Global Insight Monthly August 2024
I'd like to share the latest investment strategy report from RBC Wealth Management—Global Insight, which provides our current thoughts on asset classes, the economy, and timely issues that impact investment strategy.
Full report: Global Insight
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Highlights
Global equity: Offense still on the field; defense ready for the call
The market pullback will take time to play out. Planning for an eventual shift to defense beats a “hope for the best” approach. PDF link
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Global fixed income: What a difference a difference makes
As the formation of global central banks lining up to cut rates has swelled in recent months, with the Fed likely to soon follow, the Bank of Japan broke ranks, and with that perhaps set the recent selloff in motion.
U.S. Recession Scorecard: Four of seven
Our U.S. Recession Scorecard saw an important negative shift in May when a third leading indicator was re-rated to recessionary red. A fourth—the unemployment rate—followed suit in July. With a majority of the Scorecard’s indicators now in the red column the risks of the U.S. economy slipping into recession in the coming months are rising.
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If you have any questions or need further guidance, please do not hesitate to contact me.