EFI

Supreme Court reviews Trump tariffs César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The US government shutdown, now the longest in history, is leaving markets to pore over private data to gauge the economy’s health – and last week they got a fright. US-based…

Emmanuel Petit, General Partner, Head of Fixed Income; Julien Boy, Fixed Income Portfolio Manager Specialisation: Govies & Inflation et Samuel Gruen, Fixed Income Portfolio Manager Specialisation: Relative Value Rothschild & Co Asset Management. While equity markets continue to grab the spotlight, fixed-income markets are entering…

Waiting for the Supreme Court César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The week in review The Federal Reserve lowered interest rates by 25 basis points last week with a “hawkish cut”, signaling resistance to a further reduction in December. The market adjusted…

The world is entering a new economic era where demographic and technological forces are reshaping the foundations of growth. According to the latest report from the Pictet Research Institute, titled Demographics and Technology, the twin trends of population ageing and declining birth rates in advanced…

For the past ten years, Pictet Asset Management’s Robotics Strategy has delivered impressive returns for investors looking to take advantage of the next technology revolution and the rise of intelligent machines. In a decade characterised by geopolitical frictions, trade wars and tariffs, global supply chains…

Fed focus César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The week in review Global stocks rose last week on robust corporate earnings and cooler-than-expected US inflation, which reinforced expectations that the Federal Reserve will cut interest rates this week. Expectations for the cut,…

The third quarter of 2025 stood out for a spectacular rebound in global markets, driven by the signing of trade agreements between Washington and its partners, corporate earnings far exceeding expectations, and the first interest rate cut by the U.S. Federal Reserve in over a…

Cockroaches in the market César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. US 10-year Treasury yields fell below 4.0% last week on concerns about banks’ exposure to private credit as some regional lenders said they had been exposed to fraudulent loans, sparking a warning about…

Last year, we identified a deteriorating fiscal backdrop in the US and argued that the unique status of the dollar as the world’s reserve currency and the depth of the US capital markets provide exceptional fiscal leeway. We also said US debt and deficit reduction…

When Chinese artificial intelligence startup DeepSeek launched a large language model in January with a similar performance to that of US rival OpenAI at a fraction of the cost and computing power, it did not just set the stage for a battle between the US…