QVML - Your Complete Guide Through The Current Macro Landscape

2023-05-16 02:35:00 ET

Summary

• The current economic and investing environment remains one of the most challenging and difficult to navigate in recent times.
• With inflation and wage growth at current levels, we likely require a material amount of pain to be felt within the equity and credit markets to warrant dovish Fed action.
• what can be said with a fair amount of confidence in relation to the stock vs bond outlook is, given their relative valuation dispersion (stocks expensive, bonds cheapish), the latter should outperform the former through the next stage of the business cycle.

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