2022 Q3 | Stellar AiM IHT Service – Standard Life Performance Factsheet

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Trying to chronicle all the trials and tribulations of the third quarter would have proved challenging even at ten times this factsheet’s 900-word count limit. We have said previously that a new playbook would be needed for a more inflationary upcoming decade and that central bankers would hike rates until ‘something breaks’. Our conviction on both statements has only strengthened. While the financial system remains, just about, intact, its seams are under significant duress.

MICAP SAM