Mondial Dubai LLC

Wishing you a season filled with joy, laughter, and wealth that multiplies faster than holiday calories! 🎄✨

May your financial dreams sparkle as bright as the skyline.

Happy Holidays from 🌟

مع حلول العام الهجري الجديد، كل عام وأنتم وذويكم بكل خير وسعادة.

‬ Happy Islamic New Year. ‪‬

Wishing you and your family abundance, joy and prosperity.

كُلُّ عامٍ وأَنْتُمْ بِخَيْرٍ

رمضان كريم
كل عام وأنتم بخير 🌙

May the holy month of Ramadan bring countless moments of happiness and joy in your life 🌙

We wish you a Merry Christmas 🎄

The outlook for emerging markets is not as bleak as previously feared. Although many economies are facing difficulties, default rates are not expected to rise significantly. Markets may have already priced in the expected economic turmoil and many EM countries are on a sounder financial footing than during previous monetary tightening cycles. Investors willing to ride out short-term volatility may see emerging markets as a longer-term opportunity.

to Lorenzo La Posta, CFA & Gabriella Byron from Momentum Global Investment Management discussing Chart of the week: 📈 at https://apple.co/3Royuu2

to Mondial's to enjoy listening to the previous episodes and get notified of the upcoming episodes.

, Providing & Since 1989 | www.mondialdubai.com

Chart of the week: Recession Rally📈

to Lorenzo La Posta & Gabriella Byron from Momentum Global Investment Management discussing the chart at https://apple.co/3JGn3LK

The chart shows expectation of future interest rates in the for upcoming Federal Open Market Committee FOMC meetings up until January 2024. Calculated using data from funds futures, it shows the number of interest rate hikes/cuts that markets are expecting between now and future FOMC meeting dates. It also shows the expected policy rate at those dates.

This rally has been driven by economic data and expectations leading markets to believe that the monetary tightening cycle may not be as strong as previously feared.

However, this expectation relies on inflation being brought under control in the coming months. Past data suggests that long-term predictions of the Fed rate are rarely accurate, and Fed Chairman Powell has declared future changes will be determined entirely by the data, offering no forward guidance.

With such high uncertainty, it is difficult to determine whether a corner has been turned or whether this is simply just another bear market rally. However, with careful diversification, blending risk assets with defensive and low-correlated assets, we believe it is important to ride out the volatility and stay invested.

to Mondial's to enjoy listening to the previous episodes and get notified of the upcoming episodes.

, Providing & Since 1989 | www.mondialdubai.com

Chart of the week: Runaway inflation is no joke📈

to Robert White, & Gabriella Byron from Momentum Global Investment Management discussing the chart at https://apple.co/3beS38O

to Mondial's to enjoy listening to the previous episodes and get notified of the upcoming episodes.

, Providing & Since 1989 | www.mondialdubai.com

Chart of the week: Easing Expectations📈

to Lorenzo La Posta & Gabriella Byron from Momentum Global Investment Management discussing the chart at https://apple.co/3okIwQD

The chart shows the 5-year breakeven rates for the , and which measure the market’s expectation of what the annual inflation rate will be five years from now, over the subsequent five years, on average.

As we move through the second half of the year, two of the biggest drags on markets will be lifted: inflation is likely to have peaked, and the Fed’s tightening will be coming close to an end, ahead of other central banks. A soft landing will be tough for the Fed to engineer, but recent market moves suggest that there is seemingly little priced-in for that favourable outcome.

to Mondial's to enjoy listening to the previous episodes and get notified of the upcoming episodes.

, Providing & Since 1989 | www.mondialdubai.com