Investing

End of the cycle or entry point? The market backdrop has changed. Stock market momentum has faded markedly in recent weeks, with markets becoming more volatile and, above all, more divergent. Growing doubts about the strength of the AI story have taken hold and triggered…

The 2026 US midterm elections have delivered Democratic control of both the House and the Senate. In our view, the outcome points to more political friction than policy transformation. But greater congressional oversight and constraints on the administration could make the policy backdrop more predictable…

César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The week in review Investors ran for safety last week, concerned about the sustainability of the artificial intelligence (AI) boom, social unrest in France, and fresh Middle East tensions. The flight to safety sent US 10-year…

Laurent Denize, Global Co-CIO ODDO BHF."A renewed euro crisis cannot be ruled out, given the long-term fiscal challenges facing a major eurozone member such as France. However, it is far from inevitable." Do you remember the euro crisis? It was a time of late-night crisis…

César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The week in review The S&P 500 fell 1.9% last week, hit by a tumble in big tech stocks as investors grew worried about the sustainability of the artificial intelligence (AI) boom. The Philadelphia Semiconductor Index…

César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The week in review This week will deliver key macroeconomic data, including the September US consumer price index report. Fresh US inflation data will provide an important indicator for rate hike expectations ahead of the Federal…

While a spike in bond yields leaves stocks looking relatively expensive, the continued rise in corporate earnings should see equities add to their gains over the coming months. Asset allocation: equities to add to gains as earnings eclipse valuations After a nine-month rally in equity…

César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The week in review The risk premium for French government debt versus Germany, or the spread, widened last week as investor concerns grew about France’s fiscal credibility. The 10-year OAT-Bund spread widened to around 150 basis…

“We were very optimistic about the markets at the start of the year.”  "We need to rewrite the script now," says Laurent Denize, CIO at ODDO BHF Asset Management. The AI market is not the only sector offering investment opportunities. The healthcare sector is also…

According to Jan-Christoph Herbst of German asset manager LAIQON, investors still underestimate how profoundly artificial intelligence will transform the economy. As manager of the LAIQON SICAV - Global Equities Unconstrained, he therefore favours companies that are already making money from the AI revolution today. He…