Author: LFA Team
Structured Note Idea on Copper & Aluminum
INDICATIVE TERMS — SUBJECT TO FINAL TERMSHEET This is a marketing communication prepared by LFA SA, a SEC-registered investment adviser. It is a summary only...
AI & the Capex-Revenue Ledger
AI-related capital spending has tripled in five years — and it is still accelerating. Five balance sheets now carry roughly 30% of market-wide capex, and...
AI & the Capex Cycle
Is the AI spend cycle a massive opportunity—or a mounting risk? AI-related capital spending has tripled over the past five years, with just five balance...
Financial Markets DEEP DIVE
2026/July Click Here to Download the PDF Version “A good parent protects their child. A good parent lets their child face risk. Two truths that...
June 2026 | Monthly Market Commentary
• AI, Oil and Interest Rates drove markets in June• Growth remained resilient in June• AI-related investment themes continue to evolve as companies increasingly report...
May 2026 | Monthly Market Commentary
The Battle Between Inflation and Artificial Intelligence The key themes we highlighted in April remain largely unchanged. Markets continue to be driven by the tension...
What Is a Midterm Election “Market Check-Back”?
What is a midterm election market check-back? It refers to historical observations that, during the summer of a midterm year, stocks tend to revisit their...
Is Your Portfolio Ready for a Potential Kevin Warsh Fed? Managing Interest Rate Shifts
Many are asking: What does a Kevin Warsh–led Federal Reserve mean for interest rates? The nomination of Kevin Warsh points toward a more rules-based monetary...
Structured Note Idea on GLD & GDX
Recent Weakness Reflects Macro Pressures More Than Geopolitical Dynamics Despite its longstanding reputation as a potential safe-haven asset against geopolitical risk and inflation, gold has...
April 2026 | Monthly Market Commentary
From Shock to Complex Stabilization April 2026 marked a transition from the geopolitical shock of March toward a more stable—though still uncertain—macro environment. While tensions...
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Switzerland
Switzerland
+41 43 497 22 83 Via F. Pelli 3, 6900 Lugano
Switzerland
+41 91 921 37 52 Rue de Lausanne 25, 1950 Sion
Switzerland
