Group 1 - The article discusses the current pricing logic of global major asset classes, emphasizing the impact of macroeconomic factors on asset valuation [2] - It highlights the importance of understanding the relationship between interest rates and asset prices, noting that rising interest rates typically lead to lower asset valuations [2] - The author points out that inflation expectations play a crucial role in shaping investor sentiment and asset pricing, with higher inflation often resulting in increased volatility [2] Group 2 - The article analyzes the performance of various asset classes, indicating that equities have shown resilience despite economic uncertainties, while fixed income assets have faced challenges due to interest rate hikes [2] - It mentions the shift in investor focus towards alternative investments, such as private equity and real estate, as a response to traditional asset class underperformance [2] - The author concludes that a diversified investment strategy is essential in navigating the current market environment, recommending a balanced approach across different asset classes [2]