Coming into the year, our capital markets positioning was cautious given extreme valuations, rising inflation, and questionable prospects for continued growth. Our assumption was that an intense rise in prices for consumers — driven by a decade of accommodative monetary policy following the Global Financial Crisis extending through the COVID era — would need to be countered by a deliberate slowing of the economy through tightening economic conditions.

Click below for more:

In the next few days, weeks, and months there are specific events that will drive the direction of financial markets. In our Post-Election Update, we share our views.