Markets are complex systems with many intertwined factors driving outcomes. Many participants and commentators however like to simplify these factors and embrace persuasive narratives to justify all market movements.  

As we approach the middle of 2024, there are two narratives we believe to be the most compelling and prevailing:  

1. The artificial intelligence revolution is here. 
2. Fiscal policy is back. 

Listen as Brett Lewthwaite, CIO and Head of Fixed Income for Macquarie Asset Management, summarises Issue 02 of our Fixed Income Strategic Forum 2024.

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