The global economic recovery is hitting on all cylinders. “However, the global equity market in its function as a huge discounting mechanism has already anticipated much in the way of future positive developments”, said Till Christian Budelmann, Chief Investment Officer at the Swiss Private Bank Bergos. Despite excellent macroeconomic and microeconomic numbers, he therefore expects a volatile sideways movement in the equity markets – at least until more clarity emerges regarding the trend of inflation. Long-term bond yields will probably rise further in the near term. (…)
28.02.2026