We remain bullish on global risk assets as our 3i’s investment themes continue to take shape.
The Fed commences its rate easing cycle with a 50-bps rate cut. This is broadly positive for risk assets but reinforces USD weakness.
The “3i’s” investment theme underpins our bullish outlook for global risk assets, focusing on Industry 5.0, Innovation and Involution.
The early August 2024 market decline has sparked a more balanced alignment between inflation and growth considerations for the Fed.
We consider the triggers behind the early August 2024 selloff and examine whether these are sentiment-driven or fundamentally-led.