Investment Insights: The ups, the downs, and the future of the economic cycle
This article looks at some of the current challenges faced by the consumer market and explores macroeconomic trends affecting the market.
Investment Insights: Stage two of the downturn – earnings downgrades
In mid-2021, Touchstone developed the view that inflation would move higher and become more persistent than was widely expected. We thought this would, in turn, see central banks increase interest rates to levels well above market forecasts.
Investment Insights: The wrap on reporting season
In the post GFC environment, many investors focused principally on one number during reporting season – revenue growth.
Strong start to 2023 likely, but full interest rate impact still to play out
The real economic impact of higher interest rates will start to hit home in the first half of 2023, resulting in households reducing spending and many corporates’ earnings revising materially lower during the course of next year, says Ron Sargeant, portfolio specialist at Touchstone Asset Management.