V\u00e1\u017een\u00e1 e15 investorsk\u00e1 komunito,\u00a0<\/p>\n
v\u00edtejte u dal\u0161\u00edho vyd\u00e1n\u00ed investi\u010dn\u00edho newsletteru e15. V dne\u0161n\u00edm d\u00edle se spole\u010dn\u011b pod\u00edv\u00e1me na v\u00fdvoj situace na Bl\u00edzk\u00e9m v\u00fdchod\u011b, kter\u00fd se po v\u00edkendov\u00fdch jedn\u00e1n\u00edch v p\u00e1kist\u00e1nsk\u00e9m Isl\u00e1m\u00e1b\u00e1du zasekl na mrtv\u00e9m bod\u011b \u2013 akciov\u00e9 trhy v\u0161ak od za\u010d\u00e1tku druh\u00e9ho kvart\u00e1lu agresivn\u011b rostou a aktu\u00e1ln\u011b se nach\u00e1zej\u00ed na \u00farovn\u00edch, kter\u00e9 jsme mohli vid\u011bt p\u0159ed vypuknut\u00edm konfliktu. Tento t\u00fdden z\u00e1rove\u0148 za\u010d\u00edn\u00e1 v\u00fdsledkov\u00e1 sez\u00f3na a sv\u00e9 hospod\u00e1\u0159sk\u00e9 v\u00fdsledky za prvn\u00ed kvart\u00e1l ozn\u00e1m\u00ed spole\u010dnosti, jako jsou JPMorgan Chase a dal\u0161\u00ed bankovn\u00ed velik\u00e1ni, nejv\u011bt\u0161\u00ed spr\u00e1vce aktiv na sv\u011bt\u011b BlackRock, a chyb\u011bt nebudou ani v\u00fdrobce \u010dip\u016f Taiwan Semiconductor nebo st\u00e1lice PepsiCo a obl\u00edben\u00fd Netflix. Poj\u010fme se tedy spole\u010dn\u011b p\u0159ipravit na to, co n\u00e1s \u010dek\u00e1.\u00a0<\/p>\n
D\u011bkujeme, \u017ee n\u00e1s \u010dtete!\u00a0<\/p>\n
Stru\u010dn\u011b \ud83d\udcfbColt CZ vstupuje na presti\u017en\u00ed burzu s rekordn\u00edmi zisky<\/p>\n
\u010cesk\u00e1 zbroja\u0159sk\u00e1 skupina\u00a0Colt CZ Group<\/a>\u00a0d\u011bl\u00e1 dal\u0161\u00ed strategick\u00fd krok ke glob\u00e1ln\u00ed expanzi. Od st\u0159edy 15. dubna se jej\u00ed kmenov\u00e9 akcie za\u010dnou ofici\u00e1ln\u011b obchodovat na regulovan\u00e9m trhu presti\u017en\u00ed nizozemsk\u00e9 burzy Euronext Amsterdam pod n\u00e1zvem COLT. S akciemi skupiny se ji\u017e nyn\u00ed obchoduje na pra\u017esk\u00e9 burze cenn\u00fdch pap\u00edr\u016f a pro sou\u010dasn\u00e9 i budouc\u00ed investory je kl\u00ed\u010dovou zpr\u00e1vou, \u017ee akcie na obou trz\u00edch budou pln\u011b zastupiteln\u00e9.\u00a0<\/p>\n D\u016fvod tohoto kroku je jasn\u00fd \u2013 samotn\u00e1 skupina d\u0159\u00edve avizovala, \u017ee v\u00fdt\u011b\u017eek z nav\u00fd\u0161en\u00ed kapit\u00e1lu chce vyu\u017e\u00edt pro dal\u0161\u00ed strategick\u00e9 investice a akvizice. P\u0159\u00edb\u011bh skupiny je uk\u00e1zkov\u00fdm p\u0159\u00edkladem toho, jak se z tradi\u010dn\u00edho lok\u00e1ln\u00edho v\u00fdrobce d\u00e1 vybudovat nadn\u00e1rodn\u00ed hegemon. V sou\u010dasnosti pod jeho k\u0159\u00eddla spad\u00e1 nejen legend\u00e1rn\u00ed americk\u00fd Colt a jeho kanadsk\u00e1 divize Colt Canada, ale i v\u00fdrobce revolver\u016f Dan Wesson, vla\u0161imsk\u00fd v\u00fdrobce munice Sellier & Bellot, \u0161v\u00fdcarsk\u00e1 zbrojovka swissAA, \u0161v\u00e9dsk\u00fd v\u00fdrobce optick\u00fdch mont\u00e1\u017e\u00ed Spuhr nebo zna\u010dka taktick\u00e9ho vybaven\u00ed 4M Tactical.