FN Marktrapporten is een service voor de betalende abonnees van Fondsnieuws. De dienst geeft toegang tot de database met research van meer dan 70 asset managers. Dagelijks wordt vroeg in de ochtend in een aparte e-mail een overzicht toegestuurd van alle nieuwe researchrapporten. Deze e-mail dienst heet de Morning Call.
The recent sell-off has put us into another 5% correction — something that has historically happened every 10 weeks. Today markets almost closed in 10% correction territory — something that has historically happened every 34 weeks, and of which we are well overdue (current stretch is 94 weeks). Weakness can be attributed to a combination of concerns about rate hikes, economic growth and corporate earnings.
The hawkish December FOMC minutes released in early January suggested rate hikes ‘sooner or at a faster pace’ than previously expected, while also raising forecasted inflation to 2.6% in 2022 — an increase over the 2.2% projected last September. There is little doubt the central bank is a bit more concerned about inflation measures broadly, which has also contributed to some of the bond market sell-off.
While it is easy to find the big prognostications about megatrends—Artificial Intelligence (AI) being one—many of them tell us where we might be 10, 20, or 30 years into the future. We think it’s helpful to, instead of focusing on where we could find ourselves by 2050, to think about what we might see in 2022.