AFMC - A Major Change In The Markets
2024-03-25 11:20:00 ET
Summary
- As the calendar turned to January, however, market participants appeared to start taking their cues not so much from changing inflation and central bank policy expectations, but from updated and improving data on economic growth.
- Equities rallied even as bonds struggled, reversing the strong positive correlation we have seen between these two major asset classes for the last two years.
- Normalizing inflation allows investors to refocus on growth-and they have decided they like the resilience they see.
By Erik L. Knutzen, CFA, CAIA
Investors are now focused on growth more than inflation—what might that mean for portfolios? ...
A Major Change In The Markets