BakerAvenue Prudence Indicator Says...
Long-term: Neutral | Short-term: Neutral
Markets are trying to strike a fragile balance between hope that inflation is peaking and fear of a recession. Growth is slowing just as financial conditions tighten, but we suspect prolonged recessionary conditions can be avoided. Volatility has remained elevated, and investors are sure to remain on edge as the path to a soft landing is narrow. As always, we will defer to our technical, fundamental and macro disciplines to assess the risks and guide our outlook.
Disclosure: Past performance is not indicative of future performance.