January 2024

Enchanted economy César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. The week in review It was another good week for US equities as data was released showing the continued strength of the US economy, while the drop in core inflation announced on Friday providing a further…

A more balanced reaction function ​ ​    Xiao Cui, Senior Economist Pictet Wealth Management. We expect the FOMC to keep rates on hold at 5.25-5.50%, and keep quantitative tightening (QT) and other administered interest rates unchanged at its January meeting. There will be no new economic projections or…

STORY OF THE MONTH BRICE PRUNAS, Portfoliomanager, Aktien, globale Themenfonds And MAXENCE RADJABI, CFA Global thematic Equity Portfolio manager ODDO BHF Asset Management SAS In this first Fund Insight of 2024, we aim to show how AI could provide an answer to the problem of…

Comments by Nadia Gharbi, Senior Economist, Pictet Wealth Management As expected, the European Central Bank (ECB) remained on hold at its monetary policy meeting today. There was no major surprise coming from ECB press conference, but on the margins our impression is that the likelihood of a…

Betting against the US economy was a mistake, while hopes for China's revival proved overly optimistic. Chief strategist Luca Paolini runs the rule over a tumultuous year Luca Paolini, Chief Strategist Pictet Asset Management. 1. Growth is more important than rates for equities The idea that…

Investors are overly optimistic about how soon and deeply central banks will be able to cut rates. The fight against inflation isn't won yet Andres Sanchez Balcazar, Head of Global Bonds Pictet Asset Management. US Federal Reserve Chairman Jerome Powell had only to mention that…

THE E-COMMERCE REVOLUTION: “Shop like a billionaire”! Yanxiu Gu, Product specialist, Chinese equities ODDO BHF AM. "As global consumers tighten their budgets ..., companies like Shein and Temu (PDD), which prioritize offering ultimate value for money, are emerging as distinct beneficiaries." In December 2023, Apple unveiled…