{"id":29588,"date":"2026-06-25T14:33:58","date_gmt":"2026-06-25T18:33:58","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/?p=29588"},"modified":"2026-06-26T15:07:25","modified_gmt":"2026-06-26T19:07:25","slug":"the-wall-of-worry-obscures-a-plausible-path-to-higher-ground","status":"publish","type":"post","link":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground","title":{"rendered":"Une montagne d\u2019inqui\u00e9tude masque un chemin pourtant plausible vers des sommets plus \u00e9lev\u00e9s"},"content":{"rendered":"\n<!-- SECTION -->\n<div class=\"well b-blue-tint-4 mb-4\">\n  <h2 class=\"h5\">Principaux points<\/h2>\n  <ul class=\"list-spaced\">\n    <li>\n      Les march\u00e9s se sont redress\u00e9s apr\u00e8s le repli de f\u00e9vrier et de mars,\n      soutenus par la forte r\u00e9vision \u00e0 la hausse des pr\u00e9visions de b\u00e9n\u00e9fices.\n    <\/li>\n    <li>\n      La r\u00e9ouverture du d\u00e9troit d\u2019Hormuz am\u00e9liorera les perspectives \u00e9conomiques\n      et boursi\u00e8res de tous les pays, mais dans une plus large mesure pour\n      certains.\n    <\/li>\n    <li>\n      Aux \u00c9tats-Unis, les d\u00e9penses en immobilisations li\u00e9es \u00e0 l\u2019IA resteront le\n      principal moteur de l\u2019\u00e9conomie, des b\u00e9n\u00e9fices des soci\u00e9t\u00e9s et des\n      cours boursiers.\n    <\/li>\n  <\/ul>\n<\/div>\n<p>\n  Les principaux march\u00e9s boursiers du monde ont regagn\u00e9 la majeure partie du\n  terrain perdu lors du plongeon de f\u00e9vrier et mars, qui avait \u00e9t\u00e9 d\u00e9clench\u00e9 par\n  le d\u00e9but du conflit en Iran et la fermeture du d\u00e9troit d\u2019Hormuz. L\u2019indice\n  S&amp;P 500, l\u2019indice canadien S&amp;P\/TSX, l\u2019indice japonais TOPIX et\n  l\u2019indice compos\u00e9 de Shanghai ont tous d\u00e9pass\u00e9 leur pr\u00e9c\u00e9dent sommet \u2013 les\n  trois derniers de peu et l\u2019indice S&amp;P 500, de 9 %. L\u2019indice MSCI Europe\n  est sur le point de franchir ce cap, tandis que l\u2019indice MSCI Royaume-Uni est\n  \u00e0 la tra\u00eene.\n<\/p>\n<p>\n  Les indices des march\u00e9s boursiers de Ta\u00efwan et de la Cor\u00e9e du Sud ont mis les\n  bouch\u00e9es doubles, progressant de 40 % et de 70 % respectivement en seulement\n  huit semaines. La fabrication de puces, aliment\u00e9e par la demande mondiale pour\n  l\u2019IA, a propuls\u00e9 ces deux grands gagnants et explique \u00e9galement pourquoi\n  l\u2019indice S&amp;P a progress\u00e9 plus fortement que d\u2019autres march\u00e9s boursiers\n  d\u00e9velopp\u00e9s, qui sont relativement peu expos\u00e9s \u00e0 la fabrication de puces ou au\n  d\u00e9veloppement \u00e0 grande vitesse de l\u2019IA.\n<\/p>\n<!-- SECTION -->\n<h2>Les pr\u00e9visions de b\u00e9n\u00e9fices soutiennent les march\u00e9s<\/h2>\n<p>\n  Le rendement exceptionnel de l\u2019indice S&amp;P \u2013 9,3 % depuis le d\u00e9but de\n  l\u2019ann\u00e9e \u2013 est presque enti\u00e8rement attribuable \u00e0 la forte r\u00e9vision \u00e0 la hausse\n  des b\u00e9n\u00e9fices de l\u2019indice. Les pr\u00e9visions consensuelles de Bloomberg\n  concernant les b\u00e9n\u00e9fices en 2026 s\u2019\u00e9tablissent maintenant \u00e0 342 $, en hausse\n  de 9 % par rapport aux pr\u00e9visions qui tablaient sur 313 $ en d\u00e9but de l\u2019ann\u00e9e.\n  Cette estimation, si elle est atteinte, repr\u00e9senterait une progression de 23 %\n  par rapport au b\u00e9n\u00e9fice par action de 279 $ enregistr\u00e9 en 2025 par l\u2019indice.