Autor: Nadja Bleuler
Chief Economist, Partner
Investment Outlook January 2024
Frayed Expectations The past year again confirmed that investors are compensated for taking on risk. Looking back, 2023 turned out to be an exceptional year for equities. In US dollar terms, the MSCI World global stock market index closed the year up 24 percent, fully recovering the previous year’s losses caused by central banks imposing [...]Investment Outlook October 2023
Deceptive Calm Despite the shadow cast over risk assets by the steepest rise in US policy interest rates since 1980, and even after last year’s losses, global stock markets have rewarded investors so far this year, especially in US dollar terms, even those who underweighted the tech heavyweights that profited from the AI hype. Markets [...]Investment Outlook July 2023
Restraint, please! Following the turmoil in the banking system in March, the second quarter turned out to be surprisingly tranquil, as any significant economic and financial fallout failed to materialise, at least thus far. While credit growth in the US and Europe visibly slowed, global business prospects evolved stably, mainly supported by strong consumer demand [...]Bilanz Private-Banking-Rating
Bilanz Private-Banking-Rating: In der höchstgelegenen Kirche Zürichs legten sich Banker ins Zeug. Die Jury entschied sich für Raiffeisen als Gesamtsieger. Nadja Bleuler, Chefökonomin von Marcuard Family Office, war Teil der neunköpfigen Jury. Zum Artikel
Investment Outlook January 2023
Come to stay The final quarter of 2022 saw wild price swings in asset markets, with changing expectations about the future path of inflation, monetary policy and interest rates again determining market moves. The markets were so intently focussed on inflation and interest rates that bad news on economic growth was seen as a positive, [...]Investment Outlook October 2022
It’s swing time The volatile capital markets in the third quarter may foreshadow what the economy will face over the longer term, with several factors suggesting that the global economy has transitioned from an era of placid moderation to one of elevated volatility. Economic conditions continued to cool in Q3 for the most part, while [...]Investment Outlook July 2022
Reality check As they did in the first quarter, central banks and financial markets had again to swiftly revise their expectations in Q2 about inflation, the path of monetary policy and the growth outlook. The first quarter’s narrative centered on inflation and the geopolitical risks that followed Russia’s invasion of Ukraine. The second quarter added [...]Banken vor dem Tribunal – Private Banking Rating
Zum 14. Mal machte sich BILANZ undercover auf die Suche nach der besten Bank. Erstmals setzte sich Raiffeisen durch. Nadja Bleuler, Chefökonomin von Marcuard Family Office, war Teil der achtköpfigen Jury. Download Artikel