“We are entering into an unusually synchronised global recession… lead indicators suggest this will be a long downturn and a deep recession.” (September 2022 webcast)
In the September webcast we discussed the lead indicators we follow and see no bottom until Q2 2023 at the earliest. Further, we have a litany of potential negative catalysts into the global recessionary backdrop such as: energy crisis, central bank panic (coordinated tightening into a recession) and a structural growth collapse in China amidst property defaults and a zero covid policy. Here we updated on the outlook following a tumultuous few months for financial markets and bond markets in particular.
These are the views of the author at the time of publication and may differ from the views of other individuals/teams at Janus Henderson Investors. Any securities, funds, sectors and indices mentioned within this article do not constitute or form part of any offer or solicitation to buy or sell them.
Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.
The information in this article does not qualify as an investment recommendation.
You are now leaving our site and entering a website not operated by or affiliated with Janus Henderson Investors. While we aim to point you to useful external websites, we cannot be responsible for their content, opinions, advice or accuracy, even if you utilise the services on the linked site to invest in our products.
You should review the Terms and Conditions of third party websites and contact the operators of such sites if you have any queries.
You are now leaving Janus Henderson's website and will be redirected to the website of the Securities and Exchange Commission (the "SEC"). Money market funds are required to provide the SEC with a monthly electronic filing of more detailed portfolio holdings information on Form N-MFP.
Janus Henderson is not responsible for the content, accuracy or timeliness and does not make any warranties, express or implied, with regard to the information obtained from other websites. This link should not be construed as either a recommendation or offer to by or sell any securities.