The US economy looks relatively resilient compared with Europe, which seems to have slipped into recession, while China is on the edge of systemic deflation, Kimberley Strand, head of sustainable investments and portfolio manager at , expects US recession to land in the first half of 2024, and believes that equity analysts are not buying into the recession outlook, with recession risks not well priced into markets. See more here.  

Perks thought that cash was looking increasingly attractive in view of the geopolitical risks and the recent invasion of Israel by Hamas. “Higher quality assets are also well positioned to do well,” he said. He stressed the benefits of having a diversified portfolio which included alternatives.