Commentary
Part two of our quarterly Economic Outlook, by James Solloway, SEI's Chief Market Strategist.
Sticky inflation + stubborn central banks = spirited markets
SEI recently released its first-quarter Economic Outlook, published in two installments. Here is a summary of our key perspectives from the second installment, focusing on inflation, its impact on economic policies, and how market performance reflects this.
Glossary
Price/earnings (P/E) ratio is calculated by dividing the current market price of a stock by the earnings per share.
Price/earnings multiples often are used to compare companies in the same industry, or to assess the historical performance of an individual company.
Term premium is the additional yield that investors demand to hold longer-duration securities.
Important information
This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. Positioning and holdings are subject to change. All information as of the date indicated. There are risks involved with investing, including possible loss of principal. This information should not be relied upon by the reader as research or investment advice, (unless you have otherwise separately entered into a written agreement with SEI for the provision of investment advice) nor should it be construed as a recommendation to purchase or sell a security, including futures contracts. The reader should consult with their financial professional for more information. Statements that are not factual in nature, including opinions, projections and estimates, assume certain economic conditions and industry developments and constitute only current opinions that are subject to change without notice. Nothing herein is intended to be a forecast of future events, or a guarantee of future results.
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