Author's Contributions
Market Update: “Bond shock”
Interest rates are rising, the US midterms are approaching, and concentration risk is growing in the stock markets. Despite potential setbacks, however, the outlook for the fall stock market is positive. Read more in this discretionary portfolio management update from Gerald Stadlbauer.
Market-Update: “I am the house now”
The fixed-income markets are coming under increasing pressure: in the US, yields on long-term government bonds have risen to multi-year highs, whilst US Treasury Secretary Scott Bessent is attempting to take countermeasures in the bond market. You can find out more about the current market assessment in our blog post.
Market Update: In Between the AI Boom and Geopolitical Risks
Geopolitical tensions, monetary policy decisions, and the AI investment boom shaped the first six months of the year. Here’s an overview of the key developments. from Gerald Stadlbauer, Head of Discretionary Portfolio Management.
Discretionary Portfolio Management Update: Spring awakening
Despite geopolitical tensions and rising inflation, the capital markets are proving resilient. Good US corporate earnings are supporting this trend. In this Discretionary Portfolio Management update, Gerald Stadlbauer explains why a balanced, risk-conscious investment strategy remains important.
Market update: All eyes on the Middle East
The Iran war is not only affecting global supply chains, but is also increasing inflation risks worldwide. In today’s market update from Gerald Stadlbauer, Head of Discretionary Portfolio Management, you can find out which points are crucial now and how DPM is positioning itself in this environment.
Market update: “Business as usual”
The new year has so far continued in the same vein: there has been a flood of news on the markets, while the stock markets remain robust, undeterred by the perceived high level of uncertainty. In recent weeks, events have been dominated by the appointment of the future US Federal Reserve chairman and price turbulence in gold and silver.
Market update: “Boom or Bust?“
The hype surrounding artificial intelligence continues to shape the markets and ensure sustained momentum. Nvidia in particular is impressing with strong results. At the same time, there are positive signals from the political arena. You can read more about the current market situation in the latest update from Gerald Stadlbauer, Head of Asset Management.
Between the gold rush and AI hype: what can we expect on the home stretch of 2025?
The investment year is gradually approaching the home straight. And 2025 will be remembered in many ways: From the upheavals surrounding Liberation Day to the ongoing AI rally and the sharp rise in the price of gold. Gerald Stadlbauer, Head of Discretionary Portfolio Management, analyzes what the final quarter of 2025 could bring.
Between uncertainty and stability – a half-year full of contrasts
The stock market has been dominated by geopolitical tensions and trade disputes so far this year. Despite this, the markets have proven surprisingly resilient. However, the environment remains challenging, which is why a balanced and broadly diversified portfolio is crucial right now. Read more in the latest market commentary by Gerald Stadlbauer, Head of Discretionary Portfolio Management.
Trump 2.0 – The first 100 days lie behind us
Following the tariffs shock and the accompanying market turmoil, the deferral of said tariffs has led to a surprisingly rapid upturn on the equity markets. That being said, uncertainty remains high, even though the US reporting season has been positive so far. Read more in the market commentary by Gerald Stadlbauer, Head of Discretionary Portfolio Management.
Trump on fire!
Donald Trump is getting serious and imposing temporary tariffs on his major trading partners. He is also escalating the war in Ukraine and increasing the pressure on Europe, which will hopefully soon be galvanized into unity with a new German Bundestag.
Autumn on the stock markets will be anything but boring
Election campaign, interest rate turnaround, sluggish growth in Europe – there should be no sign of autumn fatigue on the stock markets. What will the coming (and certainly exciting) weeks bring for the markets and how can investors prepare for them?
Animal Spirits – Excessively positive sentiment on the markets?
The stock markets performed consistently well in the first quarter of the current year. From the USA to Europe and Japan, many indices reached new all-time highs. In view of this positive performance, can we already speak of exaggerated euphoria on the markets?
Market outlook: What investors can expect in 2024
2023 brought many surprises – including positive ones, such as the unexpectedly good performance across all asset classes. What can investors expect in the new year and which topics could come into focus? Gerald Stadlbauer, Head of Discretionary Portfolio Management, provides an outlook.
Market commentary: Is the interest rate peak reached?
“Higher for longer” has become the mantra of the powerful central bankers in recent months. Monetary policy is likely to remain restrictive longer than originally expected. Regardless of whether the major central banks will follow up with a final interest rate step in autumn, the interest rate peak has probably been reached and “the worst” is behind us.
Robust economy despite recent turbulences
Despite the recent turmoil in the banking sector, both companies and the global economy are currently proving to be extremely robust. Read more about the current market environment in the commentary by Gerald Stadlbauer, Head of Discretionary Portfolio Management at Erste AM.
Market commentary: What will the new year 2023 bring?
In the past year, numerous trouble spots preoccupied the markets. In his market commentary, Gerald Stadlbauer, Head of Discretionary Portfolio Management, gives an outlook on what 2023 might bring.
Good nerves and stamina required
The mood on the capital markets has deteriorated further over the last months. In a comprehensive market update, Gerald Stadlbauer, Head of Discretionary Portfolio Management at Erste Asset Management, explains why stamina is needed in the current situation.