Markets face volatility as US Treasury Yields hit highs and Jeremy Grantham predicts a US recession. Crude prices fluctuate amid supply cuts and Russia’s export ban.
The ASX curbed initial losses, ending just 0.3% down, driven by a rally in energy stocks amid global supply concerns following Russia’s fuel export ban.
Equites, particularly growth stocks, slumped overnight under pressure from a spike in Treasury yields testing multi-decade highs as investors continued to digest the prospect of a higher-for-longer Federal Reserve interest rate regime as the Bank of England made very clear they will be in no rush to pivot
This website provides general advice that does not take into account your individual objectives, financial situation, or needs. Past performance does not guarantee future results. The trade recommendations in our Pilot Portfolios are hypothetical, may exclude certain fees, and are not a basis for future investment decisions. Please do not rely solely on this information. We recommend seeking appropriate financial, taxation, and legal advice before making any investment decisions. Please refer to our Financial Services Guide for more information about our services.