Quarterly Update | Q2 2024 | EP161

Portfolio Manager Crista Caughlin discusses the economy and factors that drove markets in the second quarter of 2024.

Key points from this episode:

• Because inflation is easing at a gradual pace, central banks with likely be cutting rates gradually.
• We are at the end of a global tightening cycle and starting to see countries tweak their policies to better fit their domestic markets, but there is not and likely won’t be, a material divergence in the path forward among central banks.
• The yield curve has been inverted for almost two years, which is longer than average. However, it's not the longest inversion on record. In the late 80s, the yield curve remained inverted for over two and a half years before a recession.
• In continuation of the first quarter, equity markets did quite well again, with most reaching new highs during the quarter. The strength was primarily driven by a narrow segment of the market, notably technology.
• From an asset mix perspective we continue to be neutral equities, overweight bonds, and underweight cash.
  
  

Host: Kevin Minas, CFA, MBA, CAIA, Institutional Portfolio Manager
Guest: Crista Caughlin, CFA, Portfolio Manager

For more details and full transcript visit: https://www.mawer.com/the-art-of-boring/podcast/quarterly-update-q2-2024

This episode is available for download anywhere you get your podcasts.

Founded in 1974, Mawer is a privately owned independent investment firm managing assets for institutional and individual investors. Mawer employs over 250 people in Canada, U.S., and Singapore. Visit Mawer at https://www.mawer.com.

Follow us on social:

LinkedIn - https://www.linkedin.com/company/mawer-investment-management/

Instagram - https://www.instagram.com/mawerinvestmentmanagement/

Twitter - https://www.twitter.com/mawer_Invest