Articles written by James Macpherson

  • Notz Stucki Investment Conference Notes 09 01 2018 by James Macpherson, Jan 10 2018

    Notz Stucki Investment Conference Notes Most financial markets were strong in 2017, adding to what has been a strong decade. This begs the question of how long it can continue. Since the crisis only commodities have performed poorly. Equities have continued to defy the sceptics, in particular the US, and within that market technology has […] read more

  • Investment Outlook Q4 2017 by James Macpherson, Oct 6 2017

    Notz Stucki has just released its investment outlook for the last quarter of 2017. Contrary to predictions at the start of the year, when it was expected that they would have to contend with rising interest rates, markets have been strong this year. Moreover one of the main hopes on President Trump’s election was that […] read more

  • Investment Outlook Q3 2017 by James Macpherson, Jul 6 2017

    Notz Stucki has just released its investment outlook for the third quarter of 2017. “The reduction of interest rates below their natural levels has poisoned the river at its source, and nobody knows whether the water is fit to drink.” Jonathan Ruffer   The markets performed well in the second quarter propelled by the reassuring election […] read more

  • Notz Stucki Investment Conference – Notes 27 06 2017 by James Macpherson, Jun 29 2017

    So far this year the optimists have been proven right, as stock markets have advanced steadily. This is supported by evidence that the world economy is in better shape, and is in a more predictable and sustainable condition than it has been for ten years. While this has been increasingly evident in economic statistics over […] read more

  • Notz Stucki Investment Meeting – Notes 11 04 2017 by James Macpherson, Apr 12 2017

    Over the past year world economic growth has been stronger than expected, for several reasons. First China’s growth has been solid. Instead of imploding the industrial side of the economy bounced back in 2016 in response to the policy measures of a year ago. Growth in China may fade a bit this year as the […] read more

  • Investment Outlook Q2 2017 by James Macpherson, Apr 6 2017

    Notz Stucki has just released its investment outlook for the second quarter of 2017. The first quarter was considerably calmer than that of 2016. On the political front the Dutch election was won by the sitting Prime Minister, which marked a break of a string of losses by incumbents in recent major elections. With predictions for […] read more

  • Notz Stucki January 2017 investment conference in Geneva : notes by James Macpherson, Jan 16 2017

    On the occasion of its semi-annual Investment Conference in Geneva held on January 10th, 2017, Notz Stucki welcomed the following guest speakers: Jeffrey Saut, Chief Investment Strategist & Managing Director, Equity Research, Raymond James Louis-Vincent Gave, Chief Executive Officer, Gavekal Christian Kopf, Director of Economic Research and Investment Strategy, Spinnaker Capital Group Juerg Nagel, Partner, Member of the Management Board, Head […] read more

  • Notz Stucki Investment Meeting – Notes 11 10 2016 by James Macpherson, Oct 13 2016

    Please see the latest notes from our investment meeting held in Geneva last Tuesday: Notz Stucki Investment Meeting – October 2016   read more

  • Investment Outlook Q4 2016 by James Macpherson, Oct 7 2016

    Notz Stucki has just released its investment outlook for the last quarter of 2016. Please click here to download the document. read more

  • Investment Outlook Q3 2016 by James Macpherson, Jul 25 2016

    Notz Stucki has just released its investment outlook for the third quarter of 2016. Please click here to download the document. read more