Taking chips off the table but staying in the game

Voya
By August 2, 2022 12:56

Taking chips off the table but staying in the game

Voya Multi-Asset Perspectives | 3Q22

It was a bruising first half of the year for financial market participants, with U.S. and global stocks entering bear market territory while core bonds, generally considered “safe-haven” assets, declined by double digits. Russia’s war on Ukraine continues to warp market dynamics, and inflation is running at the highest level in over 40 years, which adds more than a pinch of salt to a gaping real return wound. Unfortunately, pain has not provided clarity; the prevailing market narrative has shifted again with further deterioration in the global macro backdrop. From visions of transitory inflation to views of a prolonged period of Federal Reserve rate hikes, the consensus is now that some price pressures will abate primarily due to a rapid slowdown in demand, which will force the Fed to quickly reverse course and cut rates next year. 

 

Voya
By August 2, 2022 12:56

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