Investor sentiment continues to shift dramatically. As we enter the second half of 2024, we’re witnessing a flurry of macroeconomic changes, from the impact of remote work on productivity to the evolving landscape for investors in the age of AI.
This quarter, we delve into the resilience of the US economy, question the reliability of traditional recession indicators, and examine the implications of the Fed’s prolonged tightening cycle. We also explore the growing wealth divide, its influence on the cost of living crisis and why we think it’s presenting an opportunity to own luxury names at a discount.
CIO Josh Derrington rounds out this edition by examining the growing demand for baseload power amidst increasing data centre and AI-related electricity consumption.
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