
Monthly Investment Insights – March 2026
The market isn’t pricing reality. Growth is holding up, inflation isn’t falling fast enough, and an energy shock is pushing both in the wrong direction at the same time. This isn’t a soft landing—it’s a late-cycle regime shift. Markets are still behaving like disinflation is inevitable and rate cuts are coming, but the data and policymakers suggest a different outcome: higher-for-longer is back, driven by supply shocks rather than demand.