\u00a0<\/p>\n Architektem tohoto fenomen\u00e1ln\u00edho \u00fasp\u011bchu je nen\u00e1padn\u00fd, ale o to vlivn\u011bj\u0161\u00ed hr\u00e1\u010d \u010desk\u00e9ho byznysu, miliard\u00e1\u0159 Ren\u00e9 Hole\u010dek. Pr\u00e1v\u011b on ovl\u00e1d\u00e1 holding \u010cesk\u00e1 zbrojovka Partners SE, kter\u00fd je hlavn\u00edm akcion\u00e1\u0159em cel\u00e9 zbroja\u0159sk\u00e9 skupiny. O tom, \u017ee se strategick\u00e9 s\u00e1zky holdingu vypl\u00e1cej\u00ed, sv\u011bd\u010d\u00ed i vynikaj\u00edc\u00ed finan\u010dn\u00ed kondice, se kterou skupina na nizozemskou burzu m\u00ed\u0159\u00ed. V lo\u0148sk\u00e9m roce holding vyk\u00e1zal \u00factyhodn\u00e9 v\u00fdnosy dosahuj\u00edc\u00ed bezm\u00e1la 23,4 miliardy korun, co\u017e p\u0159edstavuje meziro\u010dn\u00ed n\u00e1r\u016fst o 4,6 procenta. Je\u0161t\u011b impozantn\u011bj\u0161\u00ed je v\u0161ak pohled na \u010dist\u00fd zisk \u2013 ten ve srovn\u00e1n\u00ed s p\u0159edchoz\u00edm rokem raketov\u011b vyst\u0159elil o 95,7 procenta a bezpe\u010dn\u011b p\u0159ekonal hranici dvou miliard korun.\u00a0<\/p>\n Makrot\u00fdden pod lupou: Spot\u0159ebitelsk\u00e9 ceny rostou, r\u016fst HDP naopak zpomalil<\/p>\n Makroekonomick\u00e1 data z uplynul\u00e9ho t\u00fddne investor\u016fm p\u0159ipomn\u011bla, \u017ee cesta k cenov\u00e9 stabilit\u011b bude je\u0161t\u011b trnit\u00e1. Kl\u00ed\u010dov\u00fdm\u00a0zji\u0161t\u011bn\u00edm<\/a>\u00a0uplynul\u00fdch dn\u00ed bylo, \u017ee americk\u00e1 inflace je mnohem hou\u017eevnat\u011bj\u0161\u00ed, ne\u017e by si Wall Street i Fed p\u0159\u00e1ly. B\u0159eznov\u00fd meziro\u010dn\u00ed r\u016fst spot\u0159ebitelsk\u00fdch cen v USA ne\u010dekan\u011b vysko\u010dil na 3,3 procenta, co\u017e p\u0159edstavuje v\u00fdrazn\u00e9 zrychlen\u00ed oproti \u00fanorov\u00fdm 2,4 procent\u016fm. J\u00e1drov\u00e1 inflace, kter\u00e1 je o\u010di\u0161t\u011bn\u00e1 o kol\u00edsav\u00e9 ceny energi\u00ed a potravin a centr\u00e1ln\u00ed bank\u00e9\u0159i ji sleduj\u00ed nejbedliv\u011bji, se nav\u00edc dr\u017e\u00ed na nekomfortn\u00edch 2,6 procenta.