Counterpoint - August 2023: Peak rates: a moving target
Peak inflation is now well behind us, especially in the US, but interest rates continue to rise. Central bank messaging of late has been quite clear: the battle against inflation is not won. But, even though the peak in interest rates is a moving target, we believe it’s now in sight, just slightly delayed from our initial expectations.
Counterpoint - May 2023: Interest rate peak in sight
The US is slowing, China/Asia is rebounding, and Europe is caught between the two. We expect global growth and inflation to slow gradually, bringing the end of developed market central banks’ rate rises in sight
Counterpoint - April 2023: Go west for bonds & east for stocks
The first quarter of 2023 saw a reassessment of global economic conditions by investors and policymakers. Asynchronous cycles are now beginning to emerge as China continues to re-open while the West battles with inflation and market volatility