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By Colin Moore, Global Chief Investment officer, Columbia Threadneedle Investments
- Investors loved financial markets while market volatility was noticeably absent. But now it’s back.
- Investors are fearful that inflation will rise faster than expected due to the impact of a weak dollar on import prices and rising wages, and that as a result interest rates may also rise faster than expected. But the reemergence of wage growth may be a positive for economic growth and corporate earnings.
- We see any further decline in equity prices as an opportunity to be a selective buyer of risk assets in multi-asset portfolios.
- Volatility may be back, and it is reminding us we didn’t really like it that much, but...
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