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Macroeconomic & Market Review-20 November 2023

Dmitri Smolansky, Head of Portfolio Solutions, provides a capital markets update, while SECOR’s asset class specialists, provide updates on Equity and Fixed Income

  • Equities rallied across the board as investors bet that the Fed is done with raising rates
  • US CPI and UK RPI continued its downward trend. We see breakevens moving down across the board to reflect the downside surprises
  • 89% of the S&P 500 reported 4% YoY growth for Q3 earnings, ahead of the 0% expectation at the beginning of the earnings season
  • Possible effects of AI on productivity, GDP growth and employment

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12/05/2023 Market and Macro Review

Awards

The Wealth & Asset Management Awards 2025

Winner – Fiduciary Manager of the Year

UK Pensions Award 2025

Finalist – Fiduciary Manager of the Year & LDI Manager of the Year

Pensions Age Awards 2025

Finalist – Fiduciary Management Firm of the Year & LDI Manager of the Year

European Pensions Awards 2025

Winner - LDI Manager of the Year & Finalist – Fiduciary Management Award

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