Horizon Q2 │2022

High uncertainty brings chances in the mid-term

Prof Dr Bernd Meyer and team provide an outlook for the second quarter of 2022 in the current Horizon publication.

Key messages of the capital market outlook:

  • High uncertainty:The war brings more inflation, less growth and high uncertainty – the economic damper is yet to come. The risk of stagflation increases. But central banks are less restrictive in the short term.
  • Solid starting point: The economy and profits surprised positively and the coming burdens are likely to pass. Equity markets have corrected, valuations and positioning are lower, pessimism dominates.
  • Chances of recovery: Market recovery likely with some easing of uncertainty, inflation and volatility. However, balanced positioning is still advisable.

In the Insights interview, Klaus Naeve, Co-Head of Berenberg Wealth and Asset Management and Head of Sales, analyses what developments he sees among our clients and how we react to them.

Your contact

Prof. Dr. Bernd Meyer
Chief Investment Strategist and Head of Multi Asset
Phone +49 69 91 30 90-225
Ulrich Urbahn
Head of Multi Asset Strategy & Research
Phone +49 69 91 30 90-225

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