\u00a0<\/p>\n Tento cenov\u00fd tlak p\u0159ich\u00e1z\u00ed v dob\u011b, kdy nejv\u011bt\u0161\u00ed sv\u011btov\u00e1 ekonomika za\u010d\u00edn\u00e1 jevit zn\u00e1mky \u00fanavy \u2013 r\u016fst americk\u00e9ho HDP v posledn\u00edm lo\u0148sk\u00e9m \u010dtvrtlet\u00ed anualizovan\u011b prudce zpomalil na pouh\u00fdch 0,5 procenta. Propadl se tak nejen hluboko pod svi\u017en\u00e9 tempo 4,4 procenta ze t\u0159et\u00edho kvart\u00e1lu, ale zaostal i za u\u017e tak opatrn\u00fdmi odhady analytik\u016f, kte\u0159\u00ed predikovali alespo\u0148 0,7 procenta.\u00a0<\/p>\n Tento t\u00fdden investor\u016fm na klidu nep\u0159id\u00e1. Ve Spojen\u00fdch st\u00e1tech bude trh sledovat zve\u0159ejn\u011bn\u00ed indexu v\u00fdrobn\u00edch cen, kter\u00e9 uk\u00e1\u017ee, jak rychle a razantn\u011b se geopolitick\u00e9 \u0161oky propisuj\u00ed do dodavatelsk\u00fdch \u0159et\u011bzc\u016f a vstupn\u00edch n\u00e1klad\u016f firem. Bez zaj\u00edmav\u00fdch \u010d\u00edsel nez\u016fstane ani \u010desk\u00e1 ekonomika, kde se pozornost zam\u011b\u0159\u00ed p\u0159edev\u0161\u00edm na detailn\u00ed strukturu b\u0159eznov\u00e9 inflace, kter\u00e1 napov\u00ed, zda se da\u0159\u00ed krotit zejm\u00e9na ne\u00fastupn\u00e9 ceny ve slu\u017eb\u00e1ch, a na pond\u011bln\u00ed data o platebn\u00ed bilanci.\u00a0<\/p>\n Cel\u00fd t\u00fdden nav\u00edc bude r\u00e1mov\u00e1n zased\u00e1n\u00edm Sv\u011btov\u00e9 banky a Mezin\u00e1rodn\u00edho m\u011bnov\u00e9ho fondu. S ohledem na rostouc\u00ed rizika, kdy se prol\u00edn\u00e1 geopolitick\u00e1 hrozba se zhor\u0161uj\u00edc\u00edm se makroekonomick\u00fdm v\u00fdhledem, budou m\u00edt velkou v\u00e1hu ve\u0159ejn\u00e1 vystoupen\u00ed p\u0159edstavitel\u016f centr\u00e1ln\u00edch bank, mezi nimi\u017e nebude chyb\u011bt prezidentka Evropsk\u00e9 centr\u00e1ln\u00ed banky Christine Lagarde \u010di \u010dlen Rady guvern\u00e9r\u016f americk\u00e9ho Fedu Christopher Waller.\u00a0<\/p>\n T\u00e9ma t\u00fddne \ud83d\uddde\ufe0f<\/p>\n Je\u0161t\u011b p\u0159ed n\u011bkolika dny to vypadalo, \u017ee do\u010dasn\u00e9 p\u0159\u00edm\u011b\u0159\u00ed poskytne dostatek prostoru k nalezen\u00ed diplomatick\u00e9ho kompromisu. Zk\u0159ehl\u00e9 nad\u011bje ale definitivn\u011b vzaly za sv\u00e9 b\u011bhem uplynul\u00e9ho v\u00edkendu, kdy m\u00edrov\u00e1 jedn\u00e1n\u00ed mezi Spojen\u00fdmi st\u00e1ty a \u00cdr\u00e1nem skon\u010dila na mrtv\u00e9m bod\u011b. Neschopnost obou stran dos\u00e1hnout vz\u00e1jemn\u00e9 dohody vyvolala okam\u017eitou \u0159et\u011bzovou reakci a posunula konflikt do nov\u00e9, mimo\u0159\u00e1dn\u011b nebezpe\u010dn\u00e9 f\u00e1ze \u2013 v p\u0159\u00edm\u00e9 reakci na v\u00edkendov\u00fd pat na\u0159\u00eddil prezident Donald Trump spu\u0161t\u011bn\u00ed n\u00e1mo\u0159n\u00ed blok\u00e1dy<\/a>\u00a0Hormuzsk\u00e9ho pr\u016flivu.