Global Macro Overview from Mackenzie: The Goldilocks era for investing of “not too hot, not too cold” — where low inflation and moderate economic growth allowed central bankers to flood the financial system with liquidity — has shifted significantly.
2022 was a tumultuous year for investors, to say the least. Markets around the world were affected by high inflation, rising interest rates, and concerns about slowing economic growth in 2023.
Inflation and the Fed’s commitment to fighting it with rate hikes dominated financial headlines and preoccupied investors during August. Here’s a summary of the notable events that steered the markets.
Kristina Hooper (Invesco Canada) looks back at five issues that pressured markets in April and explores the “glass half full” moments she sees that give me some optimism for the months ahead.*
The global economy led by the U.S. continues its gradual recovery—supported by economic reopening and COVID-19 vaccine distribution. Stronger consumption is expected through 2021 fueled by consumers with excess savings and pent-up demand for goods and services...
March 23 marked the one-year anniversary of the market low brought on by the pandemic. Since then, the S&P 500 has seen its largest 12-month gain since 1936, exceeding the recovery in 2010 from the global financial crisis. Equity markets performed well through the first quarter, extending the gains made since March last year.