The Slow Path of Normalisation

August was another interesting month for markets as investors grappling with a higher for longer interest rate narrative from global central banks, softer economic data from Europe and worse-than-expected outlook of China. While the resilience of growth in the U.S. helps to support investor sentiment, the near-term outlook continues to present challenges.

In this video, Emmanuel Calligeris, Chair of the DWA Investment Committee, and Grahame Evans, Director of DWA Managed Accounts, talk to the economic development in various parts of the world as well as company earnings in both Australia and the U.S. Easing inflation pressures and the Federal Reserves' decision to leave interest rates on hold suggest that we are even closer to the end of the interest rate tightening cycle. However, with interest rates are likely to remain higher for longer whilst growth is slowing, do equity market valuations look expensive, fair, or cheap?

Tune in to this month's Ground Control as we share with you our views on investment markets from property to shares and to bonds.

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