14/03/2024
Global Investment View
Global Investment Views - March 2024
Monday 09 August 2021
Global Investment View
The past weeks have confirmed that phase one of the ‘great recovery’ is now behind us. We have entered a new sequence: PMIs decelerating from their peaks and concerns about the spread of the Delta Covid-19 variant are features of it. Some cracks in the reflation trade that has lifted markets in 2021 have driven a pause in the cyclical/value outperformance. In contrast, the acceleration in inflation continues, with the latest numbers in the US once again far above expectations