Mackenzie, one of the world’s leading fund management companies, said it is starting to be less optimistic about stocks and seeing more gains in bonds.
Lesley Marks, Mackenzie’s Chief Investment Officer for Equities, stated that the efforts of central banks to increase borrowing costs are starting to have an impact on the economy, eventually leading investors to take a more defensive stance.
“As data continues to emerge over the rest of the year, we think people will see the economy actually slowing down,” Marks said.
Mackenzie’s view is actually very common among billionaire investors and famous fund managers lately. As mentioned in the report titled “Why Investors Shouldn’t Fight the Fed” published by Morgan Stanley, the 16 percent rally in the S&P 500 is realized by ignoring the economic slowdown.
However, in line with Mackenzie’s view, global fund managers are of the opinion that the Fed’s hawkish stance is sometimes perceived by markets as an economic optimism or an unwarranted threat.
Recession Will Be Moderate, Stock Choice Is Important
In his statement, Marks commented that a global recession would be moderate, but the slowdown in the economy in the second half of 2023 will begin to have more impact on the outlook for stocks. Recommending that investors be more careful about investing in stocks, Marks, Chief Investment Officer of Equities, said that sectors such as non-cyclical basic consumption and health may come to the fore in an economic slowdown period.
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your own research and due diligence before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.