AI and Market Psychology: The rise of AI-driven investing is reshaping market expectations, although valuations outside of large tech companies remain surprisingly disciplined. Investors may be underestimating the magnitude and scope of the coming transformation.

We discuss the most relevant market topics, because understanding what’s happening is key to making good decisions. This time, we analyze tariffs, gold, equities in China, and artificial intelligence in Europe. Ernesto Tóth, CFA, Senior Investment Advisor at Boreal Capital Management, shares his perspective from Zurich.