"What we learn from history is that people don’t learn from history” might just be our favourite quotation from the great Warren Buffett, as we watch history repeat itself yet again this year."
— Sébastien Mc Mahon, Adil Mahroug & Tuyen Tran, iAGAM
Highlights:
- It's never truly "different this time". Beware of soft landings and the illusion of history not repeating itself.
- From TINA (There Is No Alternative), the market has shifted to TAPA (There Are Plenty of Alternatives) due to rising short-term rates.
- Recent price action presents interesting convergence trades, such as going long on energy versus technology or commodities versus U.S. equities.
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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
