While equity markets are feeling the pinch from rising real rates, earnings reports and guidance are yet to reflect the effects of the encroaching recession. This leaves markets vulnerable to a downside correction once the message sinks in.
Listen to this Talking heads podcast in which Nadia Grant, head of global equities, discusses the outlook with chief market strategist Daniel Morris. She expects a correction in the high single to low double digits. She advocates defensive positioning with a focus on higher-quality markets such as the US, less economically sensitive sectors, innovative pharmaceuticals and IT secular growth themes.
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Talking heads brings you insights on topics that matter to investors, analysis of the world and financial markets, and conversations with our investment experts, all through the lens of sustainability.