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Carlsquare weekly market letter: Banks and gold remain in focus

Read the weekly letter here:

Carlsquare Weekly market letter

  • The debt ceiling debate in the US is taking its toll on sentiment. But to be honest, from a trading perspective, not much has changed in the market since last week, even with important news such as the Fed meeting and the US employment figures. Indices are stuck in consolidation, and we are waiting for a release.
  • In the meantime, let’s focus on the banks, as the recent leg down may have created some opportunity.
  • Gold is also seeing a resurgence as investors seek protection from inflation and macro risks.
  • Despite a low valuation, including a dividend yield of 5.8%, Swedbank’s share price is not rising. However, it is finding support as shown in the chart below.


The information in this presentation is based on what the publisher, Carlsquare, believes to be reliable sources. However, we cannot guarantee its content. Nothing in the presentation should be construed as a recommendation or solicitation to invest in any financial instrument, option, or the like. Opinions and conclusions expressed in the presentation are for the recipient’s use only. The contents may not be copied, reproduced, quoted, or distributed to anyone else. Carlsquare shall not be liable for any loss arising from any decision taken based on the information contained in this presentation. Past performance should not be taken as an indication of future results. Changes in foreign exchange rates may affect the value, price or income of an investment made abroad or in a foreign currency.

The analysis is not directed at U.S. Persons (as that term is defined in Regulation S under the United States Securities Act and interpreted in the United States Investment Companies Act of 1940), nor may it be distributed to such persons. The analysis is not intended for natural or legal persons where the distribution of the analysis to such persons would involve or entail a risk of violation of Swedish or foreign laws or regulations.

Carlsquare weekly market letter: Banks and gold remain in focus