Strategic Fixed Income: unfortunately, a recession is baked in the cake

Janus Henderson: Strategic Fixed Income: unfortunately, a recession is baked in the cake

John Pattullo, Co-Head of Strategic Fixed Income | Portfolio Manager

Key takeaways:

With markets and central banks preoccupied with inflation, the signs of a synchronised growth downturn are not gathering as much interest as they should.
Note that the economic cycle still exists, but it has been exaggerated by the COVID response with more of a boom/bust pattern – shorter and more pronounced.
Unfortunately, all the hallmarks for a recession are baked in the cake; they just haven’t washed through the economy yet.

All the hallmarks for a recession are baked in the cake but have not washed through the economy yet. Markets will soon be forced to change their focus. (Recorded 25 August 2022)

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