Markets were spooked mid-month as the Delta variant of COVID-19 surged across many parts of the globe. This made for a choppy period, but markets regained composure before month-end.
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.
June turned out to be nothing like May. Indeed, it was a remarkable month with yields continuing to fall, credit spreads tightening and equities rallying despite ostensibly bearish data/news.
There are two keys to managing a multi-asset portfolio successfully. The Global Balanced Risk Control team discusses.
This month the Fed surprised by moving its dot plot for 2023 to include two rate hikes - a hawkish divergence from the one rate hike that markets were expecting would be signalled.
May proved to be a relatively quiet month, despite some large data surprises. U.S. employment and inflation data both surprised: employment to the downside (by a very wide margin) and inflation on the upside (the biggest surprise in several decades).
Jim Caron, Portfolio Manager and Head of Global Macro Strategies for the Global Fixed Income Team, shares his macro thematic views on key market drivers.
