The time has come
Our Chief Investment Officer, Marco Pabst, provides Arbion's Investment Viewpoints for September 2024 - 'The time has come'
▪ The US 10-2yr yield curve has un-inverted after a record-long stretch in negative territory.
▪ The rate cut cycle has started in earnest with substantial expectations for lower rates over the next 18 months.
▪ Inflation is dead for now, but growth is also slowing down, lending support to a soft-landing scenario.
▪ Such an outcome could be bullish for equity markets over the medium term.
▪ With rates being cut and inflation unlikely to raise its head, bonds are still attractive for their yield but also as a hedge.