\n<\/p>\n<p>\n  Cette forte r\u00e9vision \u00e0 la hausse des pr\u00e9visions de b\u00e9n\u00e9fice et la progression\n  d\u00e9mesur\u00e9e de l\u2019indice am\u00e9ricain sont principalement attribuables \u00e0 un nombre\n  assez restreint d\u2019actions de g\u00e9ants technologiques et de soci\u00e9t\u00e9s \u0153uvrant dans\n  les technologies. Toutefois, \u00e0 notre avis, l\u2019\u00e9conomie am\u00e9ricaine dans son\n  ensemble semble \u00e9galement prendre de la vitesse. Au total, 81 % des soci\u00e9t\u00e9s\n  sond\u00e9es par la Business Roundtable \u2013 une association de lobbyistes sans but\n  lucratif \u00e9tablie \u00e0 Washington D.C., dont les membres sont des chefs de la\n  direction de grandes soci\u00e9t\u00e9s am\u00e9ricaines \u2013 s\u2019attendent \u00e0 ce que leurs ventes\n  augmentent au cours des six prochains mois, comparativement \u00e0 74 % au\n  trimestre pr\u00e9c\u00e9dent. Les pr\u00e9visions d\u2019am\u00e9lioration des ventes ont entra\u00een\u00e9 une\n  augmentation notable du pourcentage des soci\u00e9t\u00e9s sond\u00e9es qui cherchent \u00e0\n  accro\u00eetre leurs d\u00e9penses en immobilisations et \u00e0 embaucher plus de\n  travailleurs.\n<\/p>\n<!-- SECTION -->\n<h2>Le d\u00e9troit d\u2019Hormuz a plus d\u2019importance pour certains<\/h2>\n<p>\n  Ce regain d\u2019optimisme des entreprises am\u00e9ricaines, caus\u00e9 par l\u2019am\u00e9lioration de\n  la productivit\u00e9, l\u2019extr\u00eame faiblesse des demandes de prestations\n  d\u2019assurance-ch\u00f4mage et les pr\u00e9visions de l\u2019indicateur GDPNow de la R\u00e9serve\n  f\u00e9d\u00e9rale d\u2019Atlanta qui tablent sur une croissance du PIB 3,3 % au deuxi\u00e8me\n  trimestre, sugg\u00e8re que l\u2019\u00e9conomie am\u00e9ricaine ne retient pas son souffle en\n  attendant la r\u00e9ouverture du d\u00e9troit d\u2019Hormuz. Dans une certaine mesure, il en\n  est de m\u00eame pour la Chine et le Canada : la Chine, parce qu\u2019elle a consacr\u00e9 la\n  majeure partie de l\u2019ann\u00e9e derni\u00e8re \u00e0 augmenter consid\u00e9rablement ses r\u00e9serves\n  de p\u00e9trole lorsque les prix \u00e9taient bas, et le Canada, parce que le pays est\n  un important exportateur net de p\u00e9trole et de gaz naturel.\n<\/p>\n<p>\n  Toutefois, la trajectoire des diff\u00e9rentes \u00e9conomies d\u00e9pend, dans une certaine\n  mesure, du moment o\u00f9 le d\u00e9troit rouvrira. Le r\u00e9tablissement de la libre\n  circulation des marchandises contribuerait \u00e0 faire baisser les prix du p\u00e9trole\n  et du gaz naturel et \u00e0 \u00e9liminer ou \u00e0 r\u00e9duire la menace d\u2019une p\u00e9nurie pure et\n  simple, non seulement de p\u00e9trole et de gaz naturel liqu\u00e9fi\u00e9, mais aussi\n  d\u2019engrais et de certains produits chimiques industriels essentiels. La\n  r\u00e9ouverture du d\u00e9troit r\u00e9duirait consid\u00e9rablement les co\u00fbts d\u2019exploitation\n  pour de nombreuses entreprises et de nombreux secteurs, en particulier\n  l\u2019agriculture, o\u00f9 les combustibles et les engrais sont les principaux intrants\n  et ont une incidence directe sur le prix des aliments partout dans le monde.\n  La baisse du prix de l\u2019essence et des aliments all\u00e9gerait le budget des\n  m\u00e9nages et stimulerait l\u2019optimisme des consommateurs \u00e0 l\u2019\u00e9chelle mondiale.\n<\/p>\n<p>\n  Toutefois, au moment d\u2019\u00e9crire ces lignes, m\u00eame si les pourparlers entre les\n  deux parties sont encourageants, aucune entente n\u2019a pour le moment \u00e9t\u00e9\n  conclue. Plus il faudra de temps pour rouvrir le d\u00e9troit et le rendre\n  navigable, plus il est probable que l\u2019inflation continuera d\u2019augmenter et se\n  propagera \u00e0 l\u2019ensemble de l\u2019\u00e9conomie, auquel cas il sera plus difficile de la\n  faire baisser. Une impasse qui durerait jusqu\u2019\u00e0 ou pendant l\u2019\u00e9t\u00e9 pourrait\n  conduire les banques centrales, y compris la Fed, \u00e0 abandonner tout projet de\n  r\u00e9duire leur taux directeur, et peut-\u00eatre m\u00eame, \u00e0 les relever.