Head of Asset Allocation, Damien Hennessy, explains how households came into the last few years with excess savings and cash, and with unemployment going down and wages increasing by 4-5%, to date, they’ve been relatively shielded from the rate rises. Although your clients may voice a different view on how challenging the environment has been, they’ve still been spending and so have businesses.
In this discussion, Damien takes a deeper look into whether a soft landing has been priced into markets already and what would we expect to see if we do reach a ‘no-landing’ scenario. With all this in mind, Damien shares the key sectors that we’re focusing on for the optimal asset allocation outcome in the current environment.
Duration: 10 minutes