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Economic and Market Outlook – April 2023
Welcome to our latest Economic and Market Outlook – April 2023.
The recent banking crisis in the US, which originated in the coronavirus stimulus packages, left many banks with an influx of deposits and a choice between originating more loans or purchasing higher yielding debt securities. Many banks chose the latter and invested in fixed rate assets such as government bonds and mortgage-backed securities.
Find out more about how this strategy led to the largest banking failure in the US since the global financial crisis, how it affects the Australian economy, as well as our outlook on Australian and international equities.
This edition covers the following topics:
- International economy – banks facing a choice
- The global banking system affecting the Australian economy
- Outlook and sector view for Australian equities
- Outlook for international equities
Any advice included in this newsletter has been prepared without taking into account your objectives, financial situations or needs. Before acting on the advice you should consider whether it’s appropriate to you, in light of your objectives, financial situation or needs. You should also obtain a copy of and consider the Product Disclosure Statement for any financial product mentioned before making any decisions. Past performance is not a reliable indicator of future performance. Advisors at Pitcher Partner Sydney Wealth Management are authorised representatives of Pitcher Partners Sydney Wealth Management Pty Ltd, ABN 85 135 817 766, AFSL number 336950.
