Market Views: Which assets will perform under stagflation?

Some topics we thought were so last century are back in the news. Market observers are discussing the prospect of stagflation - defined as persistently high inflation, high unemployment and stagnant demand, all at the same time - which dogged markets in the 1970s.  It does share something similar – sky-high commodity prices, a disappointing unemployment rate, and cooling economic growth, which is a mix of current energy crunch and the carbon-neutral transition. Inflation rose to…