Quarterly market update: Stagflation, policy error risk & holding the line on China
By the end of March, the S&P was only 5% shy of its all-time highs set in early January despite intensifying geopolitical and economic uncertainty. In fact, in early March US equities staged one of the largest and fastest bear market rallies since 1928.
But the move back into the growthier tech complex in the US has now faded into April. So, what’s to come in this complex market environment?
In this quarterly update episode, we discuss the following topics:
- Why Stagflation has become Antipodes’ ‘base case’ (01:30)
- The risk of Central Bank policy error (04:40)
- Antipodes’ portfolio positioning (07:50)
- Why Antipodes in holding the line on China (10:30)
- Antipodes’ China exposures (26:00)
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