For markets, the third and fourth quarters are likely to bring a continuation of high growth and high inflation, but over the next few months, it should become clear that growth is peaking, wrote Anastasia Amorosa, iCapital chief investment strategist.
Estimates suggest GDP should grow 8.3 percent in the third quarter, less than the 9 percent expected in the second quarter. Importantly, core inflation may remain at 3.5 percent and 3.7 percent in the third quarter and into the fourth quarter, respectively, and well above 2 percent in 2022.
To read her full report, click here. iCapital also released its report Private market investing flourishes in Europe and Asia,