Prior to joining Parkview, Evelyne worked as Senior Associate / Trust Officer for more than 10 years first at Qubus Management AG and, after the merge, for Vistra Zurich AG.
Evelyne holds a diploma in business administration (dipl. Betriebswirtschafterin HF) and is fluent in German, Spanish and English and has good knowledge in Portuguese and French.
Background in M&A and Investments advisory comprising M&A (buy- and sell-side), Direct Investments, Capital raising, Valuation, Due Diligence.
Elena joined Parkview in July 2022. Prior to joining Parkview, Elena held positions as a Corporate, Banking, Immigration Administrator and AML/KYC and Client Acceptance Officer in the Cyprus Legal and Corporate Services Sector.
Elena holds an LLB (Honours) degree in Law and Legal Practice Course (LPC) from the University of Manchester.
The US economy has defied all expectations over the past year. A much-anticipated recession in 2023 never materialised. The economy accelerated in the last quarter of the year. So far in 2024, the economy appears to be growing at a healthy clip of 2.5%. Unemployment is at exceptionally low levels. Growth in employment has been exceeding expectations, while job openings continue to exceed the number of unemployed people. This should all be good news.
Sometimes, the more things change, the more they stay the same. The past year has been confounding for most economists. Economic data and historical precedent suggested that a US recession was likely. Yet the year came to an end with continued strength in economic activity. At the same time, inflation declined rapidly and, by some measures, reached the Fed’s target by year-end. The “soft landing” which had appeared as a narrow possibility, suddenly seemed probable. Unsurprisingly, the markets rallied.
US debt ceiling discussions are a predictable feature of the policy-making process. The only uncertainty regarding the Treasury’s ability to continue meeting its cash obligations was timing: would it be July or August? As it turns out, the date is likely to be sometime in June.
A friend of mine was often fond of asking “who is going to be left holding the dogs”? The “dogs” here were long-term US Treasury Bonds, and this question came up in every conversation about the likelihood of a rise of interest rates.
In short:
· A clearer outlook for the bond market is helping risk assets
· Will the China reopening fuel a global economic rebound?
· Our emerging market equity underweight has been closed
