Global businesses offer natural hedges against currency swings. As euro-based investors, it’s natural to worry about exchange rates, especially when investing in dollar-denominated assets. A key concern we often hear is: What happens if the US dollar weakens? Will this erode returns from US equities?

Anche se stressante, la volatilità azionaria e i ribassi intra-annuali sono sorprendentemente comuni. Dal 1980, l'indice S&P 500 ha registrato in media un calo intra-annuale di circa il 14%, con ribassi individuali che raggiungono fino al 40%. Questo aiuta a mettere in prospettiva le recenti dinamiche del mercato azionario.

Shielded by NATO’s safety assurances and the US’s defence umbrella, Europe has long been lulled into a false sense of security. However, Russia’s encroachment on Europe’s borders and a polarising presidency across the Atlantic have finally forced the Old Continent to wake up from its decade-long slumber. It is a rude awakening, one that calls for strategic investment, bold action, and serious commitment.