Against all odds, the beginning of 2019 has been very good for the financial markets. Shares, bonds rose between 5 and 10% depending on the indices. Oil has risen by more than 21%, zinc has gained 9%, copper 7% and even gold has appreciated by 3%. The optimism seems to be taking place on the markets despite the fact that experts are still very concerned about the economic slowdown expected in 2019. This contradiction between the evolution of financial assets and the opinion of the experts is striking. Rarely do we see experts calling for caution during rising markets. Given the volatility of the markets and the constant "noise" of the political and economic news reaching us in real time on our smartphones and tablets, the investor must take a step back. We do not buy economic cycles or politics. We buy companies with good products or services whose valuation is attractive ... Do not hesitate to contact us!

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