Iran war sparks turmoil in markets - where do investors go from here?

• Markets experienced historic volatility in March, with European stocks and US multiples now offering compelling entry points for medium-term investors.
• Inflation is a significant risk, making inflation-protected bonds (TIPS) a real hedge. Gold miners are also seen as attractive due to current gold prices.
• Central banks are expected to 'look through' current inflation spikes, but persistent high oil prices could force rate hikes, which equity markets are not currently priced for.
• Concerns remain about private credit risks and the potential for growth shocks to expose weaknesses in the economy.

The discussion analyzes the historically volatile market month of March, driven by the Iran war, impacting equities, bonds, and commodities. Experts identify attractive entry points in certain equity sectors and inflation-protected bonds, while cautioning about central bank policy and private credit risks. The overall outlook is cautious but with emerging opportunities.