Investors have burned their hands across most asset classes so far in calendar year 2022 (CY22). The sharp reversal in the interest rate regime by global central banks, coupled with multi-year high inflation, has dented returns from equities, bonds (government securities), gold, and cryptocurrencies alike.
Fears that advanced economies may see a ‘hard landing’ because of a sharper-than-anticipated rate hike cycle; energy crisis in Europe; and faltering economic growth in China has dented the overall returns for investors.
As the geo-political situation remains tense, with Russia-Ukraine conflict intensifying, and the US-China locking horns over Taiwan, along with persistent macro-economic headwinds,