- Stock market 'haves' and 'have nots'
- Neutralise different types of bond risk
'Santa rally' is a phrase you’re bound to have come across many times already this Christmas and, regardless of whether one happens in 2023 or not, seasonality is definitely a thing for markets.
This year, moderating inflation and slowing economies means the pressure is building on central bankers to turn dovish on interest rates. At the same time, there are tentative signs in much of the West that the slowdown may be softer than many had predicted. But this is far from a Goldilocks scenario: China’s puncturing debt bubble may yet have more serious consequences and, despite a delicate thaw in Sino-US relations, Taiwan’s 2024 election, to say nothing of the US's own, could see the diplomatic temperature plummet.