Q1 Market Update and Our Outlook
Markets have had an uneven start to the year, with volatility driven by inflation, interest rate expectations, and geopolitical developments. After the strong returns of the past two years, this shift toward a more normal environment is not unexpected. Economic data has remained relatively resilient, with labour markets holding up and corporate earnings generally stable. Inflation is trending in the right direction, although not in a straight line, and the timing of interest rate cuts remains a key focus for markets.