Zoltan Szelyes, CFA, CAIA

Economist and independent advisor on indirect investments in Swiss and global real estate and mortgages.

[The Market NZZ @TheMarket_CH]

«These Monster IPOs Expose the Dark Side of Passive Investing»: Larry McDonald @Convertbond in an in-depth talk with @CGisiger about SpaceX, OpenAI and Anthropic, and why he prefers to bet on commodities
cc @jessefelder @RonStoeferle

https://t.co/myjhiwevLG

[The Market NZZ @TheMarket_CH]

Schweizer Immobilienanlagen haben sich in den vergangenen Jahren hervorragend entwickelt. Stabile politische Rahmenbedingungen leisteten einen wesentlichen Beitrag dazu. Das Abstimmungswochenende vom 14. Juni könnte damit weitreichende Konsequenzen haben, schreibt @macroreal.

https://t.co/mYfoAa3LwE

[Zoltan Szelyes, CFA, CAIA @macroreal]

@biancoresearch @CGisiger Chart doesnt look good from a technical point of view

[Zoltan Szelyes, CFA, CAIA @macroreal]

@JackFarley96 Its still a bubble. We will see

[Macronomics 🇦🇲🇫🇷 @Macronomics1]

Crossing the Rubicon: The financial market equivalent of Caesar's fate - Our new conversation with Zoltan Szelyes, CFA, CAIA is out - https://t.co/VBKQce0taR

[Zoltan Szelyes, CFA, CAIA @macroreal]

Crossing the Rubicon: Financial market equivalent of Caesar's fate. I discuss with @Macronomics1 points of no return and structural shifts in luxury expenditures: From goods to experiences.
https://t.co/jittNqY3ED

[Zoltan Szelyes, CFA, CAIA @macroreal]

German to Japanese bond yields: Catch me if you can!

[Zoltan Szelyes, CFA, CAIA @macroreal]

@mojmir_hlinka Kommt schon wieder!

[Zoltan Szelyes, CFA, CAIA @macroreal]

Horten die Leute wieder Nudeln? Oder einfach osternbedingte Knappheiit im Coop Stäfa?

[Zoltan Szelyes, CFA, CAIA @macroreal]

You know nothing Jon Snow

[Amock_ @Amockx2022]

BREAKING 🚨: Iran has officially countered Donald Trump

🇺🇸 Trump at 9 PM ET –– "Iran is begging for deal. Their missile capacity is finished"

Just after 6 hours 🔥

🇮🇷 Iran at 3 AM ET –– "You know nothing of our vast and strategic capabilities" 🤯

"Do not count our missiles, drones, and strategic equipment, because you will definitely be mistaken and get nowhere. You must pay the price for the aggression you initiated"

This is what you call playing on front foot 🫡

[Zoltan Szelyes, CFA, CAIA @macroreal]

@Macronomics1 Was a pleasure to chat!

[Macronomics 🇦🇲🇫🇷 @Macronomics1]

My latest conversation with @macroreal Reminiscences of credit operators https://t.co/a84BCcltfp

[Zoltan Szelyes, CFA, CAIA @macroreal]

🚀 Big News: We’ve Joined EPRA!

European listed real estate values have been severely hit in recent weeks due to the fears of a second inflation wave. That doesn't change our assessment that we see it as an important building block in investment portfolios and many companies are currently trading at an extremely attractive valuations if you are a longer term investor in real estate.
We continue to enhance our content on listed real estate markets for Switzerland, Europe and global and it's an huge pleasure and honor to announce that we have joined @EPRA_realestate
https://t.co/tdva7fR6lD

[Zoltan Szelyes, CFA, CAIA @macroreal]

@feusl @JavierMileiDE @FDP_Liberalen Cooli sach!

[junkbondinvestor @junkbondinvest]

Dubai property bonds hitting distressed levels:

> ME primary market has been shut since the war started
> 15% of USD real estate bonds in the region now trading distressed
> $8B wall of maturities by 2030

Here's an example:

> Binghatti bonds trading at 80
> Says sales are still AED 500M per week. Cancellations <1%. Construction on schedule.
> Doesn't matter. The problem is refinancing. And the window is shut.

[Zoltan Szelyes, CFA, CAIA @macroreal]

🚀 Big News: We’ve Joined EPRA!

European listed real estate values have been severely hit in recent weeks due to the fears of a second inflation wave. That doesn't change our assessment that we see it as an important building block in investment portfolios and many companies are currently trading at an extremely attractive valuations if you are a longer term investor in real estate.
We continue to enhance our content on listed real estate markets for Switzerland, Europe and global and it's an huge pleasure and honor to announce that we have joined @EPRA_realestate
https://t.co/tdva7fR6lD

[Zoltan Szelyes, CFA, CAIA @macroreal]

@Convertbond Looks like copy paste from 2008

[Zoltan Szelyes, CFA, CAIA @macroreal]

I usually use Emaar as a proxy for Dubai real estate, as they are a large developer. While we have seen a correction it is still higher than in 2024, so people believe the uptrend is likely to continue. Unlike what we have seen during the GFC. They needed then a bailout!

[Zoltan Szelyes, CFA, CAIA @macroreal]

@patrick_saner Same same. Vor allem auch hinsichtlich der wechselkursentwicklung

[Zoltan Szelyes, CFA, CAIA @macroreal]

50 basispunkte Zinserhöhungen durch die SNB in 12 Monaten? heute zu 100% eingepreist.