Welcome to the Stickylocks economy
Our Chief Investment Officer, Marco Pabst, provides Arbion's Investment Viewpoints for April 2024 - 'Welcome to the Stickylocks economy'
▪ Equities, commodities, and other real assets have rebounded strongly, indicating a reflationary environment.
▪ Sticky inflation is trending higher and inflation expectations have risen substantially as a result.
▪ Consistent with that, benchmark yields have been increasing and forecasts for rate cuts have been reduced significantly.
▪ The US is currently the only economy exhibiting growth momentum which is reflected in elevated market valuations.
▪ After a better-than-expected first quarter, equity markets are expected to take a breather and consolidate their gains.
