Global Matters Weekly – 30 January 2023

Turning away from the glass-halfempty mentality

by Gregoire Sharma, CFA — Senior Portfolio Manager & Research Analyst

— It seems, inflation has likely peaked and is expected to fall materially this year

As we turn the page on 2022 and look with cautious optimism at 2023 for some respite in markets, investors are appraising the investment landscape with an understandable degree of trepidation. Indeed, following the macroeconomic and geopolitical events of 2022, losses in fixed income markets were on par with those in equities making it one of the worst years on record for balanced portfolios.

Market Snapshot

    • Global equities returned 2.2% last week
    • Following Germany’s promise of military support, the US announced that it would be sending 31 M1 Abrams tanks to aid Ukraine’s battle against Russian forces
    • Brent crude fell by 1.1% to $86.66 per barrel
    • Gold rose 0.1% to $1928.04 per ounce