Rising interest rates and inflation have upended investing
Not all assets have been affected equally
For almost a year, ever since America’s stockmarket peaked on January 3rd, investors have been craning their necks, looking for the bottom. Will the most recent trough, halfway through October, turn out to have been it? More importantly, bottom or not, what trends will shape returns going forward?
This article appeared in the Briefing section of the print edition under the headline “When the tide turns”
Briefing December 10th 2022
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