This series helps investors identify and assess global financial market risks and their investment implications
At a glance.
- Financial markets are increasingly influenced by political news. With a looming trade conflict, the middle east conflict back on the agenda, a US election and an impeachment process ahead of us, this is unlikely to change in 2020. We recommend investors take a step-by-step approach to digesting political news rather than expressing political views with an outright investment position.
- The most likely trigger to end the current economic cycle remains a worsening of the trade conflict, which has increased downside risk not just to the US economy, but also to the Eurozone and China.
- Overall, we are underweight equities, prefer US stocks to their Eurozone counterparts, and favor income-generating strategies in the current environment.
CIO daily updates
- Moving to neutral on equities
- Lower for longer favors carry trades
- Be careful what you wish for on negative rates
- Nothing lasts forever
- A singular Singles' Day
- Positive headlines, more details awaited
- What is the US yield curve telling us?
- A tale of two earnings seasons
- Disruption is in the genes
- Anatomy of the October rally