prices increased despite rising bond yields, catching many investors by surprise. Again, the US mega caps dominated trading and performance attribution with, for example, chipmaker Nvidia rallying after a stellar report to become the third company ever to reach […]

Happy New Year! January turned out to be the third consecutive month with positive stock market returns overall despite investors’ initial hesitation. After the very strong finish in 2023, with November and December delivering bumper price increases, the new year however started off on a more apprehensive note. This was due not least to the […]

What a difference a couple of months makes! After a dismal period in August through October, markets swung around completely in November and December as investor sentiment turned for the better. Following November, when positive market action was largely due to short covering, price movements in December reflected a generally increased risk willingness on behalf […]

The end of the rate hiking cycle and rallies in both equities and bonds! After three dismal months where investors fretted about rising bond yields, uncertainty over inflation and/or recession, and the geopolitical situation, sentiment positioning was at a year low at the end of October. In November, however, all these concerns seemed to dissipate […]

Rising bond yields, recession fears and war! Following a dismal performance in August and September, equity markets continued down in October with a third consecutive month of falling prices. On top of the worries of “higher for longer” bond yields and the implicit risk for the overall economy going forward, the Hamas terrorist attack against […]