Momentum risk premium is one of the most important alternative risk premia. Since it is considered a market anomaly, it is not always well understood. Many publications on this topic are therefore based on backtesting and empirical results. However, some academic studies have developed a theoretical framework that allows us to understand the behavior of such strategies.

"Today income investors should explore opportunities across a broader range of asset classes in an effort to avoid the low yield trap."

"We expect the volatility on bonds generated by the Catalonia crisis to be short lived."

Donald Trump should announce in the coming weeks his choice for the post of chair of the Board of Governors. Because of the recent resignations of Daniel Tarullo and Stanley Fischer, the President has the power to reshuffle greatly and for long the FOMC composition. However, the lack of fiscal room of maneuver does not argue for a radical change of the monetary policy and for a rapid rise of the fed funds.

"The prospects for the German economy will not change dramatically, although there will be a moderate fiscal stimulus."