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EFI

Investing

Trump 2.0

Musk Tok César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. While they remained on tenterhooks to discover the first concrete decisions Donald Trump takes after his presidential inauguration today, US stock markets rebounded last week. This was thanks to some relatively benign inflation and economic data…
EFI
24 January 2025
Investing

Fed on hold

Hot jobs César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. The good news on the jobs front proved bad news for stocks last week. The S&P 500 declined 1.9% (in USD) as the December nonfarm payrolls report dampened hopes for further Fed rate cuts. US Treasury…
EFI
21 January 2025
Investing

Central bank week

Hawkish Fed cut César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. A fading of post-election sentiment was evident in S&P 500’s -0.6%  performance last week (in USD). In addition, a 25 bps rate cut by the Fed this week is already baked in, while data…
EFI
21 December 2024
Investing

ECB preview: another 25bp rate cut

Please find below a new comment from Nadia Gharbi, Senior Economist, at Pictet Wealth Management, ahead of this Thursday’s ECB meeting: What do we expect? We expect the ECB’s Governing Council (GC) to continue its sequential easing by announcing a further 25bp rate cut on…
EFI
12 December 2024
Investing

A time of transition

Leadership changes César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. The S&P 500 gained 1% last week (in USD), while the tech-heavy Nasdaq was up 3.9%. Yet while the November jobs report was seen as enough to ensure a Fed rate cut next week, contributing to…
EFI
12 December 2024