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We believe fears are overdone as systemically important banks retain strong liquidity positions...

Ultimately, we believe key inflation data are still driving overall market direction in the mid-term

Fed likely to hike another 25 bp in May

Incoming economic data points to further hawkish implications, increasing risks that the Fed will need to tighten for longer

US economic soft-landing is achievable but Fed’s job is not yet done

Headline US inflation is slowing down; we remain cautious of core sticky inflation

Adopted a 4-step framework approach in navigating change in the market regime.

Markets currently appear to need further sequential evidence before pricing in a more sustained period of higher yields

While disinflation should produce moderation, conditions to allow a Fed pause are not yet in place.

Monetary authorities remain focused on their price stability mandates and continue to tighten policy

Opportunities in selective quality companies within the Developed Tech sub-sector

The equities market is clearly caught between a rock and a hard place

We argue that the risk-reward is increasingly skewed towards Global Equities

Adhere to fundamentals and valuations and take a longer-term view on investment calls

Continue to favour defensive equity against the backdrop of recessionary risk

Asia region likely to remain highly favourable

Recession risk and our thoughts

Outperformance from China is likely to continue

Continue to favour Value over Growth stocks against a backdrop of uncertainty

Peak Inflation? – Market sentiments are mixed

The 3Rs – rates, recession and risk remain the outstanding in order to evaluate the market

Aggressive central bank rate rises is abating

As expected – a 50bps hike

Fed turns Hawkish again – Eyeing for 50bps hike

The projected seven 25bps steps for 2022

War in Ukraine - the decision on whether to ban Russian energy exports

Market Recovery to be strong, but expect Volatility to be stronger

Fed all Set for March Hike, Potential stiff 50-basis point hike?

Earlier Fed Hikes vs China Rate cuts

The inflection point of interest rate cycle is here!