Multi-Asset Solutions Weekly Strategy Report
- Equity market fundamentals over the remainder of the year are likely to be governed by the complex interactions between growth, trade policy and monetary policy.
- We see as highly likely some combination of growth rising back to trend, trade tensions easing and the Federal Reserve cutting rates aggressively, however not all three simultaneously.
- The interplay among the three puts guardrails around both upside and downside scenarios, and is consistent with our selective exposures to risk in our multi-asset portfolios.
EXHIBIT 1: THE GLOBAL EQUITIES TRILEMMA IN ACTION
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The value of investments and the income from them can fall as well as rise and investors may not get back the full amount invested. Past performance is not a guide to the future.