SUMMARY
We see a tug-of-war ahead between the US Federal Reserve – believing it must “normalize rates” and its balance sheet in rapid fashion – and the economy itself. Faced with this tussle, investors may consider defensive stocks over cyclicals.
We see a tug-of-war ahead between the US Federal Reserve – believing it must “normalize rates” and its balance sheet in rapid fashion – and the economy itself. Faced with this tussle, investors may consider defensive stocks over cyclicals.
lateor
behind the curve, many investors have become bearish on the economy and markets too early. The immediate prospects for the economy are by no means bleak, particularly when you look at jobs data and earnings growth.
rate shockof 2022.