Investment Outlook
Investment outlook first quarter 2023
After three tumultuous quarters, equity markets recovered slightly in the fourth quarter. The MSCI world stock index closed 2022 with a drop of 13% in euro. High inflation in the US and EU persisted at 7% and 10% respectively. Subsequently, the US Fed raised their policy rate from 0.25% at the end of 2021 to 4.5% at the end of 2022. The interest rate rise caused a correction in the stock markets and brought volatility back to the dormant bond market with a sharp plunge.
Outlook fourth quarter 2022
After the attack on Europe’s energy infrastructure, Russian mobilization, sharp rises in consumer price indices and unprecedented interest rate hikes by the US and European central banks, the financial markets are in limbo.
Investment outlook third quarter 2022
The first six months of this year were the worst half year for financial markets since 1970. With rising interest rates, bonds offer virtually no cushioning for the decline in the stock market. Markets remain captivated by high inflation, energy prices and interest rate hikes. We will address these points and share two scenarios.
Investment outlook second quarter 2022
An investment outlook should not be a retrospective. Financial markets look ahead. Nevertheless, given the volatile first quarter, this time we look back to see how expectations developed over the last three months. We evaluate three market movements.