(Wow!) GDP #deflator (change) in the euro area and in #Germany, chart @nghrbi @PictetAM

Pictet holt ETF-Vertriebsmanager von J.P. Morgan: Pictet Asset Management meldet einen neuen Leiter für den ETF-Vertrieb. Er hat bisher bei der amerikanischen Grossbank in Paris gearbeitet. #PictetAM #AlfredLeLéon

K-shaped economy
US consumer confidence by income bracket, chart #PictetAM

In the US, #stagflation also remains a risk – consensus US GDP estimates have been coming down sharply during the past few months, while forecasts for #inflation remain well above #Fed’s target, chart #PictetAM

#Pictet Research expects a further decline in valuations as the overall market trades at 20x, compared with 16.5x, a level we expect a multiple to be under #recessionary condition, chart @PictetAM

As investors reprice the risk of US capital, the #term premium – a component of UST yields – has climbed to the highest in over a decade, chart @PictetAM

(my two cents) There is no need for hysteria – US dollars don’t originate from China – Washington is supplying #China with US dollars - chart @PictetAM

#euro area @ECB is expected to accelerate the easing of financing conditions and bring forward convergence to neutral (which is estimated around 2%), with 25bp #cuts at each GC meeting from now until June 2025, chart @PictetAM

The increase in #inflation-linked Govt bond yields (i.e. #real yields) has been more significant in countries where economic growth is perceived as the strongest, chart @PictetAM

#core #inflation US vs #euro area, chart @PictetAM

Frederik Ducrozet notes that the #disinflation process in the #euro area remains firmly on track, and that concerns over a wage-price spiral are misplaced, chart @PictetGroup @PictetAM

La Cour suprême invalide les droits de douane ⛔😮⚡

La Cour suprême invalide les droits de douane ⛔😮⚡ "Les revenus générés par les tarifs c'est entre 26 et 30 milliards de dollars par mois" 💬 Alexandre Tavazzi pour @PictetAM
🎙️ @GuillSommerer

Il nuovo #BLUERATING è in edicola. #BFCMedia #PictetAM #FondazioneEnasarco

Pictet AM Appoints New Co-Head of Sales from Robeco: Pictet Asset Management has hired an experienced sales executive from Dutch asset manager Robeco. The current Head of Sales Europe will move into an advisory role until his retirement. #PictetAM #MalickBadjie

Pictet AM holt neuen Co-Vertriebschef von Robeco: Pictet Asset Management hat einen erfahrenen Vertriebsmanager vom niederländischen Vermögensverwalter Robeco geholt. Der derzeitige Vertriebschef Europa übernimmt bis zur Pensionierung eine beratende Funktion. #PictetAM #MalickBadjie

Lead26: Künstliche Intelligenz für besseres Asset Management: Laurent Gaye, Chief Technology and Operations Officer bei Pictet Asset Management, spricht am LEAD26 in Zürich über die Transformation durch künstliche Intelligenz. #PictetAssetManagement #PictetAM

@BloombergRadio: Jon Withaar, Head of Asian Special Situations @PictetAM on investment opportunities in Asia.
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