\u00a0\u00a0<\/p>\n Tento tvrd\u00fd krok z\u00e1sadn\u011b m\u011bn\u00ed dynamiku cel\u00e9ho konfliktu, nebo\u0165 blok\u00e1da se zam\u011b\u0159uje na \u00fapln\u00e9 ochromen\u00ed \u00edr\u00e1nsk\u00e9ho n\u00e1mo\u0159n\u00edho obchodu. V praxi to znamen\u00e1, \u017ee americk\u00e1 arm\u00e1da m\u00e1 za \u00fakol kontrolovat a zastavit ve\u0161kerou n\u00e1mo\u0159n\u00ed dopravu, kter\u00e1 vplouv\u00e1 do \u00edr\u00e1nsk\u00fdch p\u0159\u00edstav\u016f nebo je naopak opou\u0161t\u00ed. Operace se p\u0159itom neomezuje pouze na samotn\u00fd Hormuzsk\u00fd pr\u016fliv, ale zjevn\u011b zahrnuje i p\u0159\u00edstavy le\u017e\u00edc\u00ed d\u00e1le pod\u00e9l pob\u0159e\u017e\u00ed Om\u00e1nsk\u00e9ho z\u00e1livu. K prosazen\u00ed t\u00e9to masivn\u00ed n\u00e1mo\u0159n\u00ed blok\u00e1dy nasadily Spojen\u00e9 st\u00e1ty enormn\u00ed vojenskou s\u00edlu, p\u0159i\u010dem\u017e na m\u00edst\u011b je v tuto chv\u00edli p\u0159ipraveno v\u00edce ne\u017e 15 americk\u00fdch v\u00e1le\u010dn\u00fdch lod\u00ed, kter\u00e9 dopl\u0148uj\u00ed jednotky n\u00e1mo\u0159n\u00ed p\u011bchoty rozm\u00edst\u011bn\u00e9 na oboj\u017eiveln\u00fdch \u00fato\u010dn\u00fdch plavidlech.\u00a0<\/p>\n Uzav\u0159en\u00ed strategick\u00e9 energetick\u00e9 tepny logicky vyvolalo silnou reakci na komoditn\u00edch trz\u00edch. Ceny obou hlavn\u00edch ropn\u00fdch benchmark\u016f v reakci na Trumpovo na\u0159\u00edzen\u00ed okam\u017eit\u011b vyst\u0159elily nad psychologickou hranici 100 dolar\u016f. Severomo\u0159sk\u00fd Brent si p\u0159ipsal r\u016fst o v\u00edce ne\u017e sedm procent a dostal se na \u00farove\u0148 kolem 102 dolar\u016f za barel. Podobn\u011b prudce zdra\u017eila i americk\u00e1 lehk\u00e1 ropa West Texas Intermediate, kter\u00e1 pos\u00edlila o 6,6 procenta na bezm\u00e1la 103 dolar\u016f za barel.\u00a0<\/p>\n A\u010dkoliv by logika velela, \u017ee tv\u00e1\u0159\u00ed v tv\u00e1\u0159 hroz\u00edc\u00ed glob\u00e1ln\u00ed energetick\u00e9 krizi vypukne na akciov\u00fdch trz\u00edch panika, situace byla sp\u00ed\u0161e opa\u010dn\u00e1. Nam\u00edsto hromadn\u00e9ho v\u00fdprodeje rizikov\u00fdch aktiv se americk\u00e9 akciov\u00e9 indexy uk\u00e1zaly jako velmi odoln\u00e9 a indexy S&P 500 a Nasdaq-100 od minul\u00e9ho pond\u011bl\u00ed nem\u011bly jedin\u00fd ztr\u00e1tov\u00fd den. Aktu\u00e1ln\u011b se nach\u00e1zej\u00ed jen n\u011bkolik procent od sv\u00fdch historick\u00fdch maxim. Za t\u00edmto zd\u00e1nliv\u00fdm odtr\u017een\u00edm Wall Street od geopolitick\u00e9 reality stoj\u00ed jeden z\u00e1sadn\u00ed faktor: extr\u00e9mn\u00ed optimismus ohledn\u011b