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.
Looking ahead, the case for fixed income remains
No matter whether a soft landing or a recession is ahead, we believe that intermediate fixed income can present a compelling alternative to both equities and short duration fixed income.
Recessions are more than just a number: an investment framework
The idea a U.S. recession could be imminent is likely to spark anxiety among investors. We highlight five considerations that investors should pay attention to.
The ABCs of ESG
We list the key definitions and terms of ESG investing. Find out answers to what is PRI, SASB, SBTi, active ownership or stewardship and more.
Looking ahead, the case for fixed income remains
No matter whether a soft landing or a recession is ahead, we believe that intermediate fixed income can present a compelling alternative to both equities and short duration fixed income.
Recessions are more than just a number: an investment framework
The idea a U.S. recession could be imminent is likely to spark anxiety among investors. We highlight five considerations that investors should pay attention to.
The ABCs of ESG
We list the key definitions and terms of ESG investing. Find out answers to what is PRI, SASB, SBTi, active ownership or stewardship and more.