As inflation rates surge to multi-decade highs, central banks have started what we expect to be the most aggressive cycle of interest rate increases since the late 1980s/early 1990s.
The spectre of significantly higher interest rates has sent shockwaves through global markets as investor concerns grow that efforts to rein in inflation will end in recession. In this edition Morgans explain why a global recession is not its base case and despite the expectation for further market volatility over the next six months, Morgans think below-trend growth will be the likely outcome. Morgans update its asset allocation and tactical positioning maintaining a defensive tilt to portfolios. At a sector level, Morgans prefer resources, agriculture and defensive industrials and remain vigilant for buying opportunities amidst the noise.
Read more in Morgans Spring Investment Watch Update
As always, speak to your PPT adviser in relation to which stocks suit your investment goals.
For investment advice call PPT Financial on (03) 5331 3711.
DISCLAIMER: The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.