Market Perspectives

Our analyses and investment convictions

Financial market insights, economic commentary and allocation convictions from the experts at Riviera Wealth Management.

Markets & Allocation

Fed, May 7, 2026: pause confirmed — implications for your allocation

May 8, 2026 · 8 min
Analysis

Q2 2026 Outlook: residual inflation and sector rotation

April 2026 · 7 min
Allocation

2026 Allocation: defensive or offensive?

April 2026 · 5 min
CAC 407 856+0,8%
S&P 5005 632+1,2%
Euro Stoxx 505 284+0,5%
Nikkei 22536 830+0,9%
Nasdaq20 149+1,6%
Gold3 387 $+0,3%
Brent62,40 $-1,1%
EUR/USD1,1342-0,2%
US 10Y4,28%+3bp
BTC103 420 $+4,2%
VIX16,8low
ECB2,50%—
CAC 407 856+0,8%
S&P 5005 632+1,2%
Euro Stoxx 505 284+0,5%
Nikkei 22536 830+0,9%
Nasdaq20 149+1,6%
Gold3 387 $+0,3%
Brent62,40 $-1,1%
EUR/USD1,1342-0,2%
US 10Y4,28%+3bp
BTC103 420 $+4,2%
VIX16.8low
ECB2.50%—
Financial Markets
Featured
Markets & Allocation

Fed, May 7, 2026: rate pause confirmed — what it means for your allocation

The Federal Reserve kept interest rates unchanged for the third consecutive meeting. Jerome Powell stressed the need for "patience" amid persistent residual inflation at 2.8%. Markets reacted positively, pricing in a first cut in September.

BC Benjamin Cohen ·May 8, 2026·8 min read
Analysis

Q2 2026 Outlook: residual inflation and sector rotation

April 2026 · 7 min
Allocation

2026 Allocation: defensive or offensive?

April 2026 · 5 min
Rates & Credit

IG Bonds: time to extend duration?

March 2026 · 6 min
Currencies

EUR/USD: is parity still a plausible scenario?

March 2026 · 4 min
Market Data

Market Dashboard

Updated: May 8, 2026, 6:30 PM CET
Equities
Rates
Currencies
Commodities
Crypto
Risk
Calendar
Index
30 days
Last
Week
YTD
CAC 40
Euronext Paris
7 856,42
+0,8%
+8,2%
S&P 500
NYSE
5 632,80
+1,2%
+12,4%
Nasdaq 100
NASDAQ
20 148,72
+1,6%
+14,8%
Euro Stoxx 50
Stoxx Ltd
5 284,16
+0,5%
+9,8%
Nikkei 225
Tokyo SE
36 830
+0,9%
+5,4%
MSCI World
MSCI Inc.
3 542,08
+0,7%
+10,6%
Instrument
Trend
Level
Change
YTD
ECB (Deposit)
European Central Bank
2,50%
—
-50bp
Fed Funds
Federal Reserve
4,25–4,50%
—
0bp
US Treasury 10Y
Sovereign yield
4,28%
+3bp
-18bp
Bund 10Y
Sovereign yield
2,45%
+2bp
-12bp
OAT 10Y
Sovereign yield
3,12%
-1bp
-22bp
Pair
30 days
Price
Week
YTD
EUR/USD
Euro vs US Dollar
1,1342
-0,2%
+4,8%
EUR/GBP
Euro vs British Pound
0,8456
+0,1%
+1,2%
EUR/CHF
Euro vs Swiss Franc
0,9378
-0,3%
-1,4%
USD/JPY
US Dollar vs Yen
143,80
+0,4%
-5,2%
Asset
30 days
Price
Week
YTD
Gold (XAU/USD)
Troy ounce
3 387,40 $
+0,3%
+28,6%
Brent Crude
ICE Futures
62,40 $
-1,1%
-16,2%
Silver (XAG/USD)
Troy ounce
33,20 $
+1,8%
+14,8%
Copper
LME
4,85 $/lb
+0,6%
+8,2%
Asset
30 days
Price
Week
YTD
Bitcoin (BTC)
BTC/USD
103 420 $
+4,2%
+11,8%
Ethereum (ETH)
ETH/USD
2 245 $
+6,8%
-32,4%
Solana (SOL)
SOL/USD
168,40 $
+8,2%
-10,6%
Dominance BTC
% total market cap
64,8%
+1,2pt
+7,4pt
VIX
16,8
Easing
CalmStressPanic
VSTOXX
18,2
Moderate Europe vol.
CalmStressPanic
IG Credit Spread
92bp
Neutral zone
TightNeutralWide
HY Credit Spread
342bp
Slightly elevated
TightNeutralWide
High impact May 14
US Inflation (CPI)
Consumer Price Index release. Consensus: 2.6% y/y.
United States
High impact Jun 5
ECB Meeting
Monetary policy decision. Markets expect a pause after 3 consecutive cuts.
Eurozone
Moderate impact Jun 18
Fed Meeting (FOMC)
Next rate decision. Futures price in a 35% probability of a cut.
United States
RWM Model Portfolio — Balanced Profile
+9,4% YTD 2026
vs MSCI World +10,6% vs EUR Fund +1,8%
JanFebMarAprMay
RWM Balanced MSCI World EUR Fund
Target Allocation
Europe Equities
25%
US Equities
20%
Global Equities
10%
EUR Bonds
15%
US Bonds
10%
Gold
8%
Real Estate
7%
Crypto
3%
Cash
2%

Model portfolio for illustrative purposes only. Simulated performance based on representative ETFs. Quarterly rebalancing. Past performance is not indicative of future results.

Our Conviction — May 2026
Constructive
CautiousNeutralConstructiveAggressive
Equities
Overweight Europe, preference for cyclicals and financials. US: selective given elevated valuations.
Overweight
Fixed Income
Gradually extend duration. Favour investment grade. Caution on high yield.
Neutral
Alternatives
Gold maintained as a hedge. International REIT exposure. Private equity on recent vintages.
Overweight

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