Julius Baer CEO Says Worst Is Over After Challenging 1H

The video discusses the current market volatility, highlighting the shift from record profits to challenging conditions. It covers deleveraging trends, particularly in Asia, and the cautious stance taken by clients. The discussion extends to inflation, potential recession, and investment opportunities in credit and equities. The impact of interest rate changes on net interest income and cost management strategies are also explored. Finally, the video addresses hiring strategies and geopolitical risks, emphasizing the need for preparedness in uncertain times.

What factors contributed to the exceptional circumstances in the first half of the year?

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How has client activity in the market changed over the first few months of the year?

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What are the potential implications of inflation on the economy according to the speaker?

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What strategies are suggested for clients to prepare for different macroeconomic scenarios?

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How does the speaker view the current state of the credit market?

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What is the speaker's perspective on the hiring strategy for the front end of the business?

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What challenges does the speaker identify regarding political event risk?

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