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 In this episode of the monthly podcast series with our China partner GROW Investment Group (GROW), Richard Tang, China Strategist and Head Research Hong Kong at Julius Baer and Hong Hao, Partner and Chief Economist at GROW, share their outlook for the Chinese economy. What are the reasons for the weak data? Is more stimulus needed? What is the outlook for the property market? And with the RMB depreciation, when will the People’s Bank of China intervene? Tune in as our experts discuss these and other pertinent questions investors are asking.

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 Pride Month celebrates and commemorates lesbian, gay, bisexual, transgender, queer (LGBTQ+) pride which began after the Stonewall riots in the US in 1969. In this special diversity and inclusion episode we talk to Dr Rayner Tan, Chairperson and Director of The Greenhouse, about the progress that has been made since then, the importance of allyship, LGBTQ+ Youth, and Rayner’s personal story that eventually led him to serve in The Greenhouse. The Greenhouse is a substance addiction and trauma recovery centre for marginalised communities, providing customised care that is holistic and integrated, within a safe and supportive environment. The targeted communities are LGBTQ+ members, ethnic minorities, trauma survivors, people with inbalanced mental health, addiction issues, living with HIV/AIDS, as well as for ex-offenders who have been incarcerated and who may face challenges with reintegration back into family and society. The Greenhouse, www.thegreenhouse.sg, is mainly funded by donations. 

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 of the week in markets, Equities Research Analyst Jen-Ai Chua discusses the progress made in resolving US debt ceiling issues, and key US economic data releases this week. Interest rate outlook remains murky as dovish comments from the May FOMC minutes are mitigated by stickier PCE inflation in the latest UMich survey. Meanwhile, the rally in AI stocks, led by Nvidia’s mind-blowing revenue guidance, shows no sign of abating, driving the NASDAQ’s best start to the year (relative to the Dow) and outperformance in the tech heavy North Asian markets of Korea and Taiwan. Earnings outlook for Asia as a whole is, however, muted, on single digit cuts to 2023E earnings post the Q1 results season. We expect investors to remain on the sidelines until the FOMC meeting on 13-14 June.

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 Following a thrilling career, Formula 1 world championship winner Nico Rosberg retired from motor racing in 2016. But life off the track has proven no less fast-paced. In this Beyond Markets interview, Nico discusses balancing his business and investment goals – including his involvement in the electric motorsport series Formula E – with family life and philanthropy.

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 discuss how the tide appears to be turning in favor of the Singapore REITs, as their leveraged business model which worked against them when interest rates were rising, are now less of a disadvantage as rates approach a peak. Our more positive sector view is qualified by the observation that rates - while plateauing - are nonetheless expected to remain high, crimping distribution growth. We have a preference for the retail and new economy industrial REITs in the current climate.

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 The S&P 500 index has now retraced 50% of last year’s bear market decline. Once that milestone had been breached in previous bear markets since World War Two, the index was up 12 months later in all instances. It was also up 12 months later following the last rate hike of all the rate hike cycles since 1980, with the exception of one (the year 2000). With the pace and magnitude of the current rate hike cycle the fastest in history, our view is it is over, with the last rate hike occurring three weeks ago. The big surprise this year is the V-shaped recovery in technology stocks, with the Nasdaq 100 up 30% since the beginning of the year. Usually after such a big sell-off as last year’s, time is needed to build a base. Last week hedge fund manager Stanley Druckenmiller said "AI is very, very real and could be every bit as impactful as the internet". While valuations of some of the purer-play AI stocks are back to dot-com highs, for others, compound annual growth rates over the next five years mean they will be significantly cheaper than the S&P 500 index.This episode is hosted by Mark Matthews, Head 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 The Tokyo Stock Price Index has returned 12% in yen and 8% in dollars this year, on par with the S&P 500. Japan lifted Covid restrictions only recently, so the recovery that happened in the West last year is happening there now. We anticipate the Bank of Japan will widen its yield curve control band or even abolish it, during its June or July meeting, and see the dollar yen rate 10% higher than where it is now, in a year's time. There is an argument that wage inflation and corporate reform will force Japan Inc.'s 8% return on equity higher. We believe the combination of a declining population and low profit margins will keep it low. However, some Japanese companies are leaders globally in what they do, with returns on equity above 20%. They have been good stocks to own over the past five years, and should continue to be going forward too. This episode is hosted by Mark Matthews, Head 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 of The Week in Markets, we recap the key topics on the US economy and explain the US market resilience.  More importantly, we discuss Japan. the new interest of global investors.  With reopening, Warren Buffet’s recent investments and the Tokyo Stock Exchange’s reform initiatives, some optimistic investors see Japan as a new investment idea in addition to the existing positions in the US.  What does Julius Baer think about the Japan market and what is the best way of implementation?  This episode is presented by Richard Tang, China strategist and Head of Research Hong Kong for 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 podcast episode, we explore the world of structured products and how they can provide unique investment solutions in any market environment. To find out how investors can customise structured products to suit their investment goals and needs, listen to our latest episode of the Beyond Markets podcast: “Structured Products – Versatile solutions to complement portfolios” with Goh Wai Meng, Head Solutions & Sales Structured Products Singapore and Amos Wong, Structured Products Specialist in Singapore.

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 of The Week in Markets, it's too early to say the rout in regional bank stocks is over, but the big deposit outflows seem to have stopped. Julius Baer financial company analyst Roger Degen has identified six regional banks with structural weaknesses, but none have assets in excess of $100 billion (Silicon Valley Bank had $209 billion in assets), and a proposed increase in the federal government guarantee of for business deposits appears to have calmed nerves. The Federal Reserve’s interest rate hike last week was probably the last of this cycle. Chairman Jerome Powell said that inflation probably isn’t going to come down quickly, so it would not be appropriate to cut rates.” Still, the economy is in remarkably good shape, and we think if there is a recession it will be only a small contraction over a couple of quarters. In that event, assuming inflation remains above 3%, S&P earnings growth would still be positive. Looking at the performance of the S&P after the last rate hike of rate of the previous ten rate hike cycles, in only two of them was the index down a year later, and the average return including them was 14%.This episode is presented by Mark Matthews, Head Research Asia at Julius Baer.