Global Insight Monthly October 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

The price of success is steep, but not too steep

The Fed has finally moved aggressively to dial back interest rates, undoing a yield curve inversion that has been in place since February 2022 in the process. While a steeper yield curve reflects the market’s optimism that rate cuts will shore up the economic outlook, we believe further steepness could be taken as a sign the Fed will cut rates deeply, likely in response to a recession: Article

Global equity: Sapping support?

The current equity market advance could have further to run. However, two measures, sentiment and valuation, are providing much less support than they were two years ago—all the more reason why a cautious, watchful approach is called for: Article