11.11.2025
Markets don’t run on hype — they run on earnings.
Every market cycle has its story. Yesterday it was zero rates and stimulus. Today it’s artificial intelligence. Tomorrow it’ll be something else. But beneath the noise, one truth endures: profits move markets.
In the 2010s, U.S. corporate earnings grew 11% per year. In the 2020s, they’re still near 10% — twice the historical average. That’s not speculation, that’s execution.
Companies now do more with less: fewer workers, more automation; fewer factories, more cloud. Wall Street isn’t rising on hope — it’s rising on delivery.
But history reminds us: profits are the foundation, not the trigger. When confidence fades, even strong earnings can’t lift markets. For now though, the math still works — and profits keep playing the right tune.
Watch the video by John Plassard, Partner & Head of Investment Strategy at Cité Gestion!
More articles
25.12.2025
Looking back on the year 2025
On this particularly festive day, we would like to take the opportunity to look back on the accomplishments and experiences we shared in 2025.
Your trust, combined with our colleague's commitment, has truly made a meaningful difference throughout this year.
We sincerely thank you all and wish you a Merry Christmas !
Read more16.12.2025
Save the date! Forum Horizon 29.01.2026
In the face of global economic turbulence, what direction should Switzerland take?
We are delighted to renew, for the fourth consecutive year, our commitment as a strategic partner of this major event.
Our sincere thanks to Le Temps for the outstanding program of this 10th edition, and to IMD for their exceptional hospitality.
Details and tickets:
Read more10.12.2025
As the holiday season approaches, we’re sharing our 2026 wish list
Not a dream, but a macro-financial roadmap for what could shape the next market cycle.
Read more01.12.2025
A look back at our event at the Koller auction house !
Discover the highlights and photos from this memorable event!
Read more26.11.2025
The industrial order of the last 30 years just broke, quietly.
2025 marks a historic turning point: Germany, once the world’s industrial powerhouse, now imports more capital goods from China than it exports. A symbolic reversal that forces Europe to rethink its technological sovereignty and industrial strategy.
Read more14.11.2025
Looking back on our exclusive event with Alexandra Kosteniuk, Chess Grandmaster
Take a look at the highlights and photos from this memorable event!
Read more