firemn\u00edch zisk\u016f. Jak upozor\u0148uje agentura\u00a0Bloomberg<\/a>,\u00a0investo\u0159i, kte\u0159\u00ed kv\u016fli ned\u00e1vn\u00e9mu nap\u011bt\u00ed na Bl\u00edzk\u00e9m v\u00fdchod\u011b omezili sv\u00e9 akciov\u00e9 pozice, nyn\u00ed na\u0161li p\u00e1dn\u00fd d\u016fvod pro n\u00e1vrat na trh. Analytici toti\u017e navzdory ropn\u00fdm \u0161ok\u016fm neust\u00e1le zvy\u0161uj\u00ed sv\u00e9 odhady \u2013 pro prvn\u00ed \u010dtvrtlet\u00ed aktu\u00e1ln\u011b o\u010dek\u00e1vaj\u00ed r\u016fst ziskovosti \u201ekorpor\u00e1tn\u00ed Ameriky\u201c o 12,5 procenta.\u00a0<\/p>\n Ned\u00e1vn\u00e9 v\u00fdprodeje nav\u00edc zp\u016fsobily, \u017ee se takzvan\u00fd \u201eforward P\/E\u201c pom\u011br u indexu S&P 500 propadl na nejni\u017e\u0161\u00ed \u00farove\u0148 od lo\u0148sk\u00e9ho dubna. Pro mnoho velk\u00fdch hr\u00e1\u010d\u016f to funguje jako n\u00e1kupn\u00ed sign\u00e1l: \u201ePo v\u00fdprodej\u00edch je v\u017edy dobr\u00fd \u010das pod\u00edvat se, co by mohlo b\u00fdt ve slev\u011b,\u201c komentuje n\u00e1ladu na trhu Kim Forrest, investi\u010dn\u00ed \u0159editelka spole\u010dnosti Bokeh Capital Partners. V\u011b\u0159\u00ed p\u0159itom, \u017ee firmy budou nad\u00e1le poskytovat siln\u00e9 v\u00fdhledy a \u017ee americk\u00fd spot\u0159ebitel vyjde z ned\u00e1vn\u00e9ho ropn\u00e9ho \u0161oku relativn\u011b bez \u00fahony.\u00a0<\/p>\n Podobn\u011b to vid\u00ed i Marshall Front z Front Barnett Associates, podle n\u011bj\u017e by investo\u0159i m\u011bli \u201ezv\u00e1\u017eit obnoven\u00ed sv\u00fdch akciov\u00fdch pozic\u201c, proto\u017ee o\u010dek\u00e1v\u00e1n\u00ed Wall Street jsou nastavena vysoko. I p\u0159esto, \u017ee trhy moment\u00e1ln\u011b vyhr\u00e1vaj\u00ed bitvu s geopolitikou d\u00edky v\u00ed\u0159e v nezdolnost americk\u00fdch firem, nach\u00e1zej\u00ed se st\u00e1le na velmi tenk\u00e9m led\u011b. P\u0159etrv\u00e1vaj\u00edc\u00ed ceny ropy nad hranic\u00ed 100 dolar\u016f za barel p\u0159edstavuj\u00ed tikaj\u00edc\u00ed bombu pro glob\u00e1ln\u00ed ekonomiku a hrozbu inflace. Z\u00e1sadn\u00edm testem tak v nadch\u00e1zej\u00edc\u00edch t\u00fddnech nebude jen to, jak dlouho vydr\u017e\u00ed americk\u00e1 n\u00e1mo\u0159n\u00ed blok\u00e1da, ale p\u0159edev\u0161\u00edm to, zda americk\u00e9 spole\u010dnosti dok\u00e1\u017eou sv\u00fdmi v\u00fdsledky naplnit enormn\u011b vysok\u00e1 o\u010dek\u00e1v\u00e1n\u00ed. Pokud by inflace ta\u017een\u00e1 drah\u00fdmi palivy p\u0159im\u011bla americk\u00fd Fed dr\u017eet sazby vy\u0161\u0161\u00ed d\u00e9le, ne\u017e se \u010dekalo, nebo pokud by firemn\u00ed zisky na Wall Street klop\u00fdtly, sou\u010dasn\u00fd lov na \u201eakciov\u00e9 slevy\u201c by se mohl velmi rychle prom\u011bnit v tvrd\u00fd a bolestiv\u00fd p\u00e1d.