- Investors are still being challenged to reconcile high equity valuations with slowing growth, tighter monetary policy and upcoming fiscal drag.
- Global equities have retreated somewhat from peak levels recorded during since early September but the declines in most sectors have been modest.
- The challenging combination of still-high asset prices, tightening monetary policy and fiscal drag as markets look towards 2022 keeps us cautious on the outlook for global equities at this time.
For further details see:
Global Perspectives: Remaining Cautious As Risks Surface