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SEPTEMBER COMMENT 2024 - TRICKLE-DOWN EFFECT WITH FISCAL LEVERAGE

Newsletter nr. 9 - September 2024

SEPTEMBER COMMENT 2024 - TRICKLE-DOWN EFFECT WITH FISCAL LEVERAGE 1
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2 September 2024

On financial markets, the summer fears have subsided. The S&P, the world’s leading index, is close to its historical highs reached on July 16th (+17% since the beginning of the year). In Europe, the Eurostoxx50 (+10%) has recovered more than 11% from the low of August 5th and is not far from the March and July highs: it needs to rise another 10% to reach the absolute peak touched in 2000. The usually  [...]

SEPTEMBER COMMENT 2024 - TRICKLE-DOWN EFFECT WITH FISCAL LEVERAGE