Japan’s prolonged period of low interest rates, a key feature of its economic policy for decades, has significant implications for global markets.

Every year, the largest banks, asset managers and consulting firms publish their economic and market outlooks for the following year, highlighting key topics, trends, opportunities and areas of concerns. For the first time, we have used ChatGPT to skim-read through and summarize 48 of these outlook presentations and built a database, containing the various opinions expressed in the the areas that are traditionally of interest to our clients and us.

My views on the economic and market implications of the banking turmoil.

Near-term tailwinds could favor international markets

The 60/40 stocks-bonds portfolio, a traditional investment strategy that has been popular for the past 40 years due to low inflation and strong economic growth, is facing challenges as it is not immune to all market conditions.

Uncertainty persists, but yield is back and fundamentals matter

Headwinds diminishing and valuations now more attractive

Adjusting to an uncertain future

The succession of two major crises (the Covid-19 pandemic and then Russia's war against Ukraine) could lead to major and lasting changes to the world order. In today’s Focus, we review 10 potential macroeconomic and financial trends which could shape the next decade.

Further price fluctuations loom amid Fed hikes, inflation, and post-pandemic shifts.