Episode
Rate Hikes Back on the Table. Does This Spell Recession?
- Podcast
- The Art of Investing
- Published
- Mar 27, 2026
- Duration seconds
- 4080
- Processing state
not_requested- Canonical source
- https://share.transistor.fm/s/ba987139
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Summary
This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham are joined by Stu Thompson, Economic Strategist, to break down a market being driven less by fundamentals, and more by shifting interest rate expectations.With central banks holding steady but markets rapidly repricing from rate cuts to potential hikes, the team explore whether interest rate expectations have become disconnected from reality.They also dive into continued stress in private credit, the impact of oil and geopolitics on inflation, and why bond markets are no longer providing the diversification investors expect.The big question: are markets overreacting, and where are the opportunities if they are? This Week’s Highlights:🏦 Rate Expectations FlipMarkets move from pricing cuts to multiple hikes, a huge shift in sentiment.📉 Bonds Fail to DiversifyGilts and treasuries fall alongside equities, challenging traditional portfolio theory.⚠️ Private Credit Stress BuildsRedemption limits and liquidity concerns continue to emerge.⛽ Oil & Inflation RiskEnergy prices remain the key driver of inflation expectations.📊 Markets Still ResilientDespite volatility, equities hold up better than many expected.🧠 Don’t Fight the NoiseWhy long-term investors should avoid reacting to short-term headlines. Portfolio Snapshot - Week 32:Weekly performance: –1.7%Total return since inception: +12.5% Top Performers🥇 iShares Russell 2000 ETF: +1.1%🥈 Cash: +0.1%🥉 iShares UK Gilts 0–5yr ETF: –0.4% Underperformers📉 WisdomTree Copper ETF: –5.4%📉 VanEck Crypto & Blockchain Innovators ETF: –3.7%📉 iShares MSCI India ETF: –2.9% Portfolio Positioning:The portfolio remains diversified across:• Commodities and real assets• Global equities (US, UK, Europe, EM)• Small and mid-cap exposure• Bonds and…