\n<\/p>\n<!-- SECTION -->\n<h2>Correction \u00e0 surveiller<\/h2>\n<p>\n  Selon nous, les taux obligataires augmenteraient probablement avant que la\n  banque centrale puisse relever son taux directeur. \u00c0 un moment o\u00f9 les\n  \u00e9missions d\u2019obligations d\u2019\u00c9tat partout dans le monde et les \u00e9missions\n  d\u2019obligations de soci\u00e9t\u00e9s aux \u00c9tats\u2011Unis sont \u00e9lev\u00e9es, la hausse des taux\n  obligataires pourrait gruger les marges b\u00e9n\u00e9ficiaires, comprimer les flux de\n  tr\u00e9sorerie des soci\u00e9t\u00e9s et freiner les d\u00e9penses en immobilisations, en biens\n  durables et en construction d\u2019habitation, tout en r\u00e9duisant la valeur\n  actualis\u00e9e des b\u00e9n\u00e9fices futurs dans le calcul des valorisations boursi\u00e8res.\n<\/p>\n<p>\n  Toutefois, \u00e0 notre avis, rien, \u00e0 l\u2019exception d\u2019un resserrement mon\u00e9taire\n  comptant de multiples hausses du taux directeur, ne devrait pousser l\u2019\u00e9conomie\n  am\u00e9ricaine en r\u00e9cession ou faire d\u00e9railler les perspectives de croissance des\n  b\u00e9n\u00e9fices cette ann\u00e9e.\n<\/p>\n<p>\n  Cela dit, une correction d\u2019une certaine ampleur au second semestre de 2026 ne\n  peut \u00eatre \u00e9cart\u00e9e et pourrait r\u00e9sulter de complications li\u00e9es au d\u00e9troit\n  d\u2019Hormuz, de la forte augmentation des taux de rendement obligataires ou du\n  calendrier de PAPE qui s\u2019annonce tr\u00e8s charg\u00e9 cet automne.\n<\/p>\n<!-- SECTION -->\n<h2>L\u2019IA demeure le principal moteur<\/h2>\n<p>\n  Toutefois, m\u00eame si les perspectives de la plupart des march\u00e9s boursiers\n  d\u00e9velopp\u00e9s d\u00e9pendent du moment o\u00f9 le d\u00e9troit rouvrira \u00e0 la navigation, celles\n  du march\u00e9 am\u00e9ricain continueront d\u2019\u00eatre guid\u00e9es par l\u2019intelligence\n  artificielle. Les d\u00e9penses sans pr\u00e9c\u00e9dent des g\u00e9ants de la technologie sont\n  ind\u00e9niables, les nouveaux engagements de d\u00e9penses en immobilisations d\u00e9passant\n  r\u00e9guli\u00e8rement les pr\u00e9visions tous les quelques mois. R\u00e9cemment, les fabricants\n  de puces ont connu un rebond spectaculaire, tandis que les soci\u00e9t\u00e9s de\n  logiciels ont repris des couleurs apr\u00e8s avoir \u00e9t\u00e9 d\u00e9clar\u00e9es \u00ab mortes et\n  enterr\u00e9es \u00bb par les march\u00e9s boursiers, alors que le groupe \u00e9tait en chute\n  libre entre novembre et mars.\n<\/p>\n<p>\n  Par ailleurs, de plus en plus d\u2019entreprises non technologiques signalent\n  qu\u2019elles se tournent \u00e9galement vers l\u2019IA. Leurs \u00e9quipes de direction parlent\n  avec enthousiasme de ce que l\u2019IA apportera \u00e0 leur entreprise, mais peu d\u2019entre\n  elles peuvent affirmer \u00e0 l\u2019heure actuelle que ces d\u00e9penses seront rentables.\n  Cette situation ne freinera pas ou ne ralentira pas les d\u00e9penses de sit\u00f4t, en\n  raison de ce que la plupart des entreprises per\u00e7oivent comme le co\u00fbt\n  inacceptablement \u00e9lev\u00e9 de rester sur la touche. Pour en savoir davantage \u00e0 ce\n  sujet, lisez notre article de fond,\n  <a\n    href=\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-unstoppables-midyear-2026\"\n    title=\"Impossible de les arreter\"\n    >Impossible de les arr\u00eater<\/a\n  >. Toutefois, \u00e0 un certain moment, les d\u00e9penses dans l\u2019IA devront \u00eatre\n  rentables pour \u00eatre justifi\u00e9es.