Looking at historical parallels to assess prevailing macro conditions can be a useful exercise - also in markets, one can argue that in the end history doesn’t perfectly repeat itself but if often rhymes.
In December 2021, carrying a similar analysis I found out that 2022 had a high potential of being ‘‘2018 on steroids’’ and hence delivering negative returns across asset classes: what about today?
Refreshing my macro framework and digging into 50+ years of history, the evidence is pretty compelling: the next 6 months might well resemble the Q4 2000 - Q1 2001 period.
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.