All United States articles – Page 10
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White papersThe Consumer Hangs In
Amid changing policy dynamics, fluctuating markets and swings in sentiment, the U.S. consumer has, so far, remained surprisingly resilient.
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White papersThe AI roadmap: Finding opportunities from evolving innovations
The latest earnings results from US technology firms offered valuable insights into the AI landscape and the pace of AI adoption. As innovation continues, AI is expected to grow. We explore where the AI roadmap is leading and what opportunities might be on offer for investors.
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White papersConfusing Correlations: What’s Really Behind Them?
In recent weeks we’ve witnessed extreme (and at times, puzzling) correlations among asset classes. In this paper, we break down the potentially misunderstood drivers of these strange dynamics and their implications for investors.
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White papersMacro Monthly: The ‘Sell America’ trade and its limitations
Market narratives change fast. Entering 2025, most investors were all-in on US exceptionalism. President Trump’s tax cuts and de-regulatory agenda were expected to boost the US growth and earnings outlook, while tariffs would be disproportionately negative for the rest of the world. Investors came into the year overweight US stocks and the US dollar.
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White papersEmerging Markets 2.0: The Tipping Point Is Here
The past decade has been one of “exceptionalism” for U.S. equities as technological innovation has created a league of American superstar companies driving extraordinary equity gains.
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White papersEmerging Markets hold steady amid softening US dollar, tariff uncertainty
In April, the volatility in global financial markets seen in March continued to ramp up. Notably, this included US financial markets, which exhibited a general pattern of a softening US dollar and rising bond yields. While some analysts have described this as a “classic emerging market crisis,” as veterans of actual emerging crises dating back to 1994, we consider this a wildly overstated perspective.
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White papersWinners and losers from the trade war: An equities view
Rising U.S. tariffs are creating winners in defensive, domestic sectors and losers in export-heavy industries. Investors are shifting toward value and international equities to manage trade-driven volatility.
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White papersUS high yield: What we can learn from April’s tariff turmoil
When Donald Trump returned to the White House, investors braced for how markets might react to a renewed escalation of global trade wars.
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White papersBRICS+ and contested global leadership: implications for investment management
The second study of the Pictet Research Institute explores the rise of the BRICS+ coalition as a counterweight to the G7 amid shifting economic dynamics. It examines how BRICS+ challenges the Western-led international system and the implications for investment strategies in a polarised world.
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White papersThe critical role of US debt sustainability in the world financial architecture
This first paper delves into the complexities of the US debt-to-GDP ratio, exploring its sustainability in the context of the United States’ unique position in the global financial architecture and geopolitical order. This research provides critical insights into how the US can maintain its economic stability and what the potential risks are if current trends continue. This publication is issued by the Pictet Research Institute.
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White papersIs EM Local Debt Benefiting From ‘America First’?
Emerging markets local debt is regaining momentum, fueled by shifting U.S. policy.
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White papersPrivate equity: The Red Thread – Private Markets – Edition May 2025
Private equity investors have had a busy 1H. The US administration’s 2 April tariff announcement took investors by surprise, leading to a global equity markets selloff as trade war fears intensified. The subsequent rollback of the tariff announcement also surprised equity markets, which rallied significantly on news of a pause. As with the 2022 tech-led selloff, private equity tends to lag the public markets, but is not immune from a turbulent market.
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White papersHouse Budget Bill Signals Higher US Deficit Trajectory
Proposed tax-cut extensions and higher debt costs could amplify fiscal concern.
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White papersUS rating slides, spending rises
“As US debt and fiscal deficits rise, leading to higher volatility in government bonds, investors should favour a global approach and explore opportunities in European bonds.”
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White papersHow should credit investors navigate such an uncertain backdrop?
Elevated uncertainty related to trade and industrial strategy in the US has led to a loss of confidence, which has had an impact on business activity. However, there remain pockets of opportunity in credit markets.
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White papersSovereign investors need to actively pick winners
Macro uncertainties and Trump’s policies will shape investment strategies in 2025
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VideoWhat word best encapsulates the current economic environment?
One word above all others stands out to describe market conditions over the last month: uncertainty. How are the credit team positioning themselves in the current economic backdrop? Mitch Reznick, Group Head of Fixed Income – London, outlines his views in this video.
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WebinarMDT Advisers: Can machine learning deliver a diversified alpha stream?
A new paradigm in the US calls for a new approach. Can sophisticated predictive modelling deliver a diversified alpha stream?
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White papersEuropean equities: resilience amid global trade tariff turmoil
At the beginning of 2025 we were “all in” for markets. But the bond market bear steepening was a dangerous signal. The meaning became clear: the dollar, which typically benefits from disruptions to global trade, has fallen and the US equity market, usually more insulated from trade shocks than Europe, has underperformed.
