Global markets stay resilient despite geopolitical concerns, says Cameron Brandt

As US bond yields show signs of pullback, investors are weighing potential risks to global growth and the likelihood of a US recession in the coming years. In an exclusive discussion with ET Now, market strategist Cameron Brandt shared his insights on the current economic landscape and capital flows.

US Bond Yields and Recession Risks

On the recent decline in the US 10-year bond yield, Brandt said:

"We may be heading into the next Fed meetings without all the necessary data. Private forecasts suggest no major obstacles to the Fed cutting rates next year. Growth relative to the cycle may slow, but I am not seeing signs of a recession."

Geopolitics and Investor Behaviour

Regarding global geopolitical concerns, he noted:
"Markets have largely ignored major geopolitical shifts. The dominant driver of flows is fear of missing out. Recently, we’ve seen big inflows into US and China equity funds, while fixed income remains cautious but steady."

India’s Investment Outlook

On India, Brandt observed:
"Compared to the US and China, investors were fully invested when the market topped out. India remains in the conversation with 6% expected growth, but flows will take time to return fully. There’s no rush yet."

Conclusion

Investors continue to balance caution with growth opportunities. Brandt emphasizes that fear of missing out, rather than geopolitical or macro risks, remains the dominant factor shaping flows.