As we enter the final quarter of 2024, the world stands at a crucial crossroads. Key events across the globe, from the US presidential election to the intensifying conflict in the Middle East, are reshaping economic landscapes and financial markets. At Peregrine Wealth, we remain steadfast in guiding our clients through these turbulent times with strategies that preserve and grow wealth despite the uncertainty.
The outcome of the United States (US) election in November has the potential to significantly alter fiscal policies, tax frameworks, and international trade agreements. A win for either candidate could lead to divergent paths for the world’s largest economy—one focused on more populist, inward-looking policies or another aiming for continuity in global cooperation. Regardless of the outcome, markets will inevitably react, and the ripple effects will be felt across the world.
Adding to the complexity, the ongoing conflict in the Middle East has escalated into one of the most significant geo-political risks of 2024. The implications of this conflict are far-reaching, from oil price volatility to broader concerns about global security and its impact on investor sentiment, which has thus far been extremely resilient. Energy markets, in particular, have seen heightened volatility, which continues to challenge global supply chains, affecting the trajectory of inflation and investment returns.
At Peregrine Wealth, we have always believed that diversification and prudence are the bedrock of successful wealth management. Our strategies are built to withstand global shocks, and while we cannot predict the future, we can ensure that your portfolio is positioned to navigate whatever lies ahead.
Despite the uncertainty, we are also seeing opportunities emerge. As we enter the final quarter, global inflation is showing signs of moderating in many key economies, and central banks have started easing their monetary policies. This presents a potential tailwind to economic growth via consumer well-being, which could indeed deliver the US Federal Reserve’s desired ‘soft’ landing.
At Peregrine Wealth, we continue to navigate these shifting dynamics with a careful and proactive approach, always keeping our clients’ long-term financial goals at the forefront.
Enjoy this edition of Peregrination.