Despite a slight recovery in late May, this year has been difficult for markets. Equities are down yearto-date, and government bonds have failed to provide protection as persistent inflation concerns have forced central banks to turn aggressive, says Pictet Wealth Management.
The situation remains fragile, adds Pictet in its 2H2022 outlook, as geopolitical tensions lead to “increasing weaponisation of assets”.
With prices of energy rising as a result of the war in Ukraine, food looks like it will be next, says Pictet, amid rising threats to Chinese tech stocks’ US listings.
