The importance of differentiating between macroeconomic outlook and market sentiment By Bastian Teichgreeber, Prescient Chief Investment Officer July 2024
August 20, 2024
In the intricate and forward-looking world of asset management, the distinction between macroeconomic outlook and market sentiment is pivotal. The former gives us an overarching view of the state of the economy and its likely trajectory. In contrast, the latter gives us insights into market participants' psychological and behavioural aspects, which often drive markets and may not reflect macroeconomic fundamentals.