
- Date: April 22, 2024
- Author: Pooja Tanna
On my mind
As we closed the last month of what can only be described as a tumultuous quarter and brace ourselves for the rest of the year ahead, the key themes running through my mind are not the endless recession dilemma, or sticky levels of inflation, or the increasingly opaque interest rate cycle.
Instead, my concerns for the quarter ahead are more personal: whether peace will finally come to the Middle East, how peaceful our national election in South Africa will be and whether the cost-of-living crises around the world will ameliorate in any meaningful way sooner rather than later.
More specifically, in fixed income markets, I foresee risks in the near term as we remain beholden to the Fed and ongoing data prints. This situation, however, should improve in the second half of the year as we get more clarity on policy adjustments and economic conditions.
As a money manager, regardless of the environment or my own fears, my objective remains steadfast: to generate consistent risk-adjusted returns, maintain a level head in the face of volatile markets and seize opportunities during times of irrational market behavior. As I prepare for a time of uncertainty in the quarter ahead, fixed income markets continue to offer both challenges and opportunities. While navigating this landscape, I remain focused on what we do best at Perpetua: wealth creation, wealth management and wealth preservation.