Abstract:In our 4Q outlook, we will review the impact of major events in the third quarter and provide our forecasts for global markets in the fourth quarter.The prolonged warfare between Russia and Ukraine, coupled with extreme weather conditions has exacerbated the energy and food crisis in Europe. Broadening inflationary pressure from food and energy to shelter, medical and services on the back of a historically tight labor market has accelerated the pace of rate hikes in the US. Market volatility was elevated by a spike in global bond yields and rising risk aversion amid cautious earnings outlook of global mega corporates.In terms of portfolio strategy, we suggest investors staying defensive.  Fixed income allocation should keep duration short-to-medium with overweight in investme

ONE Carmel - The Luxury Real Estate Project of DL Holdings in North America Bay Area - Officially StartedSAN FRANCISCO, Aug. 23, 2022 /PRNewswire/ -- On August 15, 2022, ONE Carmel, the luxury real estate investment project of DL Holdings in the San Francisco Bay area of California, held a groundbreaking ceremony. More than 100 political and business guests, investors and developers from Monterey County and Carmel attended the event. The groundbreaking ceremony and cocktail party were attended by Monterey County Board of Supervisors Mary Adams, Luis Alejo, Chris Lopez and Wendy Root Askew, Dave Potter, the mayor of Carmel-by-the-Sea and guests from the Carmel Valley Association, the Carmel Valley Trail &am