"In the fog and rumours of the market, you have to be able to distinguish the true from the false" In his regular presentation at the beginning of May, Christopher Dembik, Investment Strategy Adviser at Pictet AM, gave an analysis of the economic data, with…

Tariffs de-escalation César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. A historic week ended with white smoke – or “fumata bianca” – rising from the Vatican, where cardinals elected the first US pope, and with the US and China agreeing to major tariff reductions for…

David Ross, CFA, International Fund Manager, La Financière de l’Échiquier. During his first 100 days in office, Donald Trump has orchestrated a series of wild policy U-turns that have unsettled markets and created a climate of uncertainty. By erasing any sense of normalcy, the President…

China plays hardball César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. President Trump pivoted to a softer stance on China tariffs last week and said he had no intention of firing Federal Reserve Chair Powell, helping markets rebound. Trump said US tariffs on Chinese…

Prof. Dr. Jan Viebig, Chief Investment Officer, ODDO BHF AM. It seems that markets could be enjoying a breather after a rollercoaster ride in April. Recent statements from the White House have sounded a somewhat more careful note. While acknowledging that tariffs on Chinese imports…

Technology is ushering in a new generation of healthcare, supported by specialised tools that can help speed up drug discovery and treatments. Once, the world dreamed of having a pill for every ill. Today, next generation therapies are changing our perspective, making it possible to…

Anthony Bailly, Head of European Equity Rothschild & Co Asset Management. Over the course of the quarter, the indecisiveness of the new Trump administration weighed on the confidence of both US consumers and businesses. The latest decisions on tariffs heightened these concerns, leading observers to…

Context We live in extraordinary times. President Trump’s sweeping trade tariffs, announced on 2 April, have dealt a major shock to the global economy, challenging the international trade system as we know it. While followed by a stunning U-turn on 9 April, uncertainty is likely…