{"id":1416,"date":"2024-03-25T22:32:43","date_gmt":"2024-03-25T22:32:43","guid":{"rendered":"https:\/\/halcyonpw.com.au\/?p=1416"},"modified":"2024-03-25T22:32:48","modified_gmt":"2024-03-25T22:32:48","slug":"market-update-unfurling-the-sails-a-little","status":"publish","type":"post","link":"https:\/\/halcyonpw.com.au\/market-update-unfurling-the-sails-a-little\/","title":{"rendered":"Market Update | Unfurling the Sails (a little)"},"content":{"rendered":"\n
Key Points:<\/em><\/p>\n\n\n\n In this month\u2019s Market Insight<\/em>, we provide an update on our outlook for the year ahead and some of the portfolio changes which have occurred recently. We have been writing about the implications of the global monetary policy tightening cycle since late 2021.<\/p>\n\n\n\n With interest rates being hiked meaningfully, a recession, which has been the most common consequence of hiking cycles historically, loomed large as a risk during this period. Since then, a number of major economies have suffered weak economic growth or even technical recessions. However, US economic growth has shown remarkable resilience and the US economy ranks first, second and third place in terms of importance for global markets.<\/p>\n\n\n\n Based on higher frequency data and some leading indicators, there doesn\u2019t seem to be an imminent risk of a recession in the US in the near term. Indeed, global economic growth actually began to improve late last year.<\/p>\n\n\n\n