Fynsa
We continue to recommend overweighting less rate-sensitive assets such as cash, value sectors, international equities and real assets.
Higher interest rates put pressure on valuations during 2022, but the focus will now shift from valuations to corporate earnings in an increasingly challenging macro environment.
The important question that arises with respect to the Central Bank's policy is how long monetary tightening will be on hold.
The market is beginning to doubt that central banks globally will remain aggressive in the fight against inflation as risks to financial stability increase.
