2 April 2026
This AFR Chanticleer column looks at the tougher question now facing markets: how do you value assets when inflation, slowing growth, war and higher interest rates are all colliding at once?
The piece features comments from Alvia CIO Josh Derrington, who says markets are “really grappling with how to value things” as investors try to work out the right discount rate in a far more uncertain environment. With central bank support looking less reliable and stagflation risks starting to re-emerge, the article captures the growing tension between a market still hoping for relief and a macro backdrop that remains difficult to price.
It’s a sharp read on what happens when the cost of money becomes the market’s biggest problem.