April 2024

M&A pick up César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW Financial markets were rattled last week by inflation data that seemed to bury any hope of a near-term rate cut in the US. But Q1 results, especially from major…

Below you will find a new commentary by Xiao Cui, Senior Economist Pictet Wealth Management, on the FED. We expect a hawkish hold at the FOMC this week. Chair Powell is likely to note it would take longer than expected to achieve confidence needed to cut rates and…

Story of the month INVESTMENT OPPORTUNITIES BEYOND AI For a long time, the equity market environment was characterized by uncertainty and concerns about the future economic development. However, the danger of an imminent recession seemed to have been averted recently. Now that the equity markets…

Below you will find a new comment from Xiao Cui, Senior Economist, at Pictet Wealth Management, following today’s US GDP report. Real GDP in Q1 came in below all forecasts on BBG, slowing to 1.6% QoQ annualized (vs. consensus of 2.5%) from 3.4% in Q4. However, stripping…

Year to date, we have observed a strong decline in energy prices resulting in a strong underperformance of the listed European utilities. The reason for this steeper-than-expected decline in energy prices includes a substantial drop in carbon costs coupled with a reduction of other input…

US corporate bonds today have an attractive risk-return profile and offer an excellent diversification for a diversified portfolio, says Georgios Costa Georgiou, Managing Director Global Head Fixed Income Product Specialists of Allianz Global Investors. He is referring both to short-term high yield paper and to…

The pivot from the pivot César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW Fading prospects for near-term US rate cuts and heightened tensions in the Middle East were factors in the rise in volatility gauges last week. But perhaps the…

Prof. Dr. Jan Viebig Global Co-CIO, ODDO BHF AM. "Equities too often have a reputation among German and French investors for being speculative. However, we believe that when equity investments are approached in a planned, long-term manner—aligned with simple principles and within one's risk tolerance—they…