"We have to acknowledge the obvious: so far 2023 hasn’t been a year for macro investing.”
— Sébastien Mc Mahon, Adil Mahroug & Tuyen Tran, iAGAM
Highlights:
- The S&P 500 experienced a significant bounce since October 2022 lows, with a 20% increase by June 9th, technically ending the bear market.
- AI and technology-focused sectors have driven investor optimism and dominated performance.
- Macroeconomic signals suggest high risks ahead, so investors should remain cautious and closely monitor the economic and financial data.
Your Monthly Macro & Strategy is now on the new iA Global Asset Management website! If you haven't already done so, check it out now!
Your current economic review is also in the Document Centre of the Advisor Centre every month! Search with the keyword "Macro" or bookmark the following link: Monthly Macro and Strategy
Sébastien Mc Mahon, MA, PRM, CFA
Chief Strategist, Senior Economist and Vice-President, Asset Allocation & Portfolio Manager
Adil Mahroug, M.Sc.
Senior Strategist and Director, Asset Allocation
Tuyen Tran, M.Sc., CFA
Senior Analyst, Asset Allocation and Economics
