with Daniel Grosvenor and Javier Corominas
September 12, 2023
In our first webinar after the summer recess, our Director of Global Macro Strategy Javier Corominas and Director of Equity Strategy Daniel Grosvenor outline why they think the recent equity market correction will continue and why it is now time to add duration to portfolios.
The latest update of our Cross Asset framework indicators supports defensive allocations. Investor sentiment has become overly optimistic and risk assets look vulnerable to tighter financial conditions and a deteriorating global credit impulse which we think will contribute to a sustained period of weak global economic growth. We think DM bonds are increasingly attractive in this environment following the recent rise in long-end yields.