分類: INVESTMENT

  1. 2023 MAR – MONTHLY INVESTMENT OUTLOOK

    Stock and bond markets partially reversed their gains as renewed inflation concerns caused the divergence between risky and risk-off assets to close in February.

  2. GLOBAL EQUITIES – EARNINGS DOWNGRADES WILL INTENSIFY

    After a sharp rise since mid-June, reality caught up with investors at Jackson Hole, which reminded everyone that fighting inflation remains the central bank’s top priority.

  3. GLOBAL BONDS – PREFERENCE FOR INVESTMENT GRADE SHORT DURATION AND HEDGE FUNDS

    After their temporary decline in August, government bond yields have sharply rebounded on hawkish communication from US and European central banks and renewed inflation fears.

  4. UBP ECONOMIC OUTLOOK – PEAKING INFLATION IN THE US BUT UPSIDE RISKS IN EUROPE

    Tail risks to growth have increased further due to an energy crisis and severe tightening from central banks.

  5. UBP ECONOMIC OUTLOOK – NAVIGATING RISKS

    Tail risks to growth have increased further due to an energy crisis and severe tightening from central banks.

  6. GLOBAL TACTICAL ASSET ALLOCATION – REMAINING CAUTIOUS

    Activity is slowing down in the US, while recovery in China remains slow; Europe is facing accumulated recession risks as it heads towards winter.

  7. MONTHLY INVESTMENT OUTLOOK – BEGINNING THE NEXT PHASE OF THE 2022 BEAR MARKET

    Following the summer rally, risk assets once again overprice
    soft-landing prospects requiring a cautious stance on the
    part of investors going into year-end. Comments from Fed
    Chair Powell suggest that economic risks are increasingly
    skewed towards recession especially in Europe and the US
    in the months ahead.

  8. GLOBAL EQUITIES – EARNINGS ESTIMATES WILL NEED TO ADJUST LOWER

    June was another tough month for equities with investors increasingly concerned about a recession due to disappointing economic data

  9. GLOBAL BONDS – PREFERENCE FOR HEDGE FUNDS AND INVESTMENT GRADE CREDIT

    The repricing in government bond yields has continued over the past month, with concerns still in markets about volatile inflation and the confirmation of tougher monetary policy and substantial rate hikes over the coming months.

  10. UBP ECONOMIC OUTLOOK – THE FED TO PUSH THE US ECONOMY TO THE VERGE OF A RECESSION

    US domestic demand was up by an average of 2.3%-2.7% in H1-22, as consumption and labour were still resilient.