Olivier Kessler argues that the West may be experiencing a turning point, as increasing discontent with state overreach and interventionism emerges. He highlights Argentina's recent shift under Javier Milei, who advocates for deregulation and reduced government, as a potential model for Western nations seeking to reclaim individual freedoms and economic prosperity.
The Geneva-based private bank Mirabaud has faced significant upheaval, including the resignation of Yves Mirabaud from the Board of Directors amid a money laundering scandal linked to a deceased client, Robert Brockman. The bank has also discontinued its equity research and reshuffled its leadership, with Guillemot taking over as Chairman. Following sanctions from FINMA for serious violations of financial market law, Mirabaud is working to strengthen its governance and compliance measures.
A potential clash between JD Vance and Elon Musk is anticipated, with significant implications for the stock market and the future of American technology. Vance opposes big tech and advocates for decentralization, while Musk supports a technopolitical merger with government, reflecting a broader ideological battle in the post-Trump era. The outcome could reshape the dominance of tech giants and influence equity markets, particularly the Nasdaq.
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