The recent pullback in market-based inflation expectations — driven in large part by the decline in oil prices from earlier highs — has offered a near-term tailwind for interest rate-sensitive equities. We have observed a notable improvement across financials, home builders, real estate developers, utilities, and REITs, sectors that had been materially discounting a more punitive rate trajectory.
Download the full report to see where we are in the cycle and how to position your portfolio for the volatility ahead.
