Co-Heads of Strategic Fixed Income, Jenna Barnard and John Pattullo, share their views on the current markets, outlining the reasons why they see the global economy as definitively ‘late-cycle’ and explain why investors should be aware of narrative fallacies in the markets.
Key points:
- Numerous factors point to a definitively late-cycle stage in the global economy
- The ‘rising rate environment’ is the biggest narrative fallacy currently in the media and the markets
- The disruption in previously defensive industry sectors, such as tobacco and mobile phones in parts of Europe, is making the search for sensible income more complex
