"While we are constructive on inflation getting back under control in the coming 18 months, it might just take a recession to break its back.” — Sébstien Mc Mahon and Adil Mahroug
Highlights:
- Our leading economic indicators are pointing towards economic headwinds to continue in 2023, as the impacts from the aggressive tightening of global monetary policies could push the world economy into recession territory
- The global equity bear market continues, and history suggests that we could see more bear market rallies before finding the absolute low, likely next year
- While some opportunities have appeared within equities and fixed income, we recommend an overall defensive positioning until the macro backdrop becomes supportive again
Your current economic review is 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
