"The ongoing expansionary phase of profit cycle likely to last in 2018-19 in US and Europe while in Japan seems more mature with some signal of “fatigue” for 2019."

"We may witness a somewhat unusual state of affairs over the next few days, a sort of “technical government” of no parliamentary extraction, subject to a political contract."

"Despite electoral rhetoric a government M5S-League can not easily and explicitly depart from three key principles: Euro, Eurozone, Nato."

"Core fixed income allocation, usually comprising high-quality government and corporate bonds, has played a relevant role in diversified portfolios over the last few decades."

"Two events pushed down Eurozone sovereign spreads in 2017: the French presidential election in April & May, which dissipated investors’ fears about  Eurosceptic movements, and the announcement on 26 October of a smaller-than-expected reduction in ECB’s QE for 2018 (monthly purchases lowered from € 60 bn to €30bn)."