valid from 17.09.2024
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Model portfolios – Swiss focus
Hot-cold bath
The market turbulence at the beginning of August was followed by a rapid recovery, which however proved to be unsustainable. At the beginning of September, ongoing economic concerns in the US put the markets under pressure once again. The markets are thus behaving like a hot and cold bath, with either fear of an economic downturn or optimism that the bad weather will soon pass dominating in turn. Overall, the situation remains fragile and we continue to remain cautiously positioning.