November 2023 / GLOBAL FIXED INCOME
Ausbiz: Markets might be a bit too exuberant
Scott Solomon of T. Rowe Price is of the view that although US markets may appear to have rushed in their reactions to the recent soft CPI reading, they are merely responding to signals from the Fed and other financial conditions. He discusses the various trends and aspects beginning from the start of the month, noting that the Fed's hints of a pause prompted the market to relax, a response boosted by the CPI data. Scott also mentions a potential re-inflation of asset prices is likely to continue into the next year.
IMPORTANT INFORMATION
This material is being furnished for general informational and/or marketing purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, nor is it intended to serve as the primary basis for an investment decision. Prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested.
The material does not constitute a distribution, an offer, an invitation, a personal or general recommendation or solicitation to sell or buy any securities in any jurisdiction or to conduct any particular investment activity. The material has not been reviewed by any regulatory authority in any jurisdiction.
Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources' accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.
The material is not intended for use by persons in jurisdictions which prohibit or restrict the distribution of the material and in certain countries the material is provided upon specific request.
It is not intended for distribution to retail investors in any jurisdiction.
November 2023 / GLOBAL FIXED INCOME
Scott Solomon is an associate portfolio manager in the International Fixed Income Division. He supports the Dynamic Global Bond Strategies. Scott is a vice president of the Global Funds, Inc., and the International Funds, Inc., and an Investment Advisory Committee member of the Dynamic Global Bond and Dynamic Credit Funds. Scott also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.