Spring webinar: Can ongoing economic volatility actually accelerate investment portfolios?

2023 was often a difficult year for investors. However the pivot by major central banks last October to guide that interest rates had peaked and were set to fall in 2024, sparked a rally in most major asset classes which has continued into the new year. Inflation has decreased, economic growth has held up well, and investors have been optimistic that company earnings will continue to grow.

However, geopolitical risk has increased, and while economic growth has been revised up, inflation seems to be maintaining a higher-than-expected level as well, threatening the prospects of interest rates cuts in the coming months.

In our latest client market webinar on 18 April, Stuart Dickson, Senior Investment Director joined our Co-Chief Investment Officer, Richard Champion, to discuss their views on recent news including inflation, the rising fiscal risks in the US, the increase in the prices of major commodities such as gold, copper and oil, and developments in technology and healthcare sectors.

We explored:

• The factors that created better than expected US economic growth in recent quarters and the risks around the growing fiscal deficit
• Our expectations for interest rate policy at the major central banks for the remainder of 2024
• The opportunities that we have found in technology and healthcare sectors
• Whether the ongoing geopolitical volatility will de-rail the recent market recovery.

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Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity.

This is not a recommendation to invest or disinvest in any of the companies, themes or sectors mentioned. They are included for illustrative purposes only.

The information contained herein is based on materials and sources deemed to be reliable; however, Adam & Company makes no representation or warranty, either express or implied, to the accuracy, completeness or reliability of this information. Canaccord is not liable for the content and accuracy of the opinions and information provided by external contributors. All stated opinions and estimates in this article are subject to change without notice and Adam & Company is under no obligation to update the information.