Francois Savary CIO www.genvil.ch
Which US stock market sectors to favour in 2025 Small and Mid caps Pharmaceuticals Big Tech and Mag7 Consumer durables and consumer staples European stocks should reduce underperformance in 2025 Swiss market underperformance Chinese stocks are wait and see depending on real government measures. Luxury will benefit from strong US economy and Chinese economic growth measures. USD is overly strong and will weaken to 110 – 112 level against Euro by end 2025. Can we debunk Dow Theory and ignore it in todays high tech driven economy. 2025 risks relate to inflation and Europe needs to make meaningful progress on the European project following German elections and anticiptaed political change in France.
