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On 26 March 2026, Group CIO Yves Henri Bonzon explained why defensives such as Swiss equities or gold didn’t show the usual safe-haven feature as they normally do, and what caused the US-Dollar liquidity to contract. Marko Papic, Chief Strategist at BCA Research, also shared why the current situation is currently at a knife’s edge, which could either result in an ugly global recession or quick de-escalation. Follow Julius Baer: Corporate Website: https://www.juliusbaer.com LinkedIn: / julius-baer Instagram: https://www.instagram.com/bankjuliusb... #marketinsights Chapters 0:00 Market Shifts and Defensive Assets 1:15 Dollar Liquidity and Gold Outlook 2:05 The UAE as a Global Financial Capital 3:15 The Rise of Global South Savings 4:25 Governance and Geopolitical Realities About Julius Baer Julius Baer is the international reference in wealth management, based on a solid Swiss heritage. The story of Julius Baer began over 135 years ago with the vision of one man. In the 1890s the company’s founder and namesake, Julius Bär, established himself as a young and promising banker on Zurich’s famous Bahnhofstrasse.