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 Sustainability and accomplishment
Sustainability is also a significant component of achievement, as the role of organisations is no longer limited to the search for profitability. The desire to ...
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Corporate Le banche private Gonet & Cie SA e ONE swiss bank SA uniscono le loro forze e creano un attore di primo piano in Svizzera
Gonet & Cie SA e ONE swiss bank SA hanno il piacere di annunciare la loro fusione, che punta a dare vita a un operatore ...
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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 Sustainability and integrity
At a time when the risk of greenwashing is coming under increasing scrutiny from supervisory authorities, particularly in the financial sector, there is no denying ...
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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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