\n<\/p>\n<p>\n  \u00c0 notre avis, de temps \u00e0 autre, les march\u00e9s vont s\u2019inqui\u00e9ter du d\u00e9lai que\n  prendra l\u2019atteinte de cette rentabilit\u00e9 et de la suffisance de cette derni\u00e8re.\n  Le ratio cours-b\u00e9n\u00e9fice pr\u00e9visionnel \u00e0 un an de 21 de l\u2019indice S&amp;P 500 ne\n  semble pas extravagant \u00e9tant donn\u00e9 que les b\u00e9n\u00e9fices de l\u2019indice devraient\n  augmenter de 22 % cette ann\u00e9e et de 15 % l\u2019an prochain. Toutefois, une forte\n  r\u00e9vision \u00e0 la baisse de ces pr\u00e9visions ou des inqui\u00e9tudes quant \u00e0 ce qui se\n  produira apr\u00e8s la prochaine ann\u00e9e \u2013 comme les facteurs mentionn\u00e9s ci-dessus \u2013\n  pourraient compromettre les pr\u00e9visions de RBC March\u00e9s des Capitaux concernant\n  le cours cible de l\u2019indice, \u00e9tabli \u00e0 7 900 dans 12 mois.\n<\/p>\n<p>\n  Notre conseil en mati\u00e8re de positionnement n\u2019a pas chang\u00e9 : les portefeuilles\n  doivent conserver des placements en actions jusqu\u2019\u00e0 la pond\u00e9ration cible \u00e0\n  long terme fix\u00e9e par l\u2019investisseur, sans toutefois la d\u00e9passer. Une\n  planification prudente du portefeuille doit toujours consister \u00e0 se doter d\u2019un\n  plan pour le rendre plus d\u00e9fensif, si les conditions l\u2019exigent.\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Les march\u00e9s boursiers ont besoin que le d\u00e9troit d\u2019Hormuz rouvre \u00e0 la navigation et que les pr\u00e9visions concernant l\u2019IA se concr\u00e9tisent comme annonc\u00e9. Les deux sont plausibles, mais pas garantis.<\/p>\n","protected":false},"author":22,"featured_media":29534,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"rbcwm_post_date":"2026-06-15T08:06:00","editor_notices":[],"rbc_url_alias":"","rbcwm_featured_desktop_image_position":"","rbcwm_featured_mobile_image_position":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[510],"tags":[1046],"rbcwm_content_owner":[675],"rbcwm_need":[],"rbcwm_segment":[],"rbcwm_solution":[],"rbcwm_topic":[590],"rbcwm_channel":[],"rbcwm_format":[],"class_list":["post-29588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analyse","tag-les-marches-boursiers-2","rbcwm_content_owner-pag","rbcwm_topic-global-insights"],"acf":{"rbcwm_subtitle":"Les march\u00e9s boursiers ont besoin que le d\u00e9troit d\u2019Hormuz rouvre \u00e0 la navigation et que les pr\u00e9visions concernant l\u2019IA se concr\u00e9tisent comme annonc\u00e9. Les deux sont plausibles, mais pas garantis.","rbcwm_post_author":[967],"rbcwm_custom_breadcrumb_text":"","rbcwm_custom_breadcrumb_link_url":"","rbcwm_disclaimers":{"add_disclosures":["Yes"],"perspective_disclaimer":"","expandable":"","omit_from_pages":"","disclaimer_footnote":""},"rbcwm_insight_cta_id":[10888],"rbcwm_pagination":{"next_link":"","next_link_text":"Next article","previous_link":"","previous_link_text":"Previous article"},"rbcwm_video_duration":"","article_time":"","rbcwm_enable_toc":false,"rbcwm_toc_selector":"h2"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Une montagne d\u2019inqui\u00e9tude masque un chemin pourtant plausible vers des sommets plus \u00e9lev\u00e9s<\/title>\n<meta name=\"description\" content=\"Les march\u00e9s boursiers ont besoin que le d\u00e9troit d\u2019Hormuz rouvre \u00e0 la navigation et que les pr\u00e9visions concernant l\u2019IA se concr\u00e9tisent comme annonc\u00e9. Les deux sont plausibles, mais pas garantis.