Can economies balance growth and inflation?

This monthly commentary gives a roundup of global markets and trends. 

In this edition:

• We consider how growth has been supported by healthy labour market and how the global economy defied pessimistic expectations
• A key risk for financial markets is that growth rekindles inflationary pressure
• Economic environment remains supportive for company earnings, and particularly for large cap stocks to drive the overall market
• However, the Magnificent Seven’s endurance comes into question as only four of them are now outperforming the S&P 500 in 2024