- 14 August 2018
Macroeconomic backdrop is supportive of ‘risk-on’. This can quickly change, but for now, a lack of inflation pressure and positive growth should fu [...]
Macroeconomic backdrop is supportive of ‘risk-on’. This can quickly change, but for now, a lack of inflation pressure and positive growth should fu [...]
Our stance today is currently ‘risk-on’. That said, this is not 2017 and asset allocation is critically important given the many risks that investo [...]
Overall economic, as well as EPS, growth is and is expected to remain quite solid. It is very likely not going to be as strong as we were expecting [...]
Markets continue to muddle through against an overall supportive economic backdrop, with assets fully or fairly priced.
While there haven’t been many changes in the economic backdrop, which overall remains supportive, noise levels have nonetheless risen significantly [...]
The early months of 2018 have been challenging for investors across asset classes. Stretched equity valuations exacerbated declines in global stock [...]
There are plenty of reasons to be cautious, and that thus explains the current challenging market environment: the Facebook data scandal, trade dis [...]
The return of volatility at the beginning of February resulted from the unwinding of the great goldilocks consensus: inflation is now gradually con [...]
Godot finally arrived. After nine years and three quantitative-easing programmes (QE 1, 2 and 3), the Fed began to reduce its balance sheet this mo [...]