US recession -
are we nearly there yet?
Investment Solutions - Chief Investment Officer
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LO Asia Excl. LO Japan
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Dear Investors,


Key takeaways:

  • The US faces political turmoil and contradictory economic signals
  • We are watching for signs that the decade-old bull market is weakening
  • US consumer spending is holding up and unemployment is still low but manufacturing and services are in decline
  • The Sahm Rule offers a new indicator
  • While there is some weak data, we see no short-term recession threat.

Best regards,

Stéphane Monier


For external distribution:

By the Swiss Bank (Bank Lombard Odier & Co Ltd) and by Lombard Odier (Europe) S.A. and its branches.

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