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Une montagne d\u2019inqui\u00e9tude masque un chemin pourtant plausible vers des sommets plus \u00e9lev\u00e9s\" \/>\n<meta property=\"og:description\" content=\"Les march\u00e9s boursiers ont besoin que le d\u00e9troit d\u2019Hormuz rouvre \u00e0 la navigation et que les pr\u00e9visions concernant l\u2019IA se concr\u00e9tisent comme annonc\u00e9. Les deux sont plausibles, mais pas garantis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground\" \/>\n<meta property=\"og:site_name\" content=\"RBC Gestion de patrimoine\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-25T18:33:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-26T19:07:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2023\/02\/scl-climbers-summiting-mountain-hor-FR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"chloetejada\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/insights\\\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/insights\\\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground\"},\"author\":{\"name\":\"chloetejada\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/#\\\/schema\\\/person\\\/c2bb0a72d12219d75bf7f724d256ed9c\"},\"headline\":\"Une montagne d\u2019inqui\u00e9tude masque un chemin pourtant plausible vers des sommets plus \u00e9lev\u00e9s\",\"datePublished\":\"2026-06-25T18:33:58+00:00\",\"dateModified\":\"2026-06-26T19:07:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/insights\\\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground\"},\"wordCount\":1615,\"publisher\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/insights\\\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2026\\\/06\\\/climbers-summiting-mountain-3210x2140-1.jpg\",\"keywords\":[\"les march\u00e9s boursiers\"],\"articleSection\":[\"Analyse\"],\"inLanguage\":\"fr-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/insights\\\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/insights\\\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground\",\"name\":\"Une montagne d\u2019inqui\u00e9tude masque un chemin pourtant plausible vers des sommets plus \u00e9lev\u00e9s\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/insights\\\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/insights\\\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2026\\\/06\\\/climbers-summiting-mountain-3210x2140-1.jpg\",\"datePublished\":\"2026-06-25T18:33:58+00:00\",\"dateModified\":\"2026-06-26T19:07:25+00:00\",\"description\":\"Les march\u00e9s boursiers ont besoin que le d\u00e9troit d\u2019Hormuz rouvre \u00e0 la navigation et que les pr\u00e9visions concernant l\u2019IA se concr\u00e9tisent comme annonc\u00e9. Les deux sont plausibles, mais pas garantis.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/insights\\\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#breadcrumb\"},\"inLanguage\":\"fr-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/insights\\\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/insights\\\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#primaryimage\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2026\\\/06\\\/climbers-summiting-mountain-3210x2140-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2026\\\/06\\\/climbers-summiting-mountain-3210x2140-1.jpg\",\"width\":3210,\"height\":2140},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/insights\\\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Une montagne d\u2019inqui\u00e9tude masque un chemin pourtant plausible vers des sommets plus \u00e9lev\u00e9s\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/#website\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/\",\"name\":\"RBC Gestion de