Should markets heed Larry Summers’ warning that the next move in rates could be up rather than down? As inflation moves stubbornly sideways and economic growth remains robust, all eyes remain on the Fed as investors seek to guess its next move. Meanwhile, as conflict in the Middle East crosses dangerous new lines, to what extent is this risk priced into current risk assets, really? Please join the Jupiter Merlin Team on Wednesday 1st May at 11am to hear their latest macro views and an update on positioning of the Portfolios.