Adrian von Aesch
Adrian von Aesch @empiricist

Performance
All

4.15%2026
2026
18.53%2025
2025
11.96%2024
2024
12.31%2023
2023
-19.88%2022
2022
13.49%2021
2021
40.40%2020
2020
36.20%2019
2019
-18.82%2018
2018
14.09%2017
2017
40.4%0%-40.4%
Adrian von Aesch
๐—š๐—ผ๐—ผ๐—ฑ๐—ฏ๐˜†๐—ฒ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฑ, ๐—ต๐—ฒ๐—น๐—น๐—ผ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ We finish 2025 with a clear beat of the S&P 500 and the pan-European indexes. This is remarkable because I was underweight in U.S. equities and overweight in European markets for the entire year. Having strong exposure to gold and some specific growth... Show More
Adrian von Aesch
๐—ฃ๐—ผ๐—ฟ๐˜๐—ณ๐—ผ๐—น๐—ถ๐—ผ ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ The stock market right now is characterized by modest gains, high volatility, and a rotation toward value and small-cap stocks, with investors watching the Federal Reserveโ€™s December decision closely. A rate cut could spark a year-end rally, while a pause may keep markets... Show More
Adrian von Aesch
๐—ช๐—ต๐—ฎ๐˜ ๐˜๐—ผ ๐—ฑ๐—ผ ๐—ถ๐—ป ๐—ฎ ๐˜€๐—ถ๐—ฑ๐—ฒ๐˜„๐—ฎ๐˜†๐˜€ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ Sometimes markets move sideways, with prices fluctuating but showing little overall direction. This has been the case for U.S. equities since early October, with all major indexes trading in a narrow range over the past 30 days (see chart below).... Show More
Adrian von Aesch
๐—ฃ๐—ผ๐—ฟ๐˜๐—ณ๐—ผ๐—น๐—ถ๐—ผ ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ Strong earnings helped U.S. indices close October in positive territory, despite intermittent setbacks that saw all three major benchmarks dip into the red during the month. The final scare came on October 22nd, triggered by concerns over potential export restrictions... Show More
Adrian von Aesch
๐—ฃ๐—ผ๐—ฟ๐˜๐—ณ๐—ผ๐—น๐—ถ๐—ผ ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ First, a warm welcome to new copiers and followers. If you have any questions about my portfolio or individual stocks in it, please donโ€™t hesitate to ask. Pharma is re-entering the spotlight. This yearโ€™s underperformers are staging a strong comeback, driven by easing... Show More
Adrian von Aesch
๐—ช๐—ต๐—ผ ๐—ฏ๐—ฒ๐—ป๐—ฒ๐—ณ๐—ถ๐˜๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—ฎ ๐—ฟ๐—ฎ๐˜๐—ฒ ๐—ฐ๐˜‚๐˜? Well, anyone who needs to borrow money to buy assets and fund growth. For example, consumers with variable-rate loans, companies that have high debt levels, assets that have no yield such as gold or Bitcoin, Financials benefitting from a steeper yield... Show More
Adrian von Aesch
๐—œ๐˜€ ๐—˜๐˜‚๐—ฟ๐—ผ๐—ฝ๐—ฒ ๐˜€๐˜๐—ถ๐—น๐—น ๐—ต๐—ผ๐˜? Not if you look at stock market performances since the so-called โ€œLiberation Dayโ€. Prior to April, European markets outperformed their US counterparts by a wide margin. From April/May until the end of August, we saw a reversal with the US markets outperforming Europe. So,... Show More
Adrian von Aesch
๐—ฃ๐—ผ๐—ฟ๐˜๐—ณ๐—ผ๐—น๐—ถ๐—ผ ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ Markets lost momentum toward the end of July, with the Dow Jones closing in negative territory. For my portfolio, the overall performance was flat, depending on the currency. The US dollar gained 3.2% in July. If your copy of my account is in Euro, then you should have... Show More
Adrian von Aesch
๐—ฃ๐—ผ๐—ฟ๐˜๐—ณ๐—ผ๐—น๐—ถ๐—ผ ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ The major markets finished the first half of 2025 on a positive note. My portfolio delivered 11.2% in USD, exceeding the main market indices. However, during the same period the US dollar declined against the Euro. If your copy of my portfolio is in Euro rather than USD... Show More
Adrian von Aesch
๐—ฃ๐—ผ๐—ฟ๐˜๐—ณ๐—ผ๐—น๐—ถ๐—ผ ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ Thanks to the best May since 1990, Wall Street recovered from its losses, finishing pretty flat year-to-date. European markets are looking good too with an 8% gain YTD. My portfolio is at the high end between these two markets delivering 7.66%. This week, everyone's... Show More

About Adrian von Aesch
Switzerland
Strategy: Multi-Strategy

Low risk investment strategy based on macro and fundamental analysis, Europe & US
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47 Copiers
4.1K Followers