Looking back on a turbulant first quarter
In the final episode of our Investment Insights series, Dawn Li Wan Po is joined my Marco Stroili to look back on what has been a turbulent first quarter for markets. Marco starts by outlining what our key calls for 2022 were at the start of the year when looking towards what we expected to be more self-sustaining markets. However, following the events of Q1 – namely the Russian invasion of Ukraine, central bank rate normalisation, and sustained high inflation – markets got off to a rockier start than first expected. Dawn then takes a deeper look at the actions of the central banks in the face of robust economic activity, strengthening labour markets and, perhaps most importantly, sustained inflation growth. Next, Marco explains the market reaction to the Russian invasion of Ukraine in late February, which primarily focused on commodity prices and investor sentiment. Finally, Marco provides an overview of the key calls made by Julius Baer’s research teams across Fixed Income and Equities. As a reminder, this was our final episode in the series as we will be joining our global Beyond Markets podcast from April. If you’d like to continue hearing our insights on what is happening in markets, please do subscribe to Beyond Markets on Spotify, Apple Podcasts or your preferred podcast provider.