Coronavirus crisis

Luca Paolini (Pictet Asset Management): “The US Job Market Is Deteriorating at a Rate 10 Time Faster Than in The Great Financial Crisis”

Date:

Luca Paolini Pictet AM

Author: Meritxell Sedo

  1. According to Luca Paolini, Pictet Asset Management’s (Pictet AM) Chief Strategist, we are living in unprecedented times and this is consequently an unprecedented bear market
  2. There is a general feeling that the market is overacting, that investors are panicking, but in Paolini’s view, the market is behaving rationally
  3. For now, Pictet Asset Management is maintaining a defensive bias. Depending on how the economic recovery turns out, they will look for deep cyclical or quality growth stocks