Macroeconomic Strategy Team
4 April 2023
Events of the past quarter have strengthened our conviction on several of the team’s core economic views.
In our view, the macro backdrop will get worse before it gets better in the current global economic cycle, and investors should expect to experience higher and longer bouts of volatility through the first half of 2023.
At this point, we believe it’s crucial to reassess how we should be thinking about the Fed’s approach to policy making, especially in the context of the second biggest bank failure in U.S. history which has raised doubts about the health of the U.S. banking system.
The Rebound after the Storm
With potentially greater clarity in movement of rates and currency, credit should lead on stronger government policy, resilient economic buoyancy, and an evolving Asian credit landscape.
Multi-Assets: Opportunities await as global rates take new turns
Despite elevated inflation and higher interest rates, investors can watch for key events in 2023 that can present opportunities. We describe our dynamic and strategic asset allocation views and how a multi-asset outcome-oriented approach may help investors during market uncertainty.
Greater China Equities: Pivots, positioning and pace forward
It has been an eventful year for Greater China stock markets, with domestic and global events triggering broad-based weakness and elevated volatility in Mainland China (China), Hong Kong, and Taiwan. In this 2023 outlook, we describe the 3 Ps that set the tone for the new year: pivots, positioning and pace forward.
How to boost your income with these options
With rising inflation, earning cash deposit rates may not be enough. We look for sources of income. Discover options to boost your income before it's too late!
Dollar cost averaging: An easier way to navigate volatile markets
If investors wish to reduce volatility and benefit from long-term growth when the markets move up and down, the passive strategy of dollar cost averaging may be a feasible choice.
Asian High Yield: Building resiliency amid volatility
Although emerging from a difficult period, Asian-high-yield is positioned to weather the current market volatility due to regional economic strength and unique asset class characteristics.
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