\u00a0<\/p>\n Co by v\u00e1m nem\u011blo uniknout \ud83d\udea8<\/p>\n Spr\u00e1vn\u011b zvolen\u00e9 a diverzifikovan\u00e9 ETF fondy se v posledn\u00edch t\u00fddnech uk\u00e1zaly jako \u00fa\u010dinn\u00fd \u0161t\u00edt i zbra\u0148. A\u0165 u\u017e jde o fondy napojen\u00e9 na r\u016fst cen ropy, budov\u00e1n\u00ed nezbytn\u00e9 infrastruktury pro um\u011blou inteligenci nebo o extr\u00e9mn\u011b rizikov\u00e9 a specifick\u00e9 s\u00e1zky na cenu samotn\u00e9 n\u00e1mo\u0159n\u00ed p\u0159epravy tanker\u016f, n\u011bkter\u00e9 z nich dok\u00e1zaly b\u011bhem pouh\u00fdch t\u0159\u00ed m\u011bs\u00edc\u016f vyn\u00e9st i p\u0159es 500 procent. Objevte, jak\u00e1 \u201e\u00e9t\u00e9efka\u201c v dob\u011b geopolitick\u00e9ho \u0161\u00edlenstv\u00ed na Wall Street skute\u010dn\u011b vyd\u011bl\u00e1vaj\u00ed a jak se d\u00e1 kapitalizovat na panice kolem uzav\u0159en\u00e9ho Hormuzsk\u00e9ho pr\u016flivu. Nenechte si uj\u00edt nov\u00fd \u010dl\u00e1nek Jaroslava Bukovsk\u00e9ho\u00a0na webu e15<\/a>.\u00a0<\/p>\n Vsadit si dnes m\u016f\u017eete prakticky na cokoliv \u2013 od toho, kdo vyhraje americk\u00e9 prezidentsk\u00e9 volby, p\u0159es pravd\u011bpodobnost, \u017ee Zemi zas\u00e1hne meteorit, a\u017e po to, zda se rozejde Taylor Swift s Travisem Kelcem. Predik\u010dn\u00ed platformy jako Polymarket nebo Kalshi za\u017e\u00edvaj\u00ed bezprecedentn\u00ed boom a to\u010d\u00ed se v nich miliardy dolar\u016f. Nov\u00fd \u010dl\u00e1nek od agentury Bloomberg detailn\u011b mapuje, jak tyto trhy rychl\u00fdm tempem ma\u017eou hranici mezi sofistikovan\u00fdm finan\u010dn\u00edm obchodov\u00e1n\u00edm a oby\u010dejn\u00fdm s\u00e1zen\u00edm. Pro\u010d tento fenom\u00e9n ned\u00e1v\u00e1 sp\u00e1t americk\u00fdm regul\u00e1tor\u016fm, jak do hry vstupuj\u00ed kryptom\u011bny a pro\u010d se z predik\u010dn\u00edch trh\u016f st\u00e1v\u00e1 nov\u00fd finan\u010dn\u00ed Divok\u00fd z\u00e1pad, se\u00a0dozv\u00edte na Bloombergu<\/a>.\u00a0<\/p>\n Osobnost t\u00fddne \ud83d\udc51<\/p>\n Lloyd Blankfein (*1954) je americk\u00fd investi\u010dn\u00ed bank\u00e9\u0159 a dlouholet\u00fd gener\u00e1ln\u00ed \u0159editel jedn\u00e9 z nejmocn\u011bj\u0161\u00edch finan\u010dn\u00edch instituc\u00ed na sv\u011bt\u011b, Goldman Sachs. Jeho akademick\u00e1 dr\u00e1ha za\u010dala na presti\u017en\u00ed Harvardov\u011b univerzit\u011b, kde nejprve z\u00edskal bakal\u00e1\u0159sk\u00fd titul v oboru historie, p\u0159i\u010dem\u017e do \u0161koly