“The only thing worse than a very profitable banking system is a very unprofitable banking system.” Jonathan Mott, 2010, from his presentation to the Australian Senate Economic References Committee inquiry into Competition within the Australian banking sector

Touch wood, but 2023 has probably turned out better than many expected. At the end of 2022, there was a strong consensus that a recession was on the cards in the world’s largest economy, the US, and that inflation will prove extremely hard to rein in.

The Harbour Investment Outlook summarises recent market developments, what we are monitoring closely and our key views on the outlook for fixed income and equity markets.

The Harbour Investment Outlook summarises recent market developments, what we are monitoring closely and our key views on the outlook for fixed income and equity markets.

At the end of last year Chris Di Leva, Portfolio Manager and Multi Asset Specialist, and Hamish Pepper, Fixed Income & Currency Strategist, sat down to mull over the approaching risks and opportunities for 2023. Now, with six somewhat 'uneventful' months of the year under our belts, they have taken the time to pause, reflect and discuss what may lie ahead.

The impact of artificial intelligence (AI) on businesses and the economy has been profound, leading to a notable surge in the value of select information technology companies. Harbour Investment Analyst discusses the AI frenzy and other key market developments for the month.

Chris Di Leva, Portfolio Manager and Multi Asset Specialist at Harbour Asset Management shares key insights into recent market developments and what to watch.

The Harbour Investment Outlook summarises recent market developments, what we are monitoring closely and our key views on the outlook for fixed income and equity markets.

The Harbour Investment Outlook summarises recent market developments, what we are monitoring closely and our key views on the outlook for fixed income and equity markets.

The Harbour Investment Outlook summarises recent market developments, what we are monitoring closely and our key views on the outlook for fixed income and equity markets.

The Harbour Investment Outlook summarises recent market developments, what we are monitoring closely and our key views on the outlook for fixed income and equity markets.

The Harbour Investment Outlook summarises recent market developments, what we are monitoring closely and our key views on the outlook for fixed income and equity markets.

The Harbour Investment Outlook summarises recent market developments, what we are monitoring closely and our key views on the outlook for fixed income and equity markets.

In its monthly Investment Outlook Harbour Asset Management explains what it sees in the markets at the moment and how it is positioning its portfolios.