Monthly Reports 2020 | Black Oak Family Office SA

ECONOMIC REVIEW – JANUARY 2020

Following a stellar 2019, global equities declined in January as the spread of coronavirus reduced investors’ risk appetite. As sentiment turned during the month, markets participants turned towards perceived safe havens, such as government and investment grade corporate bonds, alongside gold and currencies such as the US dollar and the Japanese yen.

ECONOMIC REVIEW – FEBRUARY 2020

Fear of a worldwide-uncontrolled spread of the coronavirus and its impact on the global growth weighed heavily on financial markets in February. Equity markets fell significantly whereas assets like government bonds, gold, the Japanese yen and the swiss franc fulfilled their safe haven role.

ECONOMIC REVIEW – AUGUST 2020

The major macroeconomic event during the month was the move of the Federal Reserve: earlier this year, the Federal Reserve cut rates to zero and launched an open-ended asset-purchasing program to support the economy through the coronavirus pandemic.

FOCUS US ELECTION - AUGUST 2020

The US are currently struggling with the Coronavirus pandemic and its impacts: it is the most affected country in the world with currently 5.5 million cases and 172’000 deaths (far more than the toll experienced in other countries).

ECONOMIC REVIEW – SEPTEMBER 2020

The month of September has been a hard month for investors with the same looming concerns.