Markets Find Their Footing
Volatility returned in the March quarter, with geopolitical tensions and rising energy prices unsettling markets.
While these periods can feel uncomfortable, they are a normal part of investing and often reinforce the value of a disciplined, long-term approach. The key is to look through short-term noise and stay focused on what ultimately drives portfolio returns: valuations and fundamentals, not headlines.
In our latest Quarterly Investment Report, we outline how portfolios are positioned following the recent valuation reset, evolving inflation risks and ongoing geopolitical uncertainty.
We’ve also included a short video from Advisory Board member Daryl Wilson, sharing perspective on the quarter and our outlook for the year ahead.
In this quarter’s report, we cover:
- Global equity valuations have reset, improving the risk-reward outlook as earnings remain resilient.
- Markets are weighing risks, not ignoring them, with geopolitical shocks typically causing temporary disruption.
- Energy prices remain the key near-term variable, reinforcing our expectation of one or two further RBA rate hikes this year.
- Early signs that AI adoption is translating into productivity gains, supporting revenue growth and margins.
We hope you find the report and video valuable. Please reach out if you would like to discuss these themes or your portfolio positioning further.
Warm regards,
Mackay Private Wealth
General Advice Warning: Any comments in this communication do not consider your objectives, financial situation or needs. Before acting on any general advice, consider whether it is appropriate for you.