patrimoine\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/#organization\",\"name\":\"RBC Gestion de Patrimoine\",\"alternateName\":\"RBC Gestion de Patrimoine\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2023\\\/02\\\/rbc.png\",\"contentUrl\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2023\\\/02\\\/rbc.png\",\"width\":3000,\"height\":2000,\"caption\":\"RBC Gestion de Patrimoine\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/fr-ca\\\/#\\\/schema\\\/person\\\/c2bb0a72d12219d75bf7f724d256ed9c\",\"name\":\"chloetejada\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g\",\"caption\":\"chloetejada\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Une montagne d\u2019inqui\u00e9tude masque un chemin pourtant plausible vers des sommets plus \u00e9lev\u00e9s","description":"Les march\u00e9s boursiers ont besoin que le d\u00e9troit d\u2019Hormuz rouvre \u00e0 la navigation et que les pr\u00e9visions concernant l\u2019IA se concr\u00e9tisent comme annonc\u00e9. Les deux sont plausibles, mais pas garantis.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground","og_locale":"fr_CA","og_type":"article","og_title":"Une montagne d\u2019inqui\u00e9tude masque un chemin pourtant plausible vers des sommets plus \u00e9lev\u00e9s","og_description":"Les march\u00e9s boursiers ont besoin que le d\u00e9troit d\u2019Hormuz rouvre \u00e0 la navigation et que les pr\u00e9visions concernant l\u2019IA se concr\u00e9tisent comme annonc\u00e9. Les deux sont plausibles, mais pas garantis.","og_url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground","og_site_name":"RBC Gestion de patrimoine","article_published_time":"2026-06-25T18:33:58+00:00","article_modified_time":"2026-06-26T19:07:25+00:00","og_image":[{"width":1200,"height":627,"url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2023\/02\/scl-climbers-summiting-mountain-hor-FR.jpg","type":"image\/jpeg"}],"author":"chloetejada","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#article","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground"},"author":{"name":"chloetejada","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/person\/c2bb0a72d12219d75bf7f724d256ed9c"},"headline":"Une montagne d\u2019inqui\u00e9tude masque un chemin pourtant plausible vers des sommets plus \u00e9lev\u00e9s","datePublished":"2026-06-25T18:33:58+00:00","dateModified":"2026-06-26T19:07:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground"},"wordCount":1615,"publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#organization"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/06\/climbers-summiting-mountain-3210x2140-1.jpg","keywords":["les march\u00e9s boursiers"],"articleSection":["Analyse"],"inLanguage":"fr-CA"},{"@type":"WebPage","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground","url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground","name":"Une montagne d\u2019inqui\u00e9tude masque un chemin pourtant plausible vers des sommets plus \u00e9lev\u00e9s","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#primaryimage"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/06\/climbers-summiting-mountain-3210x2140-1.jpg","datePublished":"2026-06-25T18:33:58+00:00","dateModified":"2026-06-26T19:07:25+00:00","description":"Les march\u00e9s boursiers ont besoin que le d\u00e9troit d\u2019Hormuz rouvre \u00e0 la navigation et que les pr\u00e9visions concernant l\u2019IA se concr\u00e9tisent comme annonc\u00e9. Les deux sont plausibles, mais pas