nastoupil d\u00edky stipendiu pro nadan\u00e9 studenty. N\u00e1sledn\u011b p\u0159idal i diplom z elitn\u00ed pr\u00e1vnick\u00e9 fakulty Harvard Law School. Jeho prvn\u00ed kari\u00e9rn\u00ed kroky vedly do sv\u011bta korpor\u00e1tn\u00edho pr\u00e1va, kdy pracoval jako da\u0148ov\u00fd pr\u00e1vn\u00edk ve firm\u011b Donovan, Leisure, Newton & Irvine. N\u00e1sledn\u011b se v\u0161ak rozhodl zm\u011bnit obor a sb\u00edrat cenn\u00e9 zku\u0161enosti jako prodejce drah\u00fdch kov\u016f v komoditn\u00ed firm\u011b J. Aron & Company.\u00a0<\/p>\n Zlom v jeho kari\u00e9\u0159e p\u0159i\u0161el v roce 1981, kdy firmu J. Aron & Company koupila banka Goldman Sachs. D\u00edky sv\u00e9mu bystr\u00e9mu \u00fasudku a obchodn\u00edmu talentu za\u010dal stoupat jej\u00ed hierarchi\u00ed a zanedlouho se stal jedn\u00edm z kl\u00ed\u010dov\u00fdch mu\u017e\u016f v divizi obchodov\u00e1n\u00ed s dluhopisy, m\u011bnami a komoditami (FICC). Pod jeho veden\u00edm se z t\u00e9to divize stal hlavn\u00ed motor zisk\u016f cel\u00e9 banky. Blankfein z\u00e1rove\u0148 pat\u0159il k nejran\u011bj\u0161\u00edm l\u00eddr\u016fm, kte\u0159\u00ed rozpoznali hrozbu kolapsu trhu s bydlen\u00edm. Dlouh\u00e9 roky p\u0159ed kriz\u00ed v roce 2008 za\u010dal banku zaji\u0161\u0165ovat proti p\u00e1du subprime hypot\u00e9k a jeho proz\u0159etelnost zachr\u00e1nila Goldman Sachs p\u0159ed osudem zkrachoval\u00fdch konkurent\u016f, jako byli Lehman Brothers.\u00a0<\/p>\n V roce 2018 Blankfeinova kari\u00e9ra v \u010dele Goldman Sachs po v\u00edce ne\u017e 12 letech dobrovoln\u011b skon\u010dila. Ode\u0161el v dob\u011b, kdy banka vykazovala rekordn\u00ed zisky a on s\u00e1m \u00fasp\u011b\u0161n\u011b p\u0159ekonal v\u00e1\u017en\u00e9 onkologick\u00e9 onemocn\u011bn\u00ed. V sou\u010dasnosti p\u016fsob\u00ed na pozici Senior Chairman a v\u011bnuje se filantropii. Lloyd Blankfein dnes plat\u00ed za jednoho z p\u0159edn\u00edch finan\u010dn\u00edch vizion\u00e1\u0159\u016f na Wall Street a pravideln\u011b zd\u016fraz\u0148uje, \u017ee role velk\u00fdch bank by m\u011bla spo\u010d\u00edvat p\u0159edev\u0161\u00edm v efektivn\u00ed alokaci kapit\u00e1lu a financov\u00e1n\u00ed glob\u00e1ln\u00edho ekonomick\u00e9ho r\u016fstu.\u00a0<\/p>\n Graf t\u00fddne \ud83d\udcca<\/p>\n Na grafu lze vid\u011bt v\u00fdvoj americk\u00e9ho akciov\u00e9ho indexu S&P 500 od za\u010d\u00e1tku konfliktu na Bl\u00edzk\u00e9m v\u00fdchod\u011b. Za posledn\u00ed m\u011bs\u00edc a p\u016fl prod\u011blal index propad o osm procent a p\u0159ibl\u00ed\u017eil se tak hranici 6 300 dolar\u016f. Klasick\u00e1 akciov\u00e1 pou\u010dka \u201estairs up, elevator down\u201c, kter\u00e1 zachycuje tendenci akci\u00ed pomalu a jist\u011b r\u016fst, p\u0159i\u010dem\u017e p\u0159\u00edle\u017eitostn\u00fd propad je v\u011bt\u0161inou prudk\u00fd a rychl\u00fd, tentokr\u00e1t platila naopak. B\u011bhem cel\u00e9ho b\u0159ezna klesal index spolu s t\u00edm, jak nar\u016fstalo nap\u011bt\u00ed a nejistota ohledn\u011b budouc\u00edho v\u00fdvoje situace mezi USA, Izraelem a \u00cdr\u00e1nem. Posledn\u00ed den v b\u0159eznu v\u0161ak do\u0161lo k prudk\u00e9mu obratu a index si tak b\u011bhem jedin\u00e9ho dne p\u0159ipsal t\u00e9m\u011b\u0159 t\u0159i procenta \u2013 i kv\u016fli nar\u016fstaj\u00edc\u00edmu optimismu ohledn\u011b vyjedn\u00e1v\u00e1n\u00ed mezi mocnostmi nabral index do plachet sv\u011b\u017e\u00ed v\u00edtr a aktu\u00e1ln\u011b se nach\u00e1z\u00ed pouh\u00fdch 2,5 procenta od historick\u00fdch maxim.\u00a0<\/p>\n SP 500 | Zdroj: Bloomberg<\/p>\n Budu moc r\u00e1d, kdy\u017e mi na e-mail martin.ceska@cncenter.cz d\u00e1te v\u011bd\u011bt, jak v\u00e1s newsletter (ne)bav\u00ed, a z\u00e1rove\u0148 ocen\u00edm i tipy na t\u00e9mata, o kter\u00fdch byste si cht\u011bli v newsletteru pravideln\u011b \u010d\u00edst.\u00a0<\/p>\n D\u011bkuji a p\u0159eji hezk\u00fd den!\u00a0<\/p>\n Martin \u010ce\u0161ka<\/p>\n","protected":false},"excerpt":{"rendered":"V\u00e1\u017een\u00e1 e15 investorsk\u00e1 komunito,\u00a0 v\u00edtejte u dal\u0161\u00edho vyd\u00e1n\u00ed investi\u010dn\u00edho newsletteru e15. V dne\u0161n\u00edm d\u00edle se spole\u010dn\u011b pod\u00edv\u00e1me na…\n","protected":false},"author":2,"featured_media":55162,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[412,11611,67,68,1411,2046,212,3459,808,19700,113,6459],"class_list":{"0":"post-55161","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-byznys","8":"tag-akcie","9":"tag-banka","10":"tag-business","11":"tag-byznys","12":"tag-colt-cz-group","13":"tag-dolar","14":"tag-donald-trump","15":"tag-goldman-sachs","16":"tag-iran","17":"tag-lloyd-craig-blankfein","18":"tag-usa","19":"tag-wall-street"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116406736795713203","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/55161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=55161"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/55161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/55162"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=55161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=55161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=55161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}