Capital Markets #ipos#market peak
Julius Baer CIO Warns Success of Big-Ticket IPOs Could Signal Market Peak
Julius Baer group CIO Yves Bonzon warns that the successful closure of mega IPOs from SpaceX, OpenAI, and Anthropic could indicate a global market top. He draws parallels to Goldman Sachs going public before the 2000 bear market and Blackstone before the 2008 crisis. Bonzon also discusses Julius Baer's India investment strategy and the impact of West Asia conflict on oil prices, noting that if crude settles at $70/barrel, India and China could be top re-rating candidates.
Jun 15, 2026 1 source