• Wall Street's fear barometer, the VIX index, remains at historically low levels. As a result, many stock markets have posted a double-digit performance since the beginning of the year.
• The strength of the Swiss franc endures. The US dollar has depreciated by over 6% against the Swiss franc since the beginning of the year, reaching its lowest level since 2015 in mid-July.
• Investors are now eagerly awaiting impetus from the current reporting season.

You can read about how we are positioning ourselves in this challenging environment in the current Baloise Market View.