garantis.","breadcrumb":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#breadcrumb"},"inLanguage":"fr-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground"]}]},{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#primaryimage","url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/06\/climbers-summiting-mountain-3210x2140-1.jpg","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/06\/climbers-summiting-mountain-3210x2140-1.jpg","width":3210,"height":2140},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/insights\/the-wall-of-worry-obscures-a-plausible-path-to-higher-ground#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/"},{"@type":"ListItem","position":2,"name":"Une montagne d\u2019inqui\u00e9tude masque un chemin pourtant plausible vers des sommets plus \u00e9lev\u00e9s"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#website","url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/","name":"RBC Gestion de patrimoine","description":"","publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-CA"},{"@type":"Organization","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#organization","name":"RBC Gestion de Patrimoine","alternateName":"RBC Gestion de Patrimoine","url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/","logo":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2023\/02\/rbc.png","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2023\/02\/rbc.png","width":3000,"height":2000,"caption":"RBC Gestion de Patrimoine"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/#\/schema\/person\/c2bb0a72d12219d75bf7f724d256ed9c","name":"chloetejada","image":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g","caption":"chloetejada"}}]}},"jetpack_featured_media_url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-content\/uploads\/sites\/6\/2026\/06\/climbers-summiting-mountain-3210x2140-1.jpg","jetpack_sharing_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-07-14 18:32:47","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"RBC Gestion de patrimoine","distributor_original_site_url":"https:\/\/www.rbcwealthmanagement.com\/fr-ca","push-errors":false,"last_revision_date":"2026-06-26 15:07:22","_links":{"self":[{"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/posts\/29588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/comments?post=29588"}],"version-history":[{"count":5,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/posts\/29588\/revisions"}],"predecessor-version":[{"id":29616,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/posts\/29588\/revisions\/29616"}],"acf:post":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_cta\/10888"},{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_people\/967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/media\/29534"}],"wp:attachment":[{"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/media?parent=29588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/categories?post=29588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/tags?post=29588"},{"taxonomy":"rbcwm_content_owner","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_content_owner?post=29588"},{"taxonomy":"rbcwm_need","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_need?post=29588"},{"taxonomy":"rbcwm_segment","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_segment?post=29588"},{"taxonomy":"rbcwm_solution","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_solution?post=29588"},{"taxonomy":"rbcwm_topic","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_topic?post=29588"},{"taxonomy":"rbcwm_channel","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_channel?post=29588"},{"taxonomy":"rbcwm_format","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/fr-ca\/wp-json\/wp\/v2\/rbcwm_format?post=29588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}