Investments & Wealth
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 is general only and 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. Advisers at Pitcher Partners Sydney Private Wealth (‘PPSPW’) are authorised representatives of Pitcher Partners Sydney Private Wealth Pty Limited, ABN 25 678 662 925, AFS Licence No. 563803. PPSPW is part of the Pitcher Partners Sydney Firm and is a privately owned and run company associated with the Pitcher Partners network of separate accounting firms, and is a network member of Baker Tilly International Limited.
