This was the quarter that the Trump reflation trade unwound.
We’re just a few days into the new financial year, markets are on the move after an exceptionally calm period for global stocks. Bond yields are rising and stocks have pulled back.
The Australian economy came through a weak start to the year but now there are signs the labour market is strengthening and the RBA appears to be firmly on hold with the cash rate until well into next year.
JPMorgan provides a guide to make sense of all these, and a whole lot more as we travel through the first quarter of 2017. The presentation looks in detail at some of the key economic indicators for Australia before looking at the global picture.
Thanks to JPMorgan Asset Management for giving us permission to feature this presentation.