Alfred Lam, CFA, Senior Vice-President and Head of Multi-Assets CI Global Asset Management
It is December, we think about family, celebrations, food and for us in the investment industry, the investment outlook for 2023. We can attempt to predict based on “known unknowns” and be humbled by the fact the world may also have other “unknown unknowns”.
The boss of the boss: inflation
It is fair to assume inflation is cooling. Supply chain disruption has eased, as evidenced by the falling commodity prices. As interest rates rise, the willingness and ability of consumers to pay up has diminished. We have seen this in the property sector as mortgage rates have more than doubled. However, we recognize the road to 2% target inflation is a long road.
Download the rest of Alfred’s commentary: December Portfolio Construction