Investing

Pictet Asset Management. For many investors, government bonds are the bedrock of safety, while equities symbolize growth and opportunity. Credit, particularly Investment Grade and High Yield, is often seen as a riskier middle ground. Yet, over the past two decades, credit has consistently offered a…

Fiscal fight César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The House of Representatives narrowly passed the “One Big Beautiful Bill” that promises sweeping tax cuts, fuelling markets’ fiscal fears and driving US equities lower, and Treasury yields higher. The Congressional Budget Office (CBO)…

The Chinese indices, which are a long way from their highs, could embark on a solid uptrend. DeepSeek has surprised and erased the impression that China is lagging behindsign, a solid argument for the optimists. What if the downturn triggered by the trade war offered…

By Ermira Marika and Nithin Mallya, Pictet Asset Management. Recent market shocks—particularly the tariff measures introduced by the Trump administration—have significantly unsettled the global credit bond landscape. Higher inflation expectations have driven government bond yields upward, while fears over corporate earnings have widened credit spreads.…

Pictet Asset Management. Investors often view high yield credit with caution, largely due to fears of corporate defaults. But this fear is not only overblown—it also ignores how well-compensated investors are for taking on such risks. The risk of default is precisely why high yield…

Trading rooms have changed a great deal since the golden boys of the 1980s and 2000s. Today, the atmosphere is more subdued, dominated by electronic access and automated orders. The veterans of this era, immortalised in films such as "Wall Street", "The Wolf of Wall…

Laurent Denize Global Co-CIO ODDO BHF Asset Management. "There are 1,300 days to go until the next US presidential election. After 100 days, it is fair to say that the twists and turns have been much greater than initially expected" “Move fast and break things”…

Context And then there was calm. Relative calm, for now. The hurricane unleashed on global markets by President Trump’s sweeping trade tariffs, announced on 2 April, has turned into more of a regular storm thanks to a pause on the imposition of the levies for…

US loses its AAA status César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The week in review Equity markets rallied last week after the US and China agreed a reduction in tariffs at a meeting in Geneva. Under the agreement, tariffs on Chinese exports to…

David Ross, CFA, LFDE's emblematic American manager, was not wrong. At the end of 2024, he warned that the market would be going through some difficult times at the start of the year. The key to investment will lie in prudence over the next few…