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By Erik L. Knutzen, CFA, CAIA
The exuberant response to last Thursday's inflation data suggests markets are primed for the "pivot" - but could they be extrapolating too far?
This week sees the release of Solving for 2023, our
Divergences And Pivots
Summary
- We are in a landscape of divergences and potential pivots.
- The capacity to absorb structurally higher rates is likely to be key over the next year or two.
- We think the volatility generated by pivots can continue to offer a favorable backdrop to global macro and other trading-oriented strategies.
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 23 countries, Neuberger Berman’s team is more than 2,100 professionals. For five consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). Tenured, stable and long-term in focus, the firm has built a diverse team of individuals united in their commitment to delivering compelling investment results for our clients over the long term. That commitment includes active consideration of environmental, social and governance factors. The firm manages $323 billion in client assets as of March 31, 2019. For more information, please visit our website at www.nb.com.For important disclosures: https://www.nb.com/disclosure-global-communications Contact Us: Advisor Solutions (877) 628-2583 advisor@nb.com RIA & Family Office (888) 556-9030 riadesk@nb.com