Edmond de Rothschild Asset Management’s latest Market Flash highlights shifting monetary dynamics and uneven corporate performance across major economies.
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Monetary policy: The Fed and Bank of Canada each cut rates by 25 bps, but Jerome Powell hinted at a pause amid policy divisions, while the ECB and BoJ held steady.
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Earnings landscape: U.S. companies beat expectations—notably in tech—while European results lagged, with only 56% outperforming forecasts.
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Strategic outlook: The firm maintains a neutral stance on duration and favors emerging market debt and credit over equities, where risk premiums remain thin.
How might diverging policy paths and earnings momentum reshape portfolio positioning in the months ahead?
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