For a long time, our central theme has been the disconnect between the real and the financial economy. Nowhere has this disconnect been made more clear than in the Fed’s communication in August. The bullish economic outlook clashed directly with a dovish approach to interest rates.
Visibility about the future is as low as it has ever been. In recent memory, it is difficult to recall a market and economic environment with such a low degree of consensus amongst investors and business leaders. Even as vaccination is bringing the world closer to the end of the pandemic, uncertainty is everywhere to be seen. It is evident in inflation scenarios, where experts predict anything...
The tone of the debate in May can be characterised by reopening post-Covid, the rebound of the economy, and the resurgence of inflation. Positive economic data saw risk assets move higher while bond performance was mixed.
Our monthly market blueprint explores some of the key areas investors should be considering. With the ever-evolving impacts of the pandemic, multilateralism, and fiscal stimulation, find out more in this month’s issue.
Our monthly 'The Economy & your Investments' webinar series with our Chief Investment Officer and Chief Economist, David Baker and George Lagarias, discuss the landscape for investors along with the wider economic outlook. Register for the next one below.