by Paul Hoenck | Mar 31, 2023 | Markets |
In short: Stress in the global banking system leads to slower credit growth The Fed is likely to separate its tools for its objectives We retain our duration exposure, anticipating lower growth and inflation expectations For the first time since 2008, cracks have...
by Paul Hoenck | Mar 1, 2023 | Markets |
In short: A return to bond market uncertainty is hurting risk assets Recent changes in market conditions justify our cautious positioning We tactically increase duration in portfolios as yields rise February was a frustrating month for many investors. Changes in the...
by Paul Hoenck | Feb 1, 2023 | Markets |
In short: · A clearer outlook for the bond market is helping risk assets · Will the China reopening fuel a global economic rebound? · Our emerging market equity underweight has been closed The month of January has extended a strong run for risk...
by Paul Hoenck | Nov 2, 2022 | Markets |
In short: Strong nominal demand and entrenched inflation point towards more of the same from central banks Labour market tightness may be have peaked Mega-cap tech companies earnings disappoint as surprises slow October was a strong month for global equities, as...
by Paul Hoenck | Sep 5, 2022 | Markets |
In short: · Central bankers reaffirm their hawkish intentions · The global economy comes under pressure from a record energy shock · Sentiment fades as growth prospects worsen Following a good few weeks in equity markets, risk sentiment among...
