Investing

Macron’s gamble César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. The week in review US equity indexes rose last week, with the S&P 500 up 1.6% and the Nasdaq up 3.3% (both indexes in USD). Some prominent tech-related names were at the forefront of gains, while…

Take advantage of the turmoil in the bond markets to build a position. Since the results of the European elections in France showed a massive victory for the far-right, and the subsequent announcement by President Emmanuel Macron of the dissolution of the French National Assembly,…

Please find below a comment from Michael Hart, Senior FX Strategist at Pictet Wealth Management, on the Bank of Japan. At today’s meeting, the BoJ decided to leave rates unchanged at 0-0.1% (as expected) and to cut the size of its bond purchases. This was…

Please find below Xiao Cui’s, Senior Economist at Pictet Wealth Management from the FOMC meeting. The FOMC left rates unchanged and is in no hurry to cut. Interest rate projections moved up to show just one rate cut in 2024 (down from 3), fewer than our expectation of two.…

The historic tightness of credit spreads and the delay in US rate cuts is impacting the relative attractiveness of US investment-grade credits. Lauréline Renaud-Chatelain, Fixed-income strategist, Pictet Wealth Management. After months of tightening, credit spreads look tight compared to their historical ranges, especially for US…

Please find below a new comment from Xiao Cui, Senior Economist, at Pictet Wealth Management, ahead of next Wednesday’s Fed meeting : The new dot plot and Chair Powell’s press conference will take center stage at the FOMC meeting next week, where we expect no…

Please find below a new comment from Frederik Ducrozet, Head of Macroeconomic Research, at Pictet Wealth Management, on today’s ECB meeting: ECB: one step at a time As widely expected, the ECB cut its key rates by 25 basis points, bringing the deposit facility rate…

June 2024 Prospects for the world economy have improved and interest rates are about to fall. That's a positive backdrop for stock markets in the near term. Asset allocation: from soft-landing to no-landing Not so long ago, the markets were convinced that the US would…

Below you will find a new commentary by Lauréline Renaud-Chatelain, ​ CIO Office & Macro Research at Pictet Wealth Management. SUMMARY Corporate bonds have outperformed government bonds this year, mainly due to spread tightening and corporate bonds’ more elevated yields. Credit spreads now look particularly…