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Halfway through

The first half of 2022 is officially over, and it has been brutal. The worst performance since 1865 for government bonds and the worst performance in Equities since the 70’s. As you can see in the chart below, only Commodities, and not all of them, have provided positive returns so far this year. At this point, investment committees around the world are deciding what to do for the second half of the year, with lots of uncertainty regarding central banks actions, #inflation, US #midtermelections, and even a potential escalation of the #ukraineconflict. It seems that the only thing clear for the second half of the year is that volatility will remain high.

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Source: Deutsche Bank.

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