The 6-month rally in equity markets is likely to lose momentum or even reverse if recessionary risks materialise later in 2023. Corporate earnings are likely to remain under pressure in an environment still hampered by low growth and persistent inflation. Lifted by a six month rally, current valuation s are not very attractive and do not fully reflect recession and financial instability risks. A defensive bias remains appropriate.
Macro Neither too hot nor too cold, but precarious
Wall Street's enthusiasm following the publication of satisfactory inflation figures is overdone.
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Macro Caramba, another miss (except in Switzerland)!
After a sharp correction in December, bonds have delivered disappointing annual returns in 2024.
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Corporate Happy Holidays 2024
✨ Christmas magic is in the air! It's that time of year again when we feel like kids, full of joy and wonder when unwrapping ...
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Macro Goldilocks extends its holiday in the USA
A mild labour market and friendly central bankers reinforce the prevailing optimism.
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Corporate Social Responsibility Durabilité et accomplissement
La durabilité est aussi une composante non négligeabled’accomplissement car le rôle des organisations ne se limite plus à larecherche de rentabilité. La volonté de créer ...
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Corporate Les banques privées Gonet & Cie SA et ONE swiss bank SA joignent leurs forces et créent un acteur de premier plan en Suisse
Gonet & Cie SA et ONE swiss bank SA ont le plaisir d’annoncer leur rapprochement pour donner naissance à un acteur de premier plan dans ...
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Macro The “red wave” sparks enthusiasm
Donald Trump's return to the White House, however, entails several risks for bond investors.
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Macro The hawks are sleepy, the vigilantes are waking up
The Federal Reserve's dovish stance and the prospect of a Donald Trump victory undermine bonds.
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Corporate Social Responsibility Durabilité et intégrité
Dans un contexte où le risque d’écoblanchiment est de plus en plus scruté par les autorités de surveillance, notamment au sein du secteur financier, nul ...
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Macro Economic data validate Fed’s plans
Defying predictions of any sort of landing, the US economy continues to fly at high altitude.
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