Investments, no panic if the risk profile is right
If properly invested in terms of risk profile, it is worth waiting. If one wants to invest, gold and corporate bonds are to be preferred
2' min read
2' min read
Don't panic. If properly invested in terms of risk profile, the retailers would be better off waiting. On the other hand, if one wants to invest now, gold (for those who do not have it in their portfolio yet) and very highly rated eurozone corporate bonds are to be preferred. This is how Jacopo Ceccatelli, head of institutional client management at Finint Private Bank, sees it in this phase of great chaos in the financial markets.
The markets' decline does not seem to be stopping, investors (especially retail) are in a 'justified' panic?
After such a long and important run of stock markets from 2020 to early 2025, especially American ones, a correction was to be expected. However, such a strong and violent correction movement was certainly not expected. It seems that the markets are starting to question the so-called 'American exceptionalism', i.e. the fact that US companies (and thus the related stock market) are able to produce innovation and profits at multiples of the pace of the rest of Europe. It is too early to make medium-term assessments, not least because the markets remain highly dependent on day-to-day news. Certainly, if a real global war of tariffs were to be confirmed, the correction could continue.
The post-Lehman Brothers financial crises of September 2008 and the 2020 pandemic come to mind: are there similarities with the one of these days?
With the Lehman crisis at the moment, I would say that there are no analogies (it was much deeper and more prolonged), while with the pandemic crisis, the analogy could 'hold' if the market nervousness of these days were to be quickly recessed. In the case of the pandemic, the market panic lasted very little, thanks in part to the response of all the major governments. It is to be hoped that even in the current situation there may be measures (or perhaps reprieves) that quickly bring some more serenity back to the markets.
