There was no place to hide with the repricing of equity risk around the globe. The exception was China which was coming out of its spring lockdown. Whether DM or EM markets, the unified move by many central banks to raise rates in the face of global inflation dropped the valuation of equities. The switch in central policies was not coordinated but higher global inflation requires a collective response.
Major US equity sectors showed declines with energy generating a large reversal based the slowing of oil price momentum. Staples, healthcare, and utilities all provided some protection from the bear market, but that is not the same as generating portfolio gains.
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