Azimut Genesis Advisors

FED OVERDO, PBOC OVERDUE This is the title of the new issue of #AzimutGlobalView, the summary document of the investment views of our Global Team that work in synergy and integration with the distribution network. 🔹 The Fed began its rate cut cycle with a 50 bps reduction, more than the market expected, and slashed projections of where rates might be at the end of 2024 and 2025. 🔹 Given the trajectory of inflation and the weakening labor market, the Fed is likely to deliver the cuts projected by the dots, with the possibility of doing more if needed. 🔹 After years of market-hostile policies, China has finally pulled out the monetary and fiscal bazooka. The rebound that started last week still has legs. #Azimut #AzimutGlobalView #AzimutGlobalTeam

DISSENTERS ARE WELCOME This is the title of the new issue of #AzimutGlobalView, the summary document of the investment views of our Global Team that work in synergy and integration with the distribution network. 🔹 The ECB delivered a “hawkish cut,” downplaying the ongoing economic slowdown in the EU and tempering expectations of a series of rate cuts 🔹 Macroeconomic data in the U.S. confirmed the ongoing slowdown in the labor market, and the reduction in inflation despite the resilience of sticky components 🔹 The best scenario for markets is one in which the Fed's decision is not unanimous, regardless of whether the cut is 25 or 50 bps #Azimut #AzimutGlobalView #AzimutGlobalTeam

JACKSON MEETS SAHM This is the title of the new issue of #AzimutGlobalView, the summary document of the investment views of our Global Team that work in synergy and integration with the distribution network. 🔹 Financial market volatility resurfaced in August, as the unwinding of leveraged trades in equity and currency markets amplified the initial reaction to a negative US jobs report 🔹 At the Jackson Hole economic symposium, Chair Powell said “the time has come for policy to adjust “, opening the door to the beginning of an easing cycle 🔹 Inflation releases continue providing encouraging signals on both sides of the Atlantic, with both European and US inflation within reaching distance from the respective Central Banks’ targets Find out more: https://lnkd.in/gb4MTC9 #Azimut #AzimutGlobalView #AzimutGlobalTeam

#Independece, #training and #globaloutlook are some of the aspects that describe what it means to work at Azimut. A Group where it is people who make the difference, professionals who gain skills and experience in a unique and dynamic path. 💼 Like Azimut, we are always looking for people driven by ambition, results orientation and a global perspective. 👉🏻 If you are interested, find out what job positions are open, visit the site: https://lnkd.in/dtvWhsWr

Since May, Sanctuary Wealth and tru Independence have united, creating a combined force with over 120 firms and $42 billion in assets. Our focus is on leveraging our shared strengths. The acquisition has allowed us to improve experiences for both advisors and clients. We’re enhancing business development and advisor recruiting, offering unique choices for affiliation. Our combined strengths—Sanctuary’s scale and tru’s expertise—are already driving positive results. We’re excited about the future and the value we’ll bring together! Read more here: https://lnkd.in/eanZyw5D #WealthManagement #FinancialServices #SanctuaryWealth #truIndependence

Azimut Holding’s Board of Directors approved today the consolidated results as of 30 June 2024 Pietro Giuliani, Chairman of the Group, points out: “With today’s half-year report, in the final year of the industrial plan in which we announced five years ago that we would increase our net profit by € 50 million per year, we are on track to exceed the target of € 500 million in net profit (from the € 250 million from which we started five years ago). Read the full press release: https://lnkd.in/dGBv76Mv

THE PATH IS SET This is the title of the new issue of #AzimutGlobalView, the summary document of the investment views of our Global Team that work in synergy and integration with the distribution network. 🔹 The latest batch of U.S. macroeconomic data confirms that the economy is moderately cooling, strengthening the expectation of a soft landing 🔹These developments are paving the way for a rate cut by the Fed in September, which is expected to be announced this week and is already fully priced in by the market 🔹 Equity markets have experienced a healthy rotation, with growth stocks consolidating after a strong rally. This week's earnings reports by 4 of the Magnificent 7 could trigger a resumption of the bullish trend Find out more: https://lnkd.in/gb4MTC9 #Azimut #AzimutGlobalView #AzimutGlobalTeam

🌎 With the Treaty of Tordesillas in the late 1400s, the Portuguese Empire became the first global empire in history, possessing the western half of the "New World," including Brazil, Africa, and Asia. Portugal is a nation rich in traditions and history, as it is the oldest country in Europe, having established its borders as early as 1139 when Afonso Henriques became king. Today, this historical legacy serves as a catalyst for the tourism industry, which, as Miss Market reminds us, is a fundamental pillar of the economy, attracting millions of visitors each year and significantly contributing to the GDP (about 20% in 2022) through revenues from accommodations, restaurants, transportation, and related activities. 🌱 Another central element of the country's economy is agriculture, with the production of wine, olive oil, citrus fruits, and vegetables, which contributes to job creation and the export of high-quality products. 🌃 The real estate sector is also becoming increasingly attractive to foreign investors, especially in the Porto area and the northern region. ✈️ Continue to follow Miss Market's journey through the countries where the Azimut Group is present!

TOWARDS A SEPTEMBER CUT This is the title of the new issue of #AzimutGlobalView, the summary document of the investment views of our Global Team that work in synergy and integration with the distribution network. 🔹The latest macroeconomic data confirmed that the US labor market is softening, albeit it still remains quite robust 🔹 U.S. inflation data came in below expectation for the second month in a row, bolstering hopes that rates might be cut already in September 🔹 Should this scenario materialize, the short ends and the belly of the curves are the segments to be preferred, while caution is still needed on the long ends Find out more: https://lnkd.in/gb4MTC9 #Azimut #AzimutGlobalView #AzimutGlobalTeam

FRENCH ELECTION This is the title of the new issue of #AzimutGlobalView, the summary document of the investment views of our Global Team that work in synergy and integration with the distribution network. 🔹 The far right and far left parties are the two clear winners of the first round of elections in France, winning about 60% of the votes with a record turnout 🔹 Although projections suggest that the Rassemblement National will fall short of a majority, surprises cannot be ruled out in the second round, especially in constituencies where the runoff will be between far-right and far-left candidates only 🔹 Financial markets reacted positively, believing that with a hung parliament, major reforms or fiscal slippages would not be possible #Azimut #AzimutGlobalView #AzimutGlobalTeam