This is a critical time for investors and policymakers alike. Geopolitical tensions, elevated market volatility, and the fastest pace of central bank tightening in decades are meaningful economic headwinds contributing to an unusually uncertain environment. We discussed these and other factors at length at our Cyclical Forum in September in Newport Beach. We concluded that a recession is likely to strike across developed markets and that elevated inflation is likely to stick around. Central banks are in a miserable position, having to address inflation while growth is already at risk. We see this as a time for ... (full story)