Wealth management
November 27, 2023
Lower inflation around the globe should allow central banks to cut rates, while U.S. equities may reach a record level of 5000 on the S&P by year’s end. Image: Bank of America
By Luxury Roundtable Intelligence
Few consumers have experienced the current macro uncertainty in their lifetime, and investors have underappreciated and underpriced its impact. Indeed, the recession that many expected in 2023 never arrived.
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U+rzw07Nnl0dFqYhqDeLR94IyWkkEqb8RXdhRggPfm5IMxJfBYEJWs1Rua9f08tISBk4FdoT51m0ji2ef7D+N4gK+tQR5Jj3IWpiJZaVaUMMpkQC8\/ddQpAwNJXhpDlrKYgQM29+05pfKjnUzOTLqsQOMG5Wsd1X4jjnJQSWRHQv++J\/hH5h\/6iWkCshVFvclVoQsSd+rCdDIdiyHZqNf2uqxppOF4zLNZHynGCTRmytdGYOYKovl\/Skm2e9b+hAt8bCC1kVu3vYnZlXcHeVTB+fxBIAvAsWYv7dq7t\/fHDfgqbpA2xou02pammKXSJq3MFnZMEE+IZ7Kcu6tHAbELXSA7ofRmz8nreulUxSIflCLDWoDuCJFyi2SB6+oOpHdusu+lV70QKF7ZK1ANjzz85vDz5B37nWCGHQfR6ZBmLvMOz8m0VuZm+VZZvY2NVxpf2b4Jy2ncLF10hcYCQqmnhYuLPqGG6OSVcmURl6RYdqE3pyNC0EJcLF0Tmhf\/wI9RbII\/Ih8ISc5BE5hHb6Q0xZdZOuSWY3mY7Fl19LC6hoGBW6DdlO\/iv+tHjO0FHrNhlOA1V4uGQnkXm9iFQalLI0aaM6g129vpU8fIQ\/hKHybbUejQlIWWhekUtRc0iUCmigyCb4Xy4o+bl37\/urf\/\/jyULz5Cm2be7HVAW6+jVxhaO0brKS7jaLY8yGrp6CAjoLu2qDtZ7agQ4egTKcoeL5Bad2tpJzKtTzex1FJAShSH2xnTeafLBNbIKW74uEZEQ59QYw+nmYImGhn6RBFm+wRi1wQNYsiprLsg9GAkOzgIuDEYyXEB4Ci1tINUq+OIYcYjGeaSpsxRZkyE6zwrjUeBx0\/kS0jXd66FFoIv1aQ0nZJh7CBDF337i6FMrNiYwreDSsNcrNx9n6q8a5dcZsFt21DgjgYO59zXQ1Q0nnrbxqj+bWShUyEGh+l2fjCVKLmyztlcfk0VLXSQnzCkQ+rw90HGyOalM3O4zMd+O3IHQfxuzc4zud7uPa3b9vgpQXuyCw+kggL7HQAPRnvZxbHHDzFVz7F\/5S6xlzIFai6TouJHV+M8Lm\/BAWDzR7pt7TZ5kLgQkm\/evHB4SxWXyaQwIju2IFCbOyA695zOMtfBZNEVjG47\/qTT8R7LNNBEW4G51quPikyenwSz9owdFjymxKa839\/5evN1uM8OCiokVhcIO0jZrwPNbk6w9ZF1o2T\/ToRJnR5sbT43SCWcENq0ET8obA6ahdagukmAqSWexy9cj8WvwQqUJAaY8Ejb8PFyckKTbZCj4+qUoF0xCP8UXeCkJK6SuOREllXDlSd5eRWhjYNCnCYD31zW3qqrdR3HMyrLyVYpnXiD8coevft2t1gZtQs4lcjmA+\/ScVABHXmDZO5fcde0z2f3Vb0AWAr5ycTUpIDH5iulOnMkJPUykiNrRC0d\/MZf\/Jnt0ZWY5dStLvlztubky\/YAlbg5YY1yKONFoV6D9B9qNuw8rKC\/wjaod185HAeWEBEk\/IC63CSnDMpd9etOsuvwt\/fxTa9UCsEidFS58fH8nSlPlEOhj7OrxsAg3w3zwfe5ofOZAzuQ1cnpy5LjL3QO8JXICcS7g1m\/dnxVXlhTgjEpOSUHOVKXW\/D7u1ZsMvOyNtVz9NvdcaFJw6fbhM60xtp68cK7pF7x7a1GWHvDnVFJhgVfPfhS+84c7GGEgAGJsdC0GfN8dGm2rG4Grxh5Z+VqFvXLQt33l8nr55TbMkkUAOZG1pUoTfcL99z9kzAsNHGYGUHfn1fknUGrfnnoYPa72F4SL61J3YJ+62\/CzcZRkS8fq4G+FPfI\/ke8XEYjCJS2EVIZ210GXlmSprEv\/2NRy2IqQ9nV+ArbJK1jpGHHSg48LPCVkQvlvDg01UmnfqEybGjXHcL6Yo8rm8\/aAKM1BqHgdybRu0c7V+gW\/C4uFvr35LAWh9hev9WNqG16X0CCZk\/E+s5MF0ABLcUIJiT9T0ePCZ1jp4kH1tKbQl\/VLyQv2dQKP+CSEZ05maNpcmn0xLhN8VKaFB57+fpSGrhG1I20Rgm4CpGucic4y05dwOGpvtIDbFZeRa\/ky3ceyCbUMVMkaPfJdkGw\/OQzZaW+KVIrfQNIrQ9ZguTr8xURX9GFEJ5+ALjGFvHQUp0Xhz5hse6IF2OtQGuLt17nBKOPzofgyZPDmePKZKjK3WEeOmMMKPHveLPrl99oGHbXtX9Fs4S1alcXW4rXUUEe38o2NjJF8RjZ3froHemAbu6BYUm\/9jL9WWKf1gXs4KO4GqyXd4TCesD6UzLt8FDGsR4pf5kWZhMd7jxqCxcaOMk7zQ992a\/j\/BzXl0t7N7tebIBpnByDhY2qafNMB1yGey5okl\/wANWnuyyVSLR\/06fi4uxwMU4o6Vl3LxbDljQPHJTlj9qoZ28KL3b7j+XB4EsSog2hRgHLqJfpeOL50tXLScjUSA0teRd42QjcaYc04XEYsUqp+u2dgISWrESj\/qmtq+uaJjSf4GEvfmqmQ3rJ4+UbDBxWsdOyf4Z6v+F+umcU67leQAlQ3m8l1h\/8qopJN7dGm2UF3KOS1zNXroOXpWjnV45pzvU\/m6WFUf3en8ZykZM\/K9l24AgOMcq08q3cYYOyxR0dfX5GYHax8rsvFxPWLQI4V9kl+qCXupdpk2weLhotEsZTIjZFVPoSZIBdGoYsUsk9qjqVHs8hXCEq\/Zqn7QalBQg4HfMjnXtM2i6CVeA66lO\/b3L9fDdPH9p1uJdww47ClxDgR4mZwMdsxdzO4J4ve9tbWt5qGAFtIwxwi1A\/hQt2N+PpnTrPnLqFhfdCyUSoShP3OEZtr1nlwKh+GAoNoSalUQLxd9UluLELkYmuWFeMdr0DnCMK0X6TGhm9SRc+oZ4rN1PgusgmDC40cyXninUjnSitU7y1u3ItzAWvwY8ErlAiFlWnTIQt4fEi1AK4jynPdIXioMhbhfAsCHVopKN6GCiah1qX0tCsEz5vUSX4voccOwRXQPTjOWac3Go4oMBfrKJN9pOm+v\/LMABqmowPs2S92Rs83T2GZ6MgQ\/lbtCKqgggI5KwrBW2f\/15AhGk023hnUvhhPtKe7kQlxbEYMr6swyHbjag1RvTVtI6Puk3T05I7BlhtXbv+4O\/xzUbjb9zdrplsizyZCvYM\/YIt\/iIkm7qNMWruQtYfnFHcP49BWI3J0YgzB0OqZDKkmDZQjf08PiiRDkirJtimcG8oGnTLZPIjzXr3mLghvxZQMaiGxhQNIDulTlYg4Kon6QJVEE6lJxaMKJJVDHSyqTZsZCZd\/A02a\/\/tJ6G96+qErgaZQeeeylhg=","iv":"3be09399c14164ebd3c8a0f7a47eb99a","s":"b8fd44782f1596ec"}
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