Q1 earnings season. A battle between investor sentiment and the fundamentals

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments.

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This year’s sell-off in equity markets has been disproportionately driven my investor sentiment. However, as sentiment is only a short-term driver of asset prices, it’s important to look at the fundamentals, i.e. the earnings of businesses, to determine their long-term growth outlook. In this episode, our experts Mark Winterburn, Head of Advisory UK, and Thanh Cung, Senior Portfolio Manager in London, share their insights on the latest earnings season and whether or not this drop in consumer sentiment has translated into disappointing results.