Bruno Cavalier, Chief Economist ODDO BHF Asset Management. KEY HIGHLIGHTS: Donald Trump launched a tariff war earlier and more aggressively than during his first term. This has led to economic instability which has lowered household and market confidence The US economy is likely to slow…

Prof. Dr. Jan Viebig, Global Co-CIO ODDO BHF Asset Management. "Based on recently released corporate financial reports, we seen no reason to worry about widespread debt, and default rates remain moderate" European government bonds experience unusual volatility at the start of the year. Over the…

Quantitative strategies represent the best of active and passive approaches. They're able to generate additional alpha but at low cost and market levels of risk. David Wright, Co-Head of Quest, Quantitative Business Strategy Pictet Asset Management. The world of equity investing has long been divided…

By Laurent Denize Global Co-CIO ODDO BHF. "As unpredictability has become Donald Trump's defining characteristic, volatility will be a continuing feature of his presidency The good news is that the wind can also change direction violently (but positively this time) for other geographies such as…

Stagflation fears César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. Stock markets fell last week, and volatility surged on uncertainty over President Trump’s tariff and cost-cutting measures. A deteriorating economic picture in the US added to the unease, with stagflation fears fuelled by signs that…

Clément Inbona, Fund Manager, La Financière de l’Échiquier. Forget the Magnificent Seven, that exclusive club of US mega-stocks linked, in particular, to the tech and AI sectors. The new stock market darlings are “Le(s) S.T.A.R.S” – Leonardo, Saab, Thales, Airbus, Rheinmetall and Safran. These six…

Please find below a new comment from Frederik Ducrozet, Head of Macroeconomic Research, at Pictet Wealth Management, ahead of tomorrow’s Fed meeting. The policy rate should remain on hold. However, the Federal Reserve is expected to downgrade its 2025 GDP growth forecast, raise inflation projections,…

Far from the post-U.S. election consensus, since the beginning of the year, Europe appears to be taking its revenge on Wall Street. Anthony Bailly, Head of European Equity & Vincent Iméneuraët, European Equities Portfolio Manager Rothschild & Co Asset Management. The strong outperformance of the…