Market insights
Macroeconomics
Macroeconomics · 28 Sep 2026
Weekly house view | Markets are a-Mused
The CIO’s view of the week ahead.
Macroeconomics · 25 Sep 2026
Energy independence and access to commodities in the era of electrification
Energy independence and secure access to commodities have become central to economic policy in the 2020s, shaped by geopolitical uncertainty, market volatility and the global climate transition.
Macroeconomics · 23 Sep 2026
From monetary independence to fiscal dominance?
In previous “Horizon” publications, we have highlighted several structural trends shaping economies, including demographics, deglobalisation, decarbonisation, debt and digitalisation. Successive crises – such as the Covid pandemic, the war in Ukraine, the trade war and the recent Middle East conflict – have exacerbated these trends.
Macroeconomics · 23 Sep 2026
The great scramble for resources
Today’s increasingly fragmented world is driving a dash to secure resource sovereignty. Across the globe, governments are prioritising energy security and access to key commodities in the face of conflicts, trade barriers and climate change.
Macroeconomics · 21 Sep 2026
Weekly house view | Xi-Trump, round two
The CIO’s view of the week ahead.
Macroeconomics · 21 Sep 2026
Stablecoins versus the digital euro
The rapid evolution of digital finance has brought stablecoins and central bank digital currencies (CBDCs) to the forefront of global economic discussions. Stablecoins, which are digital assets designed to maintain a stable value, have experienced explosive growth. This is prompting new regulatory frameworks and raising important questions about their impact on financial stability, monetary policy and the international monetary system. At the same time, central banks are exploring digital currencies to preserve monetary sovereignty and adapt to changing payment landscapes.
Macroeconomics · 15 Sep 2026
The 2020s in historical perspective
Sir Niall Ferguson has spent his career explaining how economic history can help inform contemporary policy decisions. His latest theory, dubbed “Ferguson’s Law,” highlights how US fiscal profligacy threatens the durability of American power just as a second Cold War is emerging between the US and China.
Macroeconomics · 14 Sep 2026
Weekly house view | Bonds not Ha-PPI
The CIO’s view of the week ahead.
Macroeconomics · 08 Sep 2026
Horizon 2026 – The race for resource sovereignty
A new era is upon us. The post-war, rules-based period of multilateralism has given way to multipolar rivalry and, by extension, heightened geopolitical tensions in a more uncertain world. At the core of this multipolar rivalry is a competition for supremacy between the US and China. And at the heart of their rivalry is a race for technological leadership – particularly in the field of artificial intelligence (AI). The superpowers’ quest for digital dominance extends to a competition for the resources needed to power the AI economy. Their fragile trade truce is indicative of a highly charged environment, in which “resource sovereignty” is the defining imperative.
Macroeconomics · 07 Sep 2026
Weekly house view | Fed waiting for CPI to decide
The CIO’s view of the week ahead.
Macroeconomics · 07 Sep 2026
Monthly house view | September 2026
Pictet Wealth Management’s latest positioning across asset classes and investment themes.
Macroeconomics · 31 Aug 2026
Weekly house view | Biggest oil deal in history
The CIO’s view of the week ahead.
Alternatives
Alternatives · 27 Apr 2026
Your private equity portfolio needs a passport
Geographic diversification in private equity buyout: implications across US and European markets.
Alternatives · 30 Jan 2026
Housing affordability, political optics and the limits of capital restrictions
The renewed political push to restrict institutional investors from purchasing single-family homes has re-emerged as one of the most potent housing narratives in the United States.
Alternatives · 15 Jan 2026
IPOs, AI and the unicorn proliferation: The themes exciting private equity technology investors for 2026 and beyond
Pictet’s technology thematic private equity team discusses the aspects of the innovation revolution, from AI to IPOs, that are at the top of investors’ minds as we enter 2026.
Alternatives · 31 Oct 2025
Investing in health through private markets amid global shifts
Following a roundtable discussion with healthcare investors and entrepreneurs in Milan, we share in a brief note some insights on investing in healthcare private equity today.
Alternatives · 15 Jan 2025
Beyond stocks & bonds: why universities invest in private assets
Some of the world’s biggest universities tap into private assets to generate returns for future generations.
Alternatives · 06 Dec 2024
Unlocking hidden wealth: the rise of private assets
Amid low interest rates and increased market volatility, private assets have enjoyed solid growth as investors adopt a longer-term view in the hope of strong returns.
Alternatives · 09 Oct 2024
GLP-1: Opportunity for humanity, risk for big pharma
New treatments for obesity could alleviate a global healthcare crisis, but also have the potential to disrupt some of the largest pharmaceutical incumbents.
