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    Microcap bulletin

    April 12th, 2021

    Microcap Bulletin – Q1 2021

    Despite a challenging last year on a social level, but a great one in the financial markets, we started the new year with optimism. Now that vaccines are beginning to be administered on a large scale and government financial interventions are still massive, economic recovery prospects are excellent in the short to medium term.

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    January 22nd, 2021

    Annual Letter 2020

    What an eventful year was 2020! Last January, as we wrote our 2019 annual letter, we certainly had no idea of the global scale COVID-19 would take and its financial repercussions.

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    October 16th, 2020

    Microcap Bulletin – Q3 2020

    During the third quarter, we saw the continuation of a trend that began in the second quarter: a sustained rally across North American stock markets. In the United States, the S&P 500 Index even hit a new all-time high at the beginning of September.

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    July 10th, 2020

    Microcap Bulletin – Q2 2020

    In the first quarter, we wrote in this quarterly letter that the S&P 500, the leading US market index, had experienced the quickest decline in its history. In the second quarter, the story was completely the opposite, as this same index had its best quarter since 2009, when the market was recovering from the global financial crisis.

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    April 14th, 2020

    Microcap Bulletin – Q1 2020

    As you all know, we are living through unprecedented and challenging times due to the COVID-19 pandemic. First and foremost, we wish that you and your families are safe and healthy, which is the most important thing right now.

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