TL;DR
How’s the market trying? Financial development is slowing and inflation is moderatingWill it flip higher quickly? The financial outlook stays powerful, however much less prone to see sharp spike in rates of interestThe place might issues worsen? Inflation may stay elevated, and the US may go right into a deeper-than-expected recessionWhat would change our view: Fed pivot, peace talks in EuropeWhat we’re doing: Search for thematic inventory alternatives in China re-opening, Singapore REITs and top quality tech shares. The yield on the T-bill continues to look engaging.
#1 – Macro – How’s the financial system?
#1 – World development is slowing: The worldwide financial system is experiencing a broad-based and sharper-than-expected slowdown, in response to the Worldwide Financial Fund (IMF).
#2 – Inflation moderating: The rise in US client costs has been slowing after peaking in June, with a rise of seven.1% in November in comparison with the earlier 12 months.
#3 – Central banks slowing down
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