Equities
Equities · 26 Apr 2024
Pictet Wealth Management rolls out a new strategic asset allocation
Yannick Bigeard, Head of Portfolio Structuring at Pictet Wealth Management, was interviewed by EQDerivatives on PWM's evolving strategic asset allocation and some important upcoming projects.
Equities · 17 Jan 2023
Things look up for Chinese equities
Faster-than-anticipated re-opening together with a range of technical and fundamental factors mean we are raising our year-end forecasts.
Equities · 22 Dec 2022
Our 2023 outlook for developed markets equities
Margin pressure will stifle 2023 earnings growth.
Equities · 21 Dec 2022
Our 2023 outlook for equity volatility
Prospect of recession will feed into volatility, with a chance we see renewed skew steepening.
Equities · 19 Dec 2022
Our 2023 outlook for emerging-market equities
Waiting for the stars to align.
Equities · 01 Sep 2022
The Swiss equity market: not to be ignored
Its defensive tilt explains a relatively high valuation.
Equities · 31 Mar 2022
China: a time for active management
Despite signs of economic stabilisation and low valuations, we remain cautious on Chinese equities.
Fixed income
Fixed Income · 27 Nov 2023
Emerging-market bonds: 2024 outlook
Emerging-market bonds, both government and corporate, will be an attractive source of portfolio diversification.
Fixed Income · 30 Aug 2023
The case for Asia fixed income
Asia investment-grade credits are well positioned to cope with the macro challenges ahead.
Fixed Income · 23 May 2023
Credit markets update
Challenging environment ahead
Fixed Income · 06 Apr 2023
Bonds’ roller-coaster ride may not be over yet
We believe market pricing of Fed rate cuts this year is premature, opening up the chance of a small rebound in two-year Treasury yields.
Fixed Income · 31 Mar 2023
Our 2023 outlook for Italian sovereign bonds
A ray of sunshine through the clouds.
Fixed Income · 31 Mar 2023
Our 2023 outlook for German Bund
Safe-haven status in question.
Fixed Income · 12 Jan 2023
Our 2023 outlook for emerging-market bonds
We expect Asian corporate bonds to make a comeback this year thanks to Chinese re-opening, while local-currency bonds could be helped by an end to US rate rises and currency trends.
Navigating Asia
Navigating Asia · 22 Jun 2023
Why the family mission matters
A successful legacy is rooted in the trust and communication of a family's vision.
Navigating Asia · 29 Mar 2023
Innovative Infrastructure for a Net Zero future
The backbone of the economy needs a facelift if it is to help the world reach net zero. Here's how rapid advancements in innovative solutions, smart cities, and $94tn could shape our sustainable future.
Navigating Asia · 24 Jan 2023
Why companies are increasingly focusing on a more purpose-driven approach
Business transformation & generation changes are playing a critical role in today's environment.
Navigating Asia · 14 Jul 2022
Anchoring your philanthropic efforts in Asia
Anchoring your philanthropic efforts in Asia
Commodities & metals
Commodities & metals · 26 Mar 2026
Gold turbulence
This month, gold prices have experienced a sharp decline after reaching record highs earlier this year. While short-term market forces have weighed on the precious metal, gold’s long-term appeal remains supported by ongoing geopolitical uncertainties and economic shifts.
Commodities & metals · 16 Jun 2023
Don’t write off gold
Despite short-term price weakness, gold’s longer-term prospects remain untarnished.
Commodities & metals · 14 Feb 2023
The curious case of official gold demand
Find out why demand for the precious metal has increased exponentially last year.
Commodities & metals · 29 Dec 2022
Our 2023 outlook for precious metals
Silver could perform stronger than gold next year, while platinum could outpace palladium.
Commodities & metals · 03 Dec 2022
Our forecast for oil prices in 2023
After temporary weakness, we expect prices to increase again as the year progresses.
Commodities & metals · 30 Sep 2022
Energy crisis: how will Europe cope?
The next six months look tough, but a bigger test awaits further out.
Commodities & metals · 07 Sep 2022
Switzerland’s energy vulnerability
Dependence on Russian gas imports and storage capacity issues could make for a hard winter.
Commodities & metals · 18 Jul 2022
Precious metals - Outshined by the Fed
Precious metals have been hit hard by an ever hawkish Fed, high interest rates and a strong US dollar.
Commodities & metals · 14 Apr 2022
Gold: ETF demand to the rescue!
Gold has proved quite resilient to the rise in US real rates and could maintain its attractions over the medium term.
Commodities & metals · 04 Mar 2022
Surge in energy prices delays expected peak in inflation
Europe in particular is vulnerable to the impact of the Ukrainian conflict on commodity prices.
Commodities & metals · 10 Dec 2021
Gold and silver face near-term hurdles
Rising rates are likely to take a toll on investment demand for gold and silver in the coming months, but longer term the outlook looks brighter.
