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Market Update | Read | 2 min

Back to defense mode amid tough love by central banks

At Jackson Hole, any lingering hopes for a swift dovish pivot by central banks due to a deteriorating growth outlook were finally wiped out. In response, markets tanked and put a firm end to what we can now all agree was a mere bear market rally over the summer months. Now, it is time to focus on risk in portfolio construction and resort to assets that offer some shelter from higher volatility levels.

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