Despite inflation cooling down a bit in August, up 8.3%, Americans can still expect to pay up on their next trip to the grocery store.
China’s once-booming housing market cracking. The economy is sputtering under Covid lockdowns. And the People’s Bank of China has cut interest rates.
Investors fleeing equities en masse amid the specter of a recession, with allocations to stocks at record lows and cash exposure at all-time highs.
A soft landing is becoming the more likely scenario for the global economy, which will continue to provide tailwinds for risky assets.