Higher for Longer
Disclaimer: Your capital is at risk. This is not investment advice.
Amidst financial turbulence, our message stands firm. While US headline inflation has surged due to the price of oil, core inflation steadily declines, and softer housing and rental costs promise relief ahead. The Federal Reserve's resolute stance on prolonging higher interest rates resonates globally. Despite a robust US labour market, cracks are emerging, and recession concerns have not dissipated.
We maintain Equities in our portfolio, but note their cooling trend. Our preference remains for high-quality global equities. Cash and government bonds hold appeal, but a full transition isn't imminent. Continue to exercise prudence, heeding the Fed's cautious guidance as we navigate these uncertain markets.
