Falling leaves

The Yen and the euro are at their lowest for several decades, there's a severe correction of cryptocurrencies - which are struggling to find the way back to a frank rise - and there are regular bloodbaths on the Nasdaq... On the stock market, no doubt, it's autumn.

While central bankers are busy managing inflation as best they can, the war in Ukraine is resuming with unprecedented violence (thus dashing hopes of a rapid end to the conflict and a return to normal supply), and the economies of the Old Continent are showing increasingly palpable signs of feverishness, aggravated by shortages and oil price rises, safe havens are becoming rare on financial markets. The economies of the Old Continent are showing increasingly palpable signs of feverishness, aggravated by shortages and increases in oil prices, and safe havens are becoming scarce in the financial markets at the moment.

The bear must be rubbing his hands while the bull is clutching as best he can at the branches of the timid rebounds. Because in the season of shimmering colors, when leaves do not fall, they turn red.

Drawing by Amandine Victor for MarketScreener