Headwinds Remain, But Reason for Optimism Source: Picton Mahoney Asset Management Publish Date: Jul 19, 2022 Risk assets still face significant headwinds as the second half of 2022 begins. Inflation has remained stubbornly high, the U.S. Federal Reserve seems determined to restore price stability, and the economy is expected to decelerate quickly. Investors need to be patient and wait for these headwinds to turn into tailwinds. When tailwinds do emerge, equities may stage a sharp rally given that current sentiment is extremely bearish. To read the full report, click here.