Past the peak: But not downhill yet
Our previous outlook, Stay in the game, reinforced a key investment theme we’ve been advocating throughout 2023: Get off the sidelines. Lighten your cash holdings. Stop waiting for the one perfect moment that might never arrive. This tenet still applies, but for wary investors needing additional clarity, a new observation may help: Both inflation and central bank tightening have peaked for this cycle.
Against this backdrop, our current outlook emphasizes the following investment themes:
- Follow the trails to fixed income
- Deploy cash into areas of relative value
- Get real with portfolio positioning