The Long View: 2022 - The year of transition
Jeff Schulze | ClearBridge Investments | 13 January 2022 | 0.50 CE
- We expect more volatile equity markets with more muted returns than the last two years as the macro environment undergoes a shift in terms of phase of the economic cycle, the pandemic, monetary policy and fiscal stimulus.
- Inflation will likely get worse over the next few months as easy comparisons from a year ago are lapped but should improve later in 2022 when comparisons become more challenging. Despite an unprecedented set of reasons for prices to soar, longer-term inflation expectations remain muted.
- Although the current cycle could run hotter a...