Still Searching for Yield
September is often the time when there is a notable change in the investment climate. The return from the summer holidays sharpens investor focus on the final stretch of the year as a period to bolster returns and to minimise event risk so as not to undermine any gains made in the early part of the year.
After a meaningful growth rebound so far in 2021, the first question is likely to be, how long can the growth persist? There may still be some pent-up consumer and business demand to feed through, but these factors are starting to fade in many areas. Monetary policy remains very loose but this is likely to change before year-end with both the US Federal Reserve (Fed) and European Central Bank (ECB) becoming nervous about strong growth and high inflation prints. Fiscal policy is also becoming less expansionary as governments roll back their support.
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Exp. Date: 30/09/2022