Beyond Markets

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. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts With many stock market indices having hit record highs in the first quarter of 2024, it is timely to look at some of the factors our analysts take into account when selecting their preferred stocks. Besides looking at the development of individual companies, it is also important to join the dots and see what the important drivers are in different sectors and subsectors. So, what has our attention currently? In this episode of the Beyond Markets podcast, Bernadette Anderko, Investment Writer, talks to Philipp Lienhardt, Head of Equity Research, about how his team approaches the process of stock selection, what sectors they favour currently and the subsectors that are set to offer good investment opportunities in the coming months.00:53 Stock selection – our process02:30 Background – the big picture     04:29 Why we are approaching the time for a style reversal05:18 Why we still prefer US stocks versus European stocks06:28 Our preferred sectors (Communications/IT)07:54 Why we don’t believe that there is an IT bubble08:59 Why we like the Healthcare sector and some specific segments10:27 Subsectors where we see value12:05 Consumer defensives – it pays to be defensive12:54 Our stance on luxury goods13:20 Our stance on European financials14:02 Looking forwards and considering US electionsWould you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

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. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts In this episode, we examine the recent central bank actions and review the asset market moves. In particular, we discuss our latest views on two popular funding currencies - the Japanese Yen and the Swiss Franc, how to think about the Japanese equity market if the Yen does appreciate, and why we should stick to quality stocks in the US.This episode is presented by Richard Tang, China Strategist and Head of Research Hong Kong at Bank Julius Baer.

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. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts Bitcoin has been getting plenty of attention so far this year and with the halving expected in around a month’s time, that is not expected to change. In this episode of the Beyond Markets podcast, Helen Freer, Investment Writer, talks to Manuel Villegas, Next Generation Research, about how the halving will work and what it means for the blockchain’s dynamics.Please note that this podcast is for educational purposes only and does not represent a recommendation of any kind with regard to Bitcoin or other digital assets.01:24 What has been happening with regard to Bitcoin so far this year?02:24 What is the Bitcoin halving and why is relevant? 03:56 The implications of the Bitcoin halving for mining operations05:40 How should Bitcoin mining companies be viewed in light of the Bitcoin halving? 06:36 Is past performance an indicator of future performance? 07:37 What can we expect for the Bitcoin market and broader digital asset markets now as result of the halving?  08:35 What does the Bitcoin supply schedule look like going forward? 10:11 What is the current state of demand versus supply?10:34 ConclusionsWould you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

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. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts A sequential rise in February core inflation is not cause for concern, as it is due to “residual seasonality”, an auto insurance outlier, and residential real estate which will come down. The S&P 500 index’s positive return in each of the last four months is something that only happened 16 times before; on average after those times, it returned 16% to the end of the year. There is a break-out in the downward trend of the Chinese stock market, and the gradient is turning positive in several economic data series there. Japan’s wages will be 5.3% higher than last year, the largest increase since 1991. We look for the Bank of Japan to raise the policy rate from -0.1% to 0.2% a year from now. This episode is presented by Mark Matthews, Head of Research Asia at Julius Baer.

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. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts In this episode, we talk about why we are still positive on Japanese stocks despite key indices retreating from all-time highs.This episode is presented by Cheng Hin Saw, Head of Equities Specialists Asia, and Kelly Chia, Deputy Head of Research Asia.

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. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts In this Next Generation episode of Beyond Markets Damien Ng, Next Generation Research Analyst at Julius Baer, and Laurenz Kellenberger, Chief Scientific Officer at Basilea, join us to discuss antimicrobial resistance, its causes, and its potentially devastating consequences.

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. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts Employment data suggests slower wage inflation and overall inflation ahead, and therefore lower interest rates. The S&P is up 26% since its interim low in October 2023, the same return as all of 2021, but in a third the time. A change pf key personnel at the US State Department may signify a change in policy. A cease-fire in Ukraine would be a real positive for Europe, and would also mean lower energy prices, a win for President Biden. Government and central bank sources in Japan are leaking that a policy change is afoot. If union-management wage negotiations for this year show a rise equivalent or more than last year’s, it would be the excuse the Bank of Japan needs to end quantitative easing, and raise interest rates. Even if the yen goes up 5% vs. dollar over the next 12 months (which is our forecast), it will still be one of the most competitive currencies in the world. This episode is presented by Mark Matthews, Head of Research Asia at Julius Baer.

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. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts Managing money successfully is more than just avoiding mistakes. For Julius Baer Chief Investment Officer Yves Bonzon, it comes down to having a solid investment approach built on core investment beliefs that provide a framework. This allows us to make investment decisions in a disciplined way and not based on the twists and turns of the market. In the first episode of our How we Manage Money series, Yves Bonzon joins journalist Hannah Wise to discuss this framework including how it helps us manage risks, spot and mitigate an incoming crisis, and incorporate the key forces driving the markets.  

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. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts In this monthly China update, our experts discuss top of mind issues including takeaways from the National People’s Congress, the role of quantitative funds in China and the outlook for the Hong Kong property market. This episode is presented by Richard Tang, China Strategist and Head Research Hong Kong at Julius Baer with Hong Hao, Partner and Chief Economist at GROW Investment Group.

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. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts In this episode, we talk about extended markets and a very data heavy week. Nvidia dethrones Saudi Aramco to be the 3rd largest stock in the world and we do a comparison of today’s Magnificent 7 stocks to the Dotcom. This episode is presented by Kelly Chia (Deputy Head of Research, Asia).