The first quarter of 2023 saw both equity and bond markets rebound from the abysmal performance in 2022. On the surface, some might feel that this bounce back is more than just a rebound off the low levels last year. However, if you look at both the stock and bond markets, they are telling a different story of the economic climate.
2022 was a dificult year for both stock and bond markets. Looking ahead, what can we learn from this past year and how do we position going forward?
Central bankers across the globe have one focus right now and that is to bring down inflation. That singular focus has caused havoc in bond and stock markets around the world.
The high and persistent level of inflation in most parts of the world has wreaked havoc on both the bond and stock markets in 2022. The question is – are we through the worst, or is there more still in front of us?
Over the past few quarters, I have been concerned about the valuation of the equity market and the risk that inflation would not be “transitory.” In this newsletter I discuss how the bond and stock market have performed and how I’m positioning in each
asset class.
Ashit Dattani
(604) 482-8336
(604) 482-8336
700 West Georgia St., Suite 1000 - 1101
Vancouver, BC V7Y 1A2