How to invest in a market 'driven by expectation'

clock
Simon Black of Dolfin
Image:

Simon Black of Dolfin

Part of the June equity market rally was driven by growing investor expectation of a July rate cut in the US, which we believe is overdone.

As we start to see investor expectations realigned over the quieter summer period, we could see some volatility resurfacing. On the macro side, one of our key considerations is global central bank action (or potentially more importantly, inaction). We are already looking ahead to the 2020 US Presidential election and the options available to the US Federal Reserve. Quaero's Monaco unveils 'active deselection' approach for Global Equity fund Chairman Jerome Powell wants to avoid cutting rates any more than he absolutely has to as he does not want to be in an inflationary environm...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

“Changes in fiscal, monetary, climate and debt policy are needed to counter capital misallocation and inequality,” World Bank president David Malpass said.

World Bank: 'Considerable' risk of stagflation

Growth forecast slashed

James Baxter-Derrington
clock 08 June 2022 • 1 min read
While developed market growth is set to stall, chief strategist at Pictet Asset Management Luca Paolini argued emerging markets would offer "double-digit opportunities"

Pictet AM warns of recession within two years and backs web3.0

'Reconfigure the investment landscape'

Melanie Boulton
clock 07 June 2022 • 2 min read
The Big Picture: What were the biggest stories from May?

The Big Picture: What were the biggest stories from May?

Recapping the top stories

James Baxter-Derrington
clock 06 June 2022 • 1 min read
Trustpilot