With 2024 underway, our attention returns to central banks’ messaging. What we’re looking for is a clear indication of the timing of interest rate cuts—monetary policy, in our view, is the key to certainty about the upcoming year.
This is a special issue of BMO GAM’s Monthly House View. Our usual format will return in January. From higher interest rates to near-record inflation, 2023 tested investors’ mettle.
The technical recession we’ve been waiting on for months finally seems to have arrived in Canada.
Fixed income investors are enduring a historical drawdawn that began in August 2020, but we think they should refresh their perspective on the asset class as we head into 2024.
As we emerge from a period of seasonality in which markets pulled back and investor nervousness shone through as expected, the focus now shifts to the gradual deterioration of the economy.
For the past several months, we’ve emphasized that the near-term
economic outlook is relatively healthy, and that it’s not yet time to shift to
a more defensive stance.
As the end of the summer approaches, the biggest story in markets is economic resilience.
As we enter the second half of 2023, choppier markets appear to lay ahead—though the timing of that turbulence remains an open question.
Poker players know that before you go all-in, it’s crucial to have as much information as possible. It’s no different for investors.
We’ve advocated for a balanced position as we waited for the bulls and bears to fight it out.
Now, we can start seeing a slight advantage for the bears.