In Summary
To investors’ dismay, the start of the second half of 2024 has been the antithesis of the first half, with global markets enduring a significant sell-off. As investors grapple with a number of macro factors, we believe the overarching macro narrative has shifted from a fixation on inflation to the path for economic growth. With labor markets sending confounding signals, the investment community is now attempting to answer the question: are we headed for an economic recession or not?
In our view, the probability of an imminent recession is low, but risks remain. Read our latest report on the recent market volatility in our series, “The Long and Short of It” by The Office of the CIO at Rockefeller